Strattec Security Co. (NASDAQ:STRT) Short Interest Update

Strattec Security Co. (NASDAQ:STRT - Get Free Report) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 6,600 shares, a decline of 24.1% from the October 15th total of 8,700 shares. Based on an average trading volume of 20,500 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company's shares are sold short.

Strattec Security Trading Down 0.8 %

STRT stock traded down $0.33 during mid-day trading on Friday, reaching $40.64. 12,299 shares of the stock traded hands, compared to its average volume of 14,351. Strattec Security has a one year low of $20.87 and a one year high of $43.15. The stock has a market capitalization of $166.62 million, a PE ratio of 10.55, a PEG ratio of 1.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 2.18. The business has a 50-day moving average price of $38.40 and a two-hundred day moving average price of $31.31.

Strattec Security (NASDAQ:STRT - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The auto parts company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.36. The company had revenue of $139.05 million for the quarter, compared to analyst estimates of $139.32 million. Strattec Security had a net margin of 2.93% and a return on equity of 7.12%. During the same period in the prior year, the company posted $1.05 EPS. Equities research analysts expect that Strattec Security will post 2.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Strattec Security from a "hold" rating to a "buy" rating in a report on Thursday.

Hedge Funds Weigh In On Strattec Security

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new stake in Strattec Security in the third quarter worth $1,071,000. Gabelli Funds LLC lifted its holdings in Strattec Security by 9.2% during the 1st quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company's stock valued at $873,000 after buying an additional 3,100 shares in the last quarter. Marquette Asset Management LLC boosted its position in Strattec Security by 96.4% in the 3rd quarter. Marquette Asset Management LLC now owns 11,332 shares of the auto parts company's stock valued at $483,000 after buying an additional 5,563 shares during the period. Renaissance Technologies LLC grew its stake in Strattec Security by 11.1% in the 2nd quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company's stock worth $2,128,000 after acquiring an additional 8,500 shares in the last quarter. Finally, Acuitas Investments LLC purchased a new position in shares of Strattec Security during the second quarter worth approximately $925,000. 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.