Strattec Security Co. (NASDAQ:STRT) Sees Large Drop in Short Interest

Strattec Security Co. (NASDAQ:STRT) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 14,800 shares, a decline of 19.1% from the February 13th total of 18,300 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 25,600 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

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

Strattec Security Stock Up 2.5 %

Shares of NASDAQ:STRT opened at $44.42 on Tuesday. Strattec Security has a 1 year low of $21.05 and a 1 year high of $53.01. The company has a market cap of $185.32 million, a PE ratio of 11.11, a P/E/G ratio of 1.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.60 and a quick ratio of 1.77. The stock’s 50-day moving average is $43.16 and its 200 day moving average is $40.78.

Insider Transactions at Strattec Security

In related news, COO Rolando Guillot sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total transaction of $175,350.00. Following the transaction, the chief operating officer now owns 36,443 shares in the company, valued at $1,825,794.30. The trade was a 8.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of STRT. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Strattec Security by 57.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 623 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Strattec Security during the 4th quarter worth approximately $33,000. Gabelli Funds LLC grew its holdings in shares of Strattec Security by 3.2% during the 4th 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 grew its holdings in shares of Strattec Security by 25.5% during the 4th quarter. Barclays PLC now owns 4,957 shares of the auto parts company’s stock worth $204,000 after acquiring an additional 1,007 shares during the period. Finally, West Oak Capital LLC grew 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. Hedge funds and other institutional investors own 68.91% of the company’s stock.

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.