Strattec Security (NASDAQ:STRT) CEO Buys $49,979.87 in Stock

Strattec Security Corporation (NASDAQ:STRT) CEO Jennifer Lynn Slater bought 797 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average cost of $62.71 per share, with a total value of $49,979.87. Following the transaction, the chief executive officer directly owned 57,123 shares of the company’s stock, valued at approximately $3,582,183.33. This trade represents a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

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

Strattec Security Price Performance

Shares of NASDAQ STRT opened at $66.91 on Friday. Strattec Security Corporation has a 1-year low of $47.23 and a 1-year high of $92.50. The business has a 50-day moving average of $76.03 and a 200-day moving average of $77.65. The company has a market capitalization of $279.62 million, a price-to-earnings ratio of 11.04, a PEG ratio of 1.09 and a beta of 1.17.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of STRT. Bank of America Corp DE lifted its stake in shares of Strattec Security by 137.9% in the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock worth $91,000 after acquiring an additional 1,280 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Strattec Security by 41.6% in the first quarter. Goldman Sachs Group Inc. now owns 22,548 shares of the auto parts company’s stock worth $890,000 after acquiring an additional 6,624 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Strattec Security by 3.3% in the first quarter. Empowered Funds LLC now owns 17,221 shares of the auto parts company’s stock worth $680,000 after acquiring an additional 555 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Strattec Security by 61.1% in the first quarter. Jane Street Group LLC now owns 15,869 shares of the auto parts company’s stock worth $626,000 after acquiring an additional 6,019 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Strattec Security by 110.2% in the second 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 in the last quarter. Institutional investors and hedge funds own 68.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on STRT shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Strattec Security in a research report on Friday, March 27th. Freedom Capital raised Strattec Security from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Zacks Research downgraded Strattec Security from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen downgraded Strattec Security from a “buy” rating to a “hold” rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, 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.