Strattec Security (NASDAQ:STRT) Rating Lowered to Strong Sell at Zacks Research

Strattec Security (NASDAQ:STRT) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Wall Street Zen raised Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Strattec Security currently has an average rating of “Sell”.

Strattec Security Stock Down 3.2%

Shares of Strattec Security stock opened at $65.81 on Tuesday. The business’s fifty day moving average price is $64.93 and its two-hundred day moving average price is $51.05. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.33 and a quick ratio of 1.72. The company has a market capitalization of $274.43 million, a P/E ratio of 14.40, a PEG ratio of 1.60 and a beta of 1.30. Strattec Security has a 1-year low of $31.57 and a 1-year high of $83.00.

Strattec Security (NASDAQ:STRT) last announced its earnings results on Thursday, August 14th. The auto parts company reported $2.06 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 9.11% and a net margin of 3.31%. As a group, research analysts forecast that Strattec Security will post 3.67 EPS for the current year.

Institutional Trading of Strattec Security

A number of hedge funds and other institutional investors have recently modified their holdings of STRT. Ameritas Investment Partners Inc. bought a new stake in shares of Strattec Security in the 2nd quarter worth $25,000. Tower Research Capital LLC TRC bought a new stake in shares of Strattec Security in the 4th quarter worth $33,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Strattec Security in the 2nd quarter worth $50,000. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Strattec Security by 57.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company’s stock worth $71,000 after buying an additional 623 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Strattec Security in the 1st quarter worth $91,000. Institutional investors 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.