Strattec Security Co. (NASDAQ:STRT) Short Interest Down 19.1% in February

Strattec Security Co. (NASDAQ:STRT) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 14,800 shares, a decline of 19.1% from the February 13th total of 18,300 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 25,600 shares, the short-interest ratio is currently 0.6 days.

Analyst Ratings Changes

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

Strattec Security Trading Down 1.6 %

NASDAQ STRT opened at $43.70 on Wednesday. Strattec Security has a 1 year low of $21.05 and a 1 year 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. The company has a fifty day moving average of $43.26 and a 200 day moving average of $40.84. The company has a market capitalization of $182.32 million, a PE ratio of 10.93, a P/E/G ratio of 1.37 and a beta of 1.12.

Insider Activity at Strattec Security

In related news, COO Rolando Guillot sold 3,500 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.10, for a total transaction of $175,350.00. Following the completion of the transaction, the chief operating officer now directly owns 36,443 shares in the company, valued at $1,825,794.30. The trade was a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. increased its holdings in Strattec Security by 57.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company’s stock valued at $71,000 after buying an additional 623 shares in the last quarter. Millennium Management LLC increased its holdings in Strattec Security by 143.8% in the fourth quarter. Millennium Management LLC now owns 29,597 shares of the auto parts company’s stock valued at $1,219,000 after buying an additional 17,459 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in Strattec Security by 42.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 39,978 shares of the auto parts company’s stock valued at $1,647,000 after buying an additional 11,850 shares in the last quarter. Bank of America Corp DE increased 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 in the last quarter. Finally, 683 Capital Management LLC purchased a new position in Strattec Security in the fourth quarter valued at $351,000. 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.