Strattec Security (NASDAQ:STRT) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Strattec Security (NASDAQ:STRT) from a buy rating to a strong-buy rating in a research note published on Friday morning.

Strattec Security Stock Performance

Shares of NASDAQ STRT opened at $36.85 on Friday. Strattec Security has a 52-week low of $21.05 and a 52-week high of $44.26. The stock has a market capitalization of $151.09 million, a price-to-earnings ratio of 9.21, a PEG ratio of 1.39 and a beta of 1.15. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $40.30 and its 200 day simple moving average is $37.69.

Institutional Trading of Strattec Security

A number of hedge funds have recently bought and sold shares of the company. West Oak Capital LLC raised its holdings in shares of 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 acquiring an additional 1,105 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Strattec Security during the 3rd quarter valued at $47,000. JPMorgan Chase & Co. purchased a new stake in shares of Strattec Security in the third quarter valued at $69,000. Barclays PLC boosted its position in shares of Strattec Security by 126.0% in the third quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock worth $169,000 after buying an additional 2,202 shares during the period. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Strattec Security during the third quarter valued at $266,000. 68.91% of the stock is owned by hedge funds and other institutional investors.

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.