Strattec Security Co. (NASDAQ:STRT) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Strattec Security Co. (NASDAQ:STRT) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,618 shares of the auto parts company’s stock after purchasing an additional 2,314 shares during the period. Geode Capital Management LLC’s holdings in Strattec Security were worth $1,776,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Strattec Security in the third quarter valued at $47,000. Barclays PLC raised its stake in shares of 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 in the last quarter. Perritt Capital Management Inc lifted its position in shares of Strattec Security by 47.0% during the second quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock worth $253,000 after purchasing an additional 3,229 shares during the last quarter. De Lisle Partners LLP grew its stake in Strattec Security by 11.2% in the third quarter. De Lisle Partners LLP now owns 43,094 shares of the auto parts company’s stock worth $1,830,000 after purchasing an additional 4,355 shares in the last quarter. Finally, Marquette Asset Management LLC increased its holdings in Strattec Security by 96.4% in the third quarter. Marquette Asset Management LLC now owns 11,332 shares of the auto parts company’s stock valued at $483,000 after buying an additional 5,563 shares during the last quarter. 68.91% of the stock is owned by institutional investors and hedge funds.

Strattec Security Stock Up 2.8 %

STRT stock opened at $39.44 on Thursday. The firm has a market cap of $161.74 million, a price-to-earnings ratio of 10.01, a PEG ratio of 1.59 and a beta of 1.16. Strattec Security Co. has a 1-year low of $21.05 and a 1-year high of $44.26. The firm has a fifty day moving average price of $40.89 and a two-hundred day moving average price of $35.75. 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 for the quarter, beating analysts’ consensus estimates of $0.56 by $0.36. The business had revenue of $139.05 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $1.05 EPS. Research analysts predict that Strattec Security Co. will post 2.76 EPS for the current year.

Analysts Set New Price Targets

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

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.