Strattec Security Co. (NASDAQ:STRT) Short Interest Update

Strattec Security Co. (NASDAQ:STRT) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 10,600 shares, a decline of 28.4% from the February 28th total of 14,800 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 25,500 shares, the days-to-cover ratio is currently 0.4 days.

Insider Activity

In related news, COO Rolando Guillot sold 3,500 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.10, for a total value of $175,350.00. Following the sale, the chief operating officer now owns 36,443 shares in the company, valued at $1,825,794.30. This represents a 8.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On Strattec Security

Several large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new stake in shares of Strattec Security during the 4th quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Strattec Security in the third quarter valued at approximately $47,000. West Oak Capital LLC lifted its position in Strattec Security by 5,525.0% during the fourth quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 1,105 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Strattec Security in the 3rd quarter worth approximately $69,000. Finally, Bank of America Corp DE increased its holdings in shares of Strattec Security by 137.9% in the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock worth $91,000 after buying an additional 1,280 shares during the last quarter. Institutional investors own 68.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 7th.

Strattec Security Stock Performance

Shares of NASDAQ:STRT traded down $1.35 during trading on Friday, hitting $39.78. 13,999 shares of the company were exchanged, compared to its average volume of 19,666. Strattec Security has a 52-week low of $21.05 and a 52-week high of $53.01. The stock has a 50 day moving average of $43.78 and a 200 day moving average of $41.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.60 and a quick ratio of 1.77. The company has a market cap of $165.96 million, a PE ratio of 9.95, a P/E/G ratio of 1.37 and a beta of 1.12.

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.