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

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

Strattec Security Stock Performance

NASDAQ:STRT traded down $1.54 on Friday, hitting $65.00. The company's stock had a trading volume of 85,085 shares, compared to its average volume of 32,106. The stock has a fifty day moving average of $53.23 and a two-hundred day moving average of $45.27. Strattec Security has a one year low of $21.05 and a one year high of $70.58. The firm has a market capitalization of $271.05 million, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 1.40 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 (NASDAQ:STRT - Get Free Report) last announced its earnings results on Thursday, May 8th. The auto parts company reported $1.50 EPS for the quarter, topping the consensus estimate of $0.95 by $0.55. The company had revenue of $144.08 million for the quarter, compared to analysts' expectations of $140.84 million. Strattec Security had a net margin of 3.60% and a return on equity of 9.66%. Research analysts predict that Strattec Security will post 3.67 earnings per share for the current year.

Institutional Trading of Strattec Security

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in Strattec Security by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 234,260 shares of the auto parts company's stock worth $9,652,000 after acquiring an additional 7,880 shares in the last quarter. Truffle Hound Capital LLC bought a new stake in Strattec Security in the 4th quarter worth about $5,150,000. Renaissance Technologies LLC increased its position in shares of Strattec Security by 4.2% during the fourth quarter. Renaissance Technologies LLC now owns 100,906 shares of the auto parts company's stock valued at $4,157,000 after acquiring an additional 4,100 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Strattec Security by 33.7% during the 1st quarter. Acadian Asset Management LLC now owns 78,047 shares of the auto parts company's stock worth $3,076,000 after purchasing an additional 19,693 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Strattec Security by 16.6% in 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. 68.91% of the stock is currently owned by institutional investors and hedge funds.

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.