Strattec Security Co. (NASDAQ:STRT) Major Shareholder Sells $20,890.00 in Stock

Strattec Security Co. (NASDAQ:STRT) major shareholder Gamco Investors, Inc. Et Al sold 500 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.78, for a total value of $20,890.00. Following the sale, the insider now directly owns 500 shares of the company’s stock, valued at $20,890. This represents a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Gamco Investors, Inc. Et Al also recently made the following trade(s):

• On Tuesday, November 19th, Gamco Investors, Inc. Et Al sold 200 shares of Strattec Security stock. The stock was sold at an average price of $40.50, for a total transaction of $8,100.00.
• On Thursday, September 19th, Gamco Investors, Inc. Et Al sold 200 shares of Strattec Security stock. The shares were sold at an average price of $38.71, for a total transaction of $7,742.00.

Strattec Security Trading Up 2.4 %

Shares of NASDAQ:STRT opened at $42.71 on Friday. The business’s 50 day simple moving average is $39.65 and its 200 day simple moving average is $33.32. Strattec Security Co. has a 1 year low of $20.87 and a 1 year high of $43.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.18 and a quick ratio of 1.48. The company has a market capitalization of $175.11 million, a P/E ratio of 10.84, a P/E/G ratio of 1.55 and a beta of 1.15.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings results on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.36. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. The company had revenue of $139.05 million for the quarter, compared to analysts’ expectations of $139.32 million. During the same quarter last year, the business earned $1.05 earnings per share. On average, research analysts anticipate that Strattec Security Co. will post 2.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Strattec Security

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Acuitas Investments LLC acquired a new stake in Strattec Security in the second quarter valued at about $925,000. Perritt Capital Management Inc lifted its holdings in shares of Strattec Security by 47.0% in the second quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock worth $253,000 after acquiring an additional 3,229 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Strattec Security by 11.1% in the 2nd quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock valued at $2,128,000 after purchasing an additional 8,500 shares in the last quarter. Marquette Asset Management LLC grew its holdings in shares of Strattec Security by 96.4% during the 3rd quarter. Marquette Asset Management LLC now owns 11,332 shares of the auto parts company’s stock valued at $483,000 after purchasing an additional 5,563 shares during the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in Strattec Security during the 3rd quarter worth approximately $266,000. 68.91% of the stock is currently owned by institutional investors and hedge funds.

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.