Jennifer Lynn Slater Purchases 797 Shares of Strattec Security (NASDAQ:STRT) Stock

Strattec Security Corporation (NASDAQ:STRT) CEO Jennifer Lynn Slater purchased 797 shares of the stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $62.71 per share, with a total value of $49,979.87. Following the transaction, the chief executive officer owned 57,123 shares of the company’s stock, valued at $3,582,183.33. This trade represents a 1.41% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, May 13th, Jennifer Lynn Slater acquired 801 shares of Strattec Security stock. The stock was purchased at an average price of $62.46 per share, for a total transaction of $50,030.46.

Strattec Security Stock Up 3.1%

Shares of NASDAQ STRT traded up $1.95 during midday trading on Thursday, hitting $64.40. The stock had a trading volume of 106,693 shares, compared to its average volume of 74,117. Strattec Security Corporation has a 1-year low of $47.23 and a 1-year high of $92.50. The company has a market capitalization of $269.13 million, a price-to-earnings ratio of 10.63, a PEG ratio of 1.03 and a beta of 1.17. The company has a fifty day moving average price of $76.82 and a 200 day moving average price of $77.75.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Thursday, May 7th. The auto parts company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.24). Strattec Security had a net margin of 4.31% and a return on equity of 11.00%. The business had revenue of $137.63 million during the quarter, compared to analysts’ expectations of $140.35 million. On average, research analysts forecast that Strattec Security Corporation will post 6.12 EPS for the current year.

Analysts Set New Price Targets

STRT has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Strattec Security from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Strattec Security in a research report on Friday, March 27th. Zacks Research cut Strattec Security from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Freedom Capital raised shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On Strattec Security

A number of hedge funds have recently added to or reduced their stakes in STRT. Arrowstreet Capital Limited Partnership grew its position in shares of Strattec Security by 68.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 8,817 shares of the auto parts company’s stock worth $691,000 after acquiring an additional 3,591 shares during the last quarter. Sei Investments Co. boosted its position in Strattec Security by 100.0% during the 1st quarter. Sei Investments Co. now owns 17,682 shares of the auto parts company’s stock worth $1,385,000 after acquiring an additional 8,841 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Strattec Security by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 248,136 shares of the auto parts company’s stock worth $19,438,000 after purchasing an additional 8,542 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Strattec Security in the first quarter worth $368,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Strattec Security by 44.6% during the first quarter. Hsbc Holdings PLC now owns 4,922 shares of the auto parts company’s stock valued at $383,000 after purchasing an additional 1,518 shares during the period. 68.91% of the stock is currently owned by institutional investors.

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.