Strattec Security Corporation (NASDAQ:STRT) Short Interest Update

Strattec Security Corporation (NASDAQ:STRT - Get Free Report) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 285,400 shares, anincreaseof28.4% from the July 31st total of 222,300 shares. Currently,7.5% of the company's stock are sold short. Based on an average daily volume of 107,000 shares, the short-interest ratio is currently 2.7 days. Based on an average daily volume of 107,000 shares, the short-interest ratio is currently 2.7 days. Currently,7.5% of the company's stock are sold short.

Insider Activity

In other news, COO Rolando Guillot sold 22,890 shares of the company's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $65.86, for a total transaction of $1,507,535.40. Following the transaction, the chief operating officer directly owned 5,541 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Insiders own 6.40% of the company's stock.

Hedge Funds Weigh In On Strattec Security

Several hedge funds have recently made changes to their positions in STRT. Allspring Global Investments Holdings LLC grew its position in Strattec Security by 16.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 54,202 shares of the auto parts company's stock worth $2,139,000 after purchasing an additional 7,726 shares during the period. Ritholtz Wealth Management grew its position in Strattec Security by 152.1% during the 1st quarter. Ritholtz Wealth Management now owns 29,051 shares of the auto parts company's stock worth $1,146,000 after purchasing an additional 17,529 shares during the period. Informed Momentum Co LLC acquired a new stake in Strattec Security during the 1st quarter worth about $899,000. American Century Companies Inc. grew its position in Strattec Security by 217.1% during the 1st quarter. American Century Companies Inc. now owns 43,088 shares of the auto parts company's stock worth $1,700,000 after purchasing an additional 29,498 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Strattec Security during the 4th quarter worth about $406,000. 68.91% of the stock is owned by institutional investors and hedge funds.

Strattec Security Price Performance

NASDAQ STRT opened at $67.96 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.89. The stock's fifty day moving average price is $66.81 and its 200 day moving average price is $53.09. Strattec Security has a 1 year low of $31.57 and a 1 year high of $83.00. The company has a market cap of $282.71 million, a price-to-earnings ratio of 14.87, a PEG ratio of 1.56 and a beta of 1.37.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Strattec Security from a "buy" rating to a "strong-buy" rating in a research report on Monday, September 1st. Zacks Research downgraded Strattec Security from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Strattec Security presently 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.

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