Strattec Security (NASDAQ:STRT) Director Frederic Jack Liebau, Jr. Purchases 1,000 Shares of Stock

Strattec Security Corporation (NASDAQ:STRT) Director Frederic Jack Liebau, Jr. purchased 1,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of $61.37 per share, for a total transaction of $61,370.00. Following the transaction, the director directly owned 7,748 shares of the company’s stock, valued at $475,494.76. This represents a 14.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Strattec Security Price Performance

Strattec Security stock opened at $64.40 on Friday. The stock has a market capitalization of $269.19 million, a PE ratio of 10.63, a price-to-earnings-growth ratio of 1.02 and a beta of 1.17. The business has a 50 day simple moving average of $76.40 and a 200-day simple moving average of $77.73. Strattec Security Corporation has a 12 month low of $47.23 and a 12 month high of $92.50.

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). Strattec Security had a net margin of 4.31% and a return on equity of 11.00%. The business had revenue of $137.63 million for the quarter, compared to analysts’ expectations of $140.35 million. On average, equities research analysts anticipate that Strattec Security Corporation will post 6.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on STRT. Freedom Capital upgraded Strattec Security from a “hold” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Strattec Security in a research note on Friday, March 27th. Zacks Research lowered Strattec Security from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, Wall Street Zen cut shares of Strattec Security from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd lifted its position in Strattec Security by 1.1% during the fourth quarter. WINTON GROUP Ltd now owns 11,507 shares of the auto parts company’s stock worth $876,000 after buying an additional 122 shares in the last quarter. Deutsche Bank AG grew its holdings in Strattec Security by 6.3% in the 4th quarter. Deutsche Bank AG now owns 2,907 shares of the auto parts company’s stock valued at $221,000 after buying an additional 172 shares in the last quarter. Bailard Inc. increased its stake in shares of Strattec Security by 5.0% in the 4th quarter. Bailard Inc. now owns 4,200 shares of the auto parts company’s stock worth $320,000 after acquiring an additional 200 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Strattec Security by 3.8% during the 3rd quarter. NewEdge Advisors LLC now owns 5,652 shares of the auto parts company’s stock worth $385,000 after acquiring an additional 207 shares during the period. Finally, New York State Teachers Retirement System purchased a new position in shares of Strattec Security during the 4th quarter worth $27,000. 68.91% of the stock is currently owned by institutional investors and hedge funds.

About Strattec Security

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.