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

Strattec Security Co. (NASDAQ:STRT) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 8,700 shares, an increase of 31.8% from the December 15th total of 6,600 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 18,200 shares, the days-to-cover ratio is presently 0.5 days.

Strattec Security Stock Up 0.8 %

NASDAQ:STRT traded up $0.30 during trading hours on Friday, hitting $39.99. The company’s stock had a trading volume of 17,945 shares, compared to its average volume of 14,337. Strattec Security has a 52-week low of $21.05 and a 52-week high of $44.26. The company has a current ratio of 2.18, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $163.96 million, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16. The stock has a fifty day moving average of $41.02 and a 200-day moving average of $36.34.

Strattec Security (NASDAQ:STRT) last released its quarterly earnings data on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.36. The business had revenue of $139.05 million for the quarter, compared to the consensus estimate of $139.32 million. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. During the same quarter in the prior year, the business posted $1.05 EPS. On average, equities analysts forecast that Strattec Security will post 2.76 earnings per share for the current year.

Institutional Trading of Strattec Security

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Strattec Security during the third quarter worth about $47,000. West Oak Capital LLC grew its stake in Strattec Security by 5,525.0% during the 4th quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company’s stock worth $46,000 after buying an additional 1,105 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Strattec Security during the third quarter worth approximately $69,000. Barclays PLC lifted its stake in Strattec Security by 126.0% in the third quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock valued at $169,000 after buying an additional 2,202 shares during the last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Strattec Security in the third quarter valued at approximately $266,000. Institutional investors and hedge funds own 68.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Strattec Security from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

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.