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

Strattec Security Co. (NASDAQ:STRT) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 10,600 shares, a decrease of 28.4% from the February 28th total of 14,800 shares. Based on an average daily volume of 25,500 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

Strattec Security Stock Performance

Shares of NASDAQ:STRT opened at $39.52 on Tuesday. The business’s 50-day simple moving average is $43.77 and its 200 day simple moving average is $41.23. The company has a market cap of $164.88 million, a P/E ratio of 9.87, a PEG ratio of 1.37 and a beta of 1.12. Strattec Security has a one year low of $21.05 and a one year high of $53.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 2.60.

Insider Buying and Selling at Strattec Security

In other news, COO Rolando Guillot sold 3,500 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.10, for a total value of $175,350.00. Following the completion of the sale, the chief operating officer now directly owns 36,443 shares of the company’s stock, valued at approximately $1,825,794.30. This represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Strattec Security

Several institutional investors and hedge funds have recently made changes to their positions in STRT. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Strattec Security by 57.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company’s stock valued at $71,000 after buying an additional 623 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Strattec Security in the fourth quarter worth $33,000. Gabelli Funds LLC increased its position in Strattec Security by 3.2% during the fourth quarter. Gabelli Funds LLC now owns 31,900 shares of the auto parts company’s stock worth $1,314,000 after acquiring an additional 1,000 shares during the period. Barclays PLC increased its stake in Strattec Security by 25.5% during the fourth quarter. Barclays PLC now owns 4,957 shares of the auto parts company’s stock valued at $204,000 after acquiring an additional 1,007 shares during the period. Finally, West Oak Capital LLC lifted its holdings in shares of 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 acquiring an additional 1,105 shares during the period. 68.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a report on Friday, February 7th.

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.