Strattec Security's (STRT) "Buy (B-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Strattec Security's stock has been reaffirmed with a "Buy (B-)" rating by Weiss Ratings, while other analysts have mixed views, leading to an average rating of "Hold".
• The company reported better-than-expected quarterly earnings, with $2.06 EPS, exceeding consensus estimates of $1.07, and revenue of $152.01 million against an estimate of $143.51 million.
• Insider selling occurred as COO Rolando Guillot sold 22,890 shares at an average price of $65.86, significantly reducing his ownership stake in the company.

Strattec Security (NASDAQ:STRT - Get Free Report)'s stock had its "buy (b-)" rating restated by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

STRT has been the topic of a number of other research reports. Wall Street Zen upgraded shares of Strattec Security from a "buy" rating to a "strong-buy" rating in a research report on Monday, September 1st. Zacks Research downgraded shares of Strattec Security from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Strattec Security Stock Up 1.0%

Shares of NASDAQ STRT opened at $69.47 on Wednesday. The company has a market capitalization of $289.00 million, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 1.62 and a beta of 1.36. Strattec Security has a 52-week low of $31.57 and a 52-week high of $83.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.89 and a current ratio of 2.43. The company's 50 day moving average price is $68.54 and its 200-day moving average price is $56.45.

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

Insiders Place Their Bets

In other Strattec Security news, COO Rolando Guillot sold 22,890 shares of the company's stock in a transaction 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 transaction, the chief operating officer owned 5,541 shares in the company, valued at approximately $364,930.26. This represents a 80.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. acquired a new position in Strattec Security during the second quarter worth $25,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Strattec Security during the second quarter worth $50,000. Raymond James Financial Inc. acquired a new position in Strattec Security during the second quarter worth $92,000. New York State Common Retirement Fund acquired a new position in Strattec Security during the second quarter worth $106,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Strattec Security during the second quarter worth $132,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.