Strattec Security Co. (NASDAQ:STRT) Short Interest Up 23.6% in November

Strattec Security Co. (NASDAQ:STRT) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 6,800 shares, a growth of 23.6% from the November 15th total of 5,500 shares. Based on an average daily volume of 19,100 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Strattec Security from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Barclays PLC increased its holdings in Strattec Security by 126.0% in the 3rd quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock valued at $169,000 after purchasing an additional 2,202 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Strattec Security by 5.9% during the third quarter. Geode Capital Management LLC now owns 41,618 shares of the auto parts company’s stock worth $1,776,000 after buying an additional 2,314 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Strattec Security in the third quarter valued at $308,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Strattec Security in the 3rd quarter valued at $47,000. Finally, De Lisle Partners LLP lifted its stake in Strattec Security by 11.2% during the 3rd quarter. De Lisle Partners LLP now owns 43,094 shares of the auto parts company’s stock worth $1,830,000 after acquiring an additional 4,355 shares in the last quarter. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Strattec Security Price Performance

Shares of Strattec Security stock traded up $2.15 on Friday, hitting $43.97. The company’s stock had a trading volume of 18,642 shares, compared to its average volume of 20,208. The company has a market capitalization of $180.28 million, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.59 and a beta of 1.15. The firm has a fifty day moving average price of $39.90 and a 200-day moving average price of $33.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 2.18. Strattec Security has a 1 year low of $21.05 and a 1 year high of $43.97.

Strattec Security (NASDAQ:STRT) last announced its earnings results on Monday, November 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.36. The business 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 quarter last year, the business earned $1.05 earnings per share. As a group, sell-side analysts anticipate that Strattec Security will post 2.76 earnings per share for the current fiscal year.

About Strattec Security

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.