Strattec Security (NASDAQ:STRT) COO Sells $1,507,535.40 in Stock

Key Points

• Rolando Guillot, COO of Strattec Security, sold 22,890 shares of stock on August 28th at an average price of $65.86, amounting to a total of $1,507,535.40 and a significant decline in his ownership by 80.51%.
• Strattec Security's stock saw a slight increase of 0.6%, trading at $66.24 with a market cap of $275.56 million and a price-to-earnings ratio of 14.49.
• Analysts' opinions on Strattec Security are mixed, with Zacks reducing its rating to a "strong sell" while Wall Street Zen upgraded it to a "strong-buy".

Strattec Security Corporation (NASDAQ:STRT - Get Free Report) COO Rolando Guillot sold 22,890 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $65.86, for a total transaction of $1,507,535.40. Following the completion of the transaction, the chief operating officer owned 5,541 shares in the company, valued at $364,930.26. This represents a 80.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Strattec Security Trading Down 2.9%

NASDAQ STRT traded down $2.00 during trading hours on Friday, hitting $66.19. The company's stock had a trading volume of 39,186 shares, compared to its average volume of 139,184. The stock has a fifty day moving average of $66.70 and a 200 day moving average of $52.90. Strattec Security Corporation has a twelve month low of $31.57 and a twelve month high of $83.00. The firm has a market capitalization of $275.42 million, a P/E ratio of 14.48, a PEG ratio of 1.60 and a beta of 1.37. The company has a quick ratio of 1.89, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Strattec Security (NASDAQ:STRT - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The auto parts company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.99. Strattec Security had a net margin of 3.31% and a return on equity of 8.95%. The business had revenue of $152.01 million for the quarter, compared to analyst estimates of $143.51 million. Equities research analysts forecast that Strattec Security Corporation will post 3.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Strattec Security

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors acquired a new stake in shares of Strattec Security during the second quarter worth $225,000. Lazard Asset Management LLC raised its holdings in shares of Strattec Security by 414.3% during the second quarter. Lazard Asset Management LLC now owns 13,500 shares of the auto parts company's stock worth $839,000 after acquiring an additional 10,875 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Strattec Security by 420.9% during the second quarter. BNP Paribas Financial Markets now owns 2,464 shares of the auto parts company's stock worth $153,000 after acquiring an additional 1,991 shares during the period. Bridgeway Capital Management LLC raised its holdings in shares of Strattec Security by 3.9% during the second quarter. Bridgeway Capital Management LLC now owns 42,613 shares of the auto parts company's stock worth $2,651,000 after acquiring an additional 1,580 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Strattec Security during the second quarter worth $1,806,000. 68.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on STRT shares. Wall Street Zen upgraded shares of Strattec Security from a "buy" rating to a "strong-buy" rating in a report on Monday, September 1st. Zacks Research lowered shares of Strattec Security from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Strattec Security currently has an average rating of "Sell".

About Strattec Security

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products.