Strattec Security (NASDAQ:STRT) Stock Rating Lowered by Wall Street Zen

Strattec Security (NASDAQ:STRT - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday.

Strattec Security Trading Up 7.1%

STRT stock traded up $4.75 during midday trading on Friday, hitting $71.98. The stock had a trading volume of 123,178 shares, compared to its average volume of 31,220. The firm has a market cap of $300.02 million, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.39. The company has a current ratio of 2.33, a quick ratio of 1.72 and a debt-to-equity ratio of 0.06. Strattec Security has a 1-year low of $21.05 and a 1-year high of $70.58. The business has a fifty day moving average price of $51.96 and a two-hundred day moving average price of $44.91.

Strattec Security (NASDAQ:STRT - Get Free Report) last released its earnings results on Thursday, May 8th. The auto parts company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.55. The business had revenue of $144.08 million for the quarter, compared to analyst estimates of $140.84 million. Strattec Security had a net margin of 3.60% and a return on equity of 9.66%. On average, sell-side analysts predict that Strattec Security will post 3.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Strattec Security

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ritholtz Wealth Management lifted its holdings in Strattec Security by 152.1% in the first quarter. Ritholtz Wealth Management now owns 29,051 shares of the auto parts company's stock valued at $1,146,000 after buying an additional 17,529 shares during the period. Jane Street Group LLC acquired a new position in Strattec Security in the fourth quarter valued at $406,000. Millennium Management LLC increased its stake in Strattec Security by 143.8% in the fourth quarter. Millennium Management LLC now owns 29,597 shares of the auto parts company's stock valued at $1,219,000 after purchasing an additional 17,459 shares in the last quarter. American Century Companies Inc. bought a new stake in Strattec Security in the fourth quarter valued at $560,000. Finally, Tower Research Capital LLC TRC bought a new stake in Strattec Security in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 68.91% of the company's stock.

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.