Strattec Security Co. (NASDAQ:STRT) Short Interest Up 31.8% in December

Strattec Security Co. (NASDAQ:STRT) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 8,700 shares, a growth of 31.8% from the December 15th total of 6,600 shares. Based on an average trading volume of 18,200 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Strattec Security Trading Down 0.2 %

NASDAQ STRT traded down $0.07 during trading on Thursday, hitting $39.69. The stock had a trading volume of 12,273 shares, compared to its average volume of 15,967. Strattec Security has a one year low of $21.05 and a one year high of $44.26. The stock has a 50 day simple moving average of $41.04 and a 200 day simple moving average of $36.21. The stock has a market capitalization of $162.77 million, a price-to-earnings ratio of 10.07, a P/E/G ratio of 1.38 and a beta of 1.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 2.18.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings results on Monday, November 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.36. The firm had revenue of $139.05 million during the quarter, compared to analyst estimates of $139.32 million. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. During the same period last year, the company earned $1.05 EPS. Sell-side analysts predict that Strattec Security will post 2.76 earnings per share for the current year.

Institutional Trading of Strattec Security

Several institutional investors and hedge funds have recently made changes to their positions in the business. Factorial Partners LLC bought a new position in shares of Strattec Security in the third quarter worth about $1,346,000. Allspring Global Investments Holdings LLC purchased a new stake in Strattec Security in the 3rd quarter valued at about $1,071,000. Ritholtz Wealth Management bought a new position in Strattec Security in the 4th quarter worth about $475,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Strattec Security during the third quarter worth approximately $374,000. Finally, Renaissance Technologies LLC raised its stake in shares of Strattec Security by 11.1% during the second quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock valued at $2,128,000 after acquiring an additional 8,500 shares in the last quarter. 68.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Strattec Security from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

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.