Insider Buying: Strattec Security (NASDAQ:STRT) CEO Buys $50,030.46 in Stock

Strattec Security Corporation (NASDAQ:STRT) CEO Jennifer Lynn Slater acquired 801 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $62.46 per share, for a total transaction of $50,030.46. Following the acquisition, the chief executive officer directly owned 57,924 shares in the company, valued at approximately $3,617,933.04. This trade represents a 1.40% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, May 12th, Jennifer Lynn Slater acquired 797 shares of Strattec Security stock. The stock was purchased at an average price of $62.71 per share, for a total transaction of $49,979.87.

Strattec Security Trading Up 3.9%

STRT stock opened at $66.91 on Friday. The company has a market capitalization of $279.62 million, a PE ratio of 11.04, a P/E/G ratio of 1.09 and a beta of 1.17. Strattec Security Corporation has a 12-month low of $47.23 and a 12-month high of $92.50. The business’s fifty day moving average price is $76.03 and its 200 day moving average price is $77.65.

Strattec Security (NASDAQ:STRT) last posted its quarterly earnings data on Thursday, May 7th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.24). The firm had revenue of $137.63 million during the quarter, compared to analysts’ expectations of $140.35 million. Strattec Security had a net margin of 4.31% and a return on equity of 11.00%. Research analysts predict that Strattec Security Corporation will post 6.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Strattec Security

Several large investors have recently bought and sold shares of STRT. New York State Teachers Retirement System purchased a new stake in Strattec Security during the 4th quarter worth about $27,000. State of Alaska Department of Revenue purchased a new stake in Strattec Security during the 4th quarter worth about $58,000. Bank of America Corp DE increased its holdings in Strattec Security by 137.9% during the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock worth $91,000 after purchasing an additional 1,280 shares during the period. Raymond James Financial Inc. purchased a new stake in Strattec Security during the 2nd quarter worth about $92,000. Finally, New York State Common Retirement Fund purchased a new stake in Strattec Security during the 2nd quarter worth about $106,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on STRT shares. Freedom Capital upgraded Strattec Security from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Zacks Research downgraded Strattec Security from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Weiss Ratings restated a “buy (b)” rating on shares of Strattec Security in a report on Friday, March 27th. Finally, Wall Street Zen downgraded Strattec Security from a “buy” rating to a “hold” rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Strattec Security presently has a consensus rating of “Moderate Buy”.

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.