Strattec Security (NASDAQ:STRT) Director Buys $61,370.00 in Stock

Strattec Security Corporation (NASDAQ:STRT) Director Frederic Jack Liebau, Jr. acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $61.37 per share, with a total value of $61,370.00. Following the completion of the acquisition, the director directly owned 7,748 shares of the company’s stock, valued at $475,494.76. This represents a 14.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Strattec Security Stock Performance

STRT traded up $1.95 on Thursday, hitting $64.40. The company had a trading volume of 106,593 shares, compared to its average volume of 74,114. The stock has a fifty day moving average price of $76.82 and a 200-day moving average price of $77.75. Strattec Security Corporation has a 12-month low of $47.23 and a 12-month high of $92.50. The stock has a market capitalization of $269.13 million, a price-to-earnings ratio of 10.63, a P/E/G ratio of 1.03 and a beta of 1.17.

Strattec Security (NASDAQ:STRT) last posted its earnings results on Thursday, May 7th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.24). Strattec Security had a net margin of 4.31% and a return on equity of 11.00%. The company had revenue of $137.63 million during the quarter, compared to analysts’ expectations of $140.35 million. Analysts forecast that Strattec Security Corporation will post 6.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Strattec Security

Several hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership increased its holdings in shares of Strattec Security by 68.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 8,817 shares of the auto parts company’s stock valued at $691,000 after acquiring an additional 3,591 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Strattec Security by 100.0% during the first quarter. Sei Investments Co. now owns 17,682 shares of the auto parts company’s stock valued at $1,385,000 after acquiring an additional 8,841 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Strattec Security by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 248,136 shares of the auto parts company’s stock valued at $19,438,000 after acquiring an additional 8,542 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Strattec Security during the first quarter valued at about $368,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Strattec Security by 44.6% during the first quarter. Hsbc Holdings PLC now owns 4,922 shares of the auto parts company’s stock valued at $383,000 after acquiring an additional 1,518 shares in the last quarter. Institutional investors and hedge funds own 68.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on STRT shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Strattec Security in a research note on Friday, March 27th. Wall Street Zen lowered Strattec Security from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Freedom Capital upgraded Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Zacks Research lowered Strattec Security from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Strattec Security Company Profile

Strattec Security Corporation is a Wisconsin‐based designer and manufacturer of mechanical and electronic locking systems for the global automotive market. Established more than five decades ago, the company supplies original equipment manufacturers (OEMs) and the aftermarket with a broad portfolio of lock and key solutions tailored to passenger cars, light trucks and commercial vehicles.

The company’s product range includes mechanical locking systems such as door lock cylinders, ignition lock modules, key blanks and door handles, as well as electromechanical and keyless‐entry systems.