Quadrature Capital Ltd Makes New Investment in Strattec Security Co. (NASDAQ:STRT)

Quadrature Capital Ltd bought a new stake in Strattec Security Co. (NASDAQ:STRT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,246 shares of the auto parts company’s stock, valued at approximately $308,000. Quadrature Capital Ltd owned 0.18% of Strattec Security at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Strattec Security during the 3rd quarter valued at about $47,000. Essex Investment Management Co. LLC purchased a new position in shares of Strattec Security during the third quarter valued at approximately $266,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Strattec Security in the third quarter worth approximately $374,000. Perritt Capital Management Inc lifted its stake in shares of Strattec Security by 47.0% during the 2nd 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. Finally, Marquette Asset Management LLC boosted its holdings in 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 acquiring an additional 5,563 shares during the period. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Analysts Set New Price Targets

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

Strattec Security Price Performance

Strattec Security stock opened at $41.84 on Wednesday. The stock has a market cap of $171.54 million, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. The firm has a 50-day moving average of $39.64 and a two-hundred day moving average of $33.54. Strattec Security Co. has a 1 year low of $20.87 and a 1 year high of $43.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.18 and a quick ratio of 1.48.

Strattec Security (NASDAQ:STRT) last announced its quarterly earnings data on Monday, November 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the firm earned $1.05 earnings per share. On average, research analysts forecast that Strattec Security Co. will post 2.76 earnings per share for the current year.

Strattec Security 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.