Strattec Security Co. (NASDAQ:STRT) Sees Large Decline in Short Interest

Strattec Security Co. (NASDAQ:STRT - Get Free Report) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 14,800 shares, a decrease of 19.1% from the February 13th total of 18,300 shares. Approximately 0.4% of the company's stock are short sold. Based on an average daily volume of 25,600 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Strattec Security from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 7th.

Insiders Place Their Bets

In related news, COO Rolando Guillot sold 3,500 shares of Strattec Security stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total value of $175,350.00. Following the completion of the sale, the chief operating officer now owns 36,443 shares of the company's stock, valued at approximately $1,825,794.30. This trade represents a 8.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.40% of the stock is currently owned by insiders.

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Institutional Trading of Strattec Security

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of Strattec Security by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 234,260 shares of the auto parts company's stock worth $9,652,000 after purchasing an additional 7,880 shares during the last quarter. Truffle Hound Capital LLC acquired a new position in shares of Strattec Security in the 4th quarter valued at $5,150,000. Renaissance Technologies LLC increased its holdings in Strattec Security by 4.2% in the 4th quarter. Renaissance Technologies LLC now owns 100,906 shares of the auto parts company's stock worth $4,157,000 after buying an additional 4,100 shares during the period. Peapod Lane Capital LLC acquired a new position in Strattec Security during the fourth quarter valued at $2,934,000. Finally, Allspring Global Investments Holdings LLC raised its position in Strattec Security by 85.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company's stock valued at $1,915,000 after acquiring an additional 21,376 shares in the last quarter. 68.91% of the stock is currently owned by institutional investors.

Strattec Security Trading Down 2.0 %

STRT stock traded down $0.87 during trading on Friday, reaching $42.67. The company had a trading volume of 11,408 shares, compared to its average volume of 19,410. The company has a market cap of $178.02 million, a P/E ratio of 10.67, a PEG ratio of 1.37 and a beta of 1.12. The business has a 50 day moving average of $43.43 and a 200 day moving average of $40.88. Strattec Security has a 52 week low of $21.05 and a 52 week high of $53.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.60 and a quick ratio of 1.77.

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.