Strattec Security (NASDAQ:STRT) CEO Jennifer Lynn Slater Buys 797 Shares

Strattec Security Corporation (NASDAQ:STRT) CEO Jennifer Lynn Slater bought 797 shares of the stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of $62.71 per share, for a total transaction of $49,979.87. Following the completion of the transaction, the chief executive officer directly owned 57,123 shares of the company’s stock, valued at $3,582,183.33. This trade represents a 1.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, May 13th, Jennifer Lynn Slater acquired 801 shares of Strattec Security stock. The stock was purchased at an average cost of $62.46 per share, with a total value of $50,030.46.

Strattec Security Trading Up 3.1%

Shares of STRT stock traded up $1.95 during mid-day trading on Thursday, reaching $64.40. The stock had a trading volume of 106,693 shares, compared to its average volume of 74,117. The business has a 50-day simple moving average of $76.82 and a 200 day simple moving average of $77.75. Strattec Security Corporation has a 12-month low of $47.23 and a 12-month high of $92.50. The company has a market cap of $269.13 million, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 1.03 and a beta of 1.17.

Strattec Security (NASDAQ:STRT) last announced its earnings results on Thursday, May 7th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.24). The business had revenue of $137.63 million for 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 EPS for the current year.

Institutional Investors Weigh In On Strattec Security

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in Strattec Security by 137.9% during the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock worth $91,000 after buying an additional 1,280 shares during the period. Goldman Sachs Group Inc. grew its holdings in Strattec Security by 41.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,548 shares of the auto parts company’s stock valued at $890,000 after buying an additional 6,624 shares during the period. Empowered Funds LLC increased its stake in shares of Strattec Security by 3.3% during the 1st quarter. Empowered Funds LLC now owns 17,221 shares of the auto parts company’s stock valued at $680,000 after acquiring an additional 555 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Strattec Security by 61.1% during the 1st quarter. Jane Street Group LLC now owns 15,869 shares of the auto parts company’s stock valued at $626,000 after acquiring an additional 6,019 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Strattec Security by 110.2% during the 2nd quarter. Geode Capital Management LLC now owns 90,389 shares of the auto parts company’s stock worth $5,624,000 after acquiring an additional 47,389 shares during the period. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on STRT. Freedom Capital upgraded Strattec Security from a “hold” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Strattec Security in a research note on Friday, March 27th. Wall Street Zen downgraded shares of Strattec Security from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research lowered shares of Strattec Security from a “hold” rating to a “strong sell” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Strattec Security currently has an average rating of “Moderate Buy”.

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.