Jennifer Lynn Slater Buys 801 Shares of Strattec Security (NASDAQ:STRT) Stock

Strattec Security Corporation (NASDAQ:STRT) CEO Jennifer Lynn Slater bought 801 shares of Strattec Security stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $62.46 per share, for a total transaction of $50,030.46. Following the completion of the acquisition, the chief executive officer owned 57,924 shares in the company, valued at $3,617,933.04. This represents a 1.40% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, May 12th, Jennifer Lynn Slater bought 797 shares of Strattec Security stock. The stock was purchased at an average price of $62.71 per share, for a total transaction of $49,979.87.

Strattec Security Trading Up 3.9%

NASDAQ:STRT opened at $66.91 on Friday. The firm has a market cap of $279.68 million, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 1.05 and a beta of 1.17. The company’s 50-day moving average is $76.03 and its two-hundred day moving average is $77.65. Strattec Security Corporation has a 12-month low of $47.23 and a 12-month high of $92.50.

Strattec Security (NASDAQ:STRT) last released 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 firm had revenue of $137.63 million during the quarter, compared to analysts’ expectations of $140.35 million. Strattec Security had a net margin of 4.31% and a return on equity of 11.00%. On average, equities research analysts forecast that Strattec Security Corporation will post 6.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of STRT. New York State Teachers Retirement System purchased a new position in Strattec Security in the fourth quarter valued at approximately $27,000. State of Alaska Department of Revenue purchased a new position in Strattec Security in the fourth quarter valued at approximately $58,000. Bank of America Corp DE raised its holdings in 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 valued at $91,000 after buying an additional 1,280 shares during the period. Raymond James Financial Inc. purchased a new position in Strattec Security in the second quarter valued at approximately $92,000. Finally, New York State Common Retirement Fund purchased a new position in Strattec Security in the second quarter valued at approximately $106,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on STRT. Freedom Capital upgraded shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Zacks Research lowered shares of Strattec Security from a “hold” rating to a “strong sell” rating in a report on Tuesday. Wall Street Zen lowered shares of Strattec Security from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Strattec Security in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.