Strattec Security (NASDAQ:STRT) CEO Acquires $50,030.46 in Stock

Strattec Security Corporation (NASDAQ:STRT) CEO Jennifer Lynn Slater bought 801 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $62.46 per share, for a total transaction of $50,030.46. Following the transaction, the chief executive officer directly owned 57,924 shares in the company, valued at approximately $3,617,933.04. This represents a 1.40% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, May 12th, Jennifer Lynn Slater purchased 797 shares of Strattec Security stock. The shares were purchased at an average cost of $62.71 per share, with a total value of $49,979.87.

Strattec Security Stock Performance

NASDAQ:STRT traded up $1.95 during midday trading on Thursday, reaching $64.40. 106,693 shares of the stock traded hands, compared to its average volume of 74,117. Strattec Security Corporation has a 12-month low of $47.23 and a 12-month high of $92.50. The business has a 50-day moving average of $76.82 and a two-hundred day moving average of $77.75. The stock has a market capitalization of $269.13 million, a PE ratio of 10.63, a price-to-earnings-growth ratio of 1.03 and a beta of 1.17.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Strattec Security from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed 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 report on Tuesday. Finally, Freedom Capital raised shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Institutional Trading of Strattec Security

Institutional investors and hedge funds have recently bought and sold shares of the stock. New York State Teachers Retirement System purchased a new stake in shares of Strattec Security in the 4th quarter valued at approximately $27,000. State of Alaska Department of Revenue acquired a new stake in shares of Strattec Security in the fourth quarter valued at $58,000. Bank of America Corp DE boosted its stake in shares of Strattec Security by 137.9% in the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock valued at $91,000 after buying an additional 1,280 shares during the period. Raymond James Financial Inc. purchased a new position in Strattec Security in the second quarter worth approximately $92,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Strattec Security during the 2nd quarter worth $106,000. 68.91% of the stock is currently owned by hedge funds and other institutional investors.

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.