Strattec Security Co. (NASDAQ:STRT) Short Interest Up 29.1% in May

Strattec Security Co. (NASDAQ:STRT - Get Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 41,300 shares, an increase of 29.1% from the April 30th total of 32,000 shares. Based on an average trading volume of 27,400 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.1% of the company's shares are short sold.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Strattec Security from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 7th.

Strattec Security Trading Down 0.1%

STRT traded down $0.07 during mid-day trading on Wednesday, hitting $55.22. The stock had a trading volume of 36,924 shares, compared to its average volume of 23,847. The stock's fifty day simple moving average is $41.16 and its 200-day simple moving average is $42.04. The firm has a market capitalization of $230.16 million, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 1.37 and a beta of 1.10. Strattec Security has a 1-year low of $21.05 and a 1-year high of $56.70. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.60 and a quick ratio of 1.77.

Strattec Security (NASDAQ:STRT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The auto parts company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.55. The business had revenue of $144.08 million during the quarter, compared to analysts' expectations of $140.84 million. Strattec Security had a net margin of 2.92% and a return on equity of 7.76%. As a group, research analysts forecast that Strattec Security will post 3.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Strattec Security

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC acquired a new position in shares of Strattec Security in the 4th quarter valued at approximately $33,000. JPMorgan Chase & Co. bought a new position in Strattec Security in the third quarter valued at approximately $69,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Strattec Security by 57.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company's stock valued at $71,000 after buying an additional 623 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Strattec Security during the first quarter worth $91,000. Finally, Bank of America Corp DE raised its holdings in shares of Strattec Security by 137.9% during the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company's stock worth $91,000 after acquiring an additional 1,280 shares during the period. Institutional investors and hedge funds own 68.91% of the company's stock.

Strattec Security Company Profile

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.