Jennifer Lynn Slater Purchases 797 Shares of Strattec Security (NASDAQ:STRT) Stock

Strattec Security Corporation (NASDAQ:STRT) CEO Jennifer Lynn Slater acquired 797 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average cost of $62.71 per share, with a total value of $49,979.87. Following the acquisition, the chief executive officer owned 57,123 shares of the company’s stock, valued at $3,582,183.33. This trade represents a 1.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jennifer Lynn Slater also recently made the following trade(s):

• On Wednesday, May 13th, Jennifer Lynn Slater bought 801 shares of Strattec Security stock. The stock was bought at an average price of $62.46 per share, for a total transaction of $50,030.46.

Strattec Security Stock Performance

STRT stock opened at $66.91 on Friday. The stock has a market capitalization of $279.68 million, a price-to-earnings ratio of 11.04, a PEG ratio of 1.05 and a beta of 1.17. Strattec Security Corporation has a 1 year low of $47.23 and a 1 year high of $92.50. The stock’s fifty day moving average is $76.03 and its two-hundred day moving average is $77.65.

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 analysts’ consensus estimates of $1.14 by ($0.24). The company had revenue of $137.63 million during the quarter, compared to the consensus estimate of $140.35 million. Strattec Security had a net margin of 4.31% and a return on equity of 11.00%. As a group, analysts predict that Strattec Security Corporation will post 6.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Strattec Security

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC raised its stake in shares of Strattec Security by 16.4% during the first quarter. Lazard Asset Management LLC now owns 40,995 shares of the auto parts company’s stock valued at $3,212,000 after purchasing an additional 5,769 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of Strattec Security by 41.7% during the first quarter. Gabelli Funds LLC now owns 247,800 shares of the auto parts company’s stock valued at $19,413,000 after purchasing an additional 72,900 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 purchasing an additional 3,591 shares in the last quarter. Sei Investments Co. raised its stake 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 purchasing an additional 8,841 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 8,542 shares in the last quarter. 68.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Freedom Capital upgraded Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Strattec Security in a research note on Friday, March 27th. Zacks Research cut Strattec Security from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Wall Street Zen cut Strattec Security from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Strattec Security currently has an average rating of “Moderate Buy”.

About Strattec Security

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.