FMR LLC boosted its position in Strattec Security Corporation (NASDAQ:STRT) by 27.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 412,800 shares of the auto parts company’s stock after buying an additional 88,400 shares during the period. FMR LLC owned 11.49% of Strattec Security Corporation worth $11,476,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Strattec Security Corporation by 38.9% in the first quarter. JPMorgan Chase & Co. now owns 4,328 shares of the auto parts company’s stock valued at $120,000 after buying an additional 1,211 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Strattec Security Corporation during the fourth quarter valued at $253,000. Bank of New York Mellon Corp raised its position in Strattec Security Corporation by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 24,388 shares of the auto parts company’s stock valued at $678,000 after buying an additional 1,689 shares during the last quarter. Boston Partners raised its position in Strattec Security Corporation by 2.2% in the first quarter. Boston Partners now owns 41,991 shares of the auto parts company’s stock valued at $1,167,000 after buying an additional 898 shares during the last quarter. Finally, State Street Corp raised its position in Strattec Security Corporation by 4.8% in the fourth quarter. State Street Corp now owns 46,391 shares of the auto parts company’s stock valued at $1,867,000 after buying an additional 2,108 shares during the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.
Strattec Security Corporation (NASDAQ STRT) opened at 36.35 on Thursday. The company has a market cap of $130.61 million, a price-to-earnings ratio of 22.12 and a beta of 1.51. Strattec Security Corporation has a 1-year low of $23.00 and a 1-year high of $48.86. The company’s 50-day moving average is $35.23 and its 200 day moving average is $32.03.
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In other Strattec Security Corporation news, VP Patrick J. Hansen sold 2,500 shares of Strattec Security Corporation stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $35.01, for a total value of $87,525.00. Following the transaction, the vice president now directly owns 11,561 shares of the company’s stock, valued at approximately $404,750.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is owned by insiders.
Strattec Security Corporation Company Profile
Strattec Security Corporation designs, develops, manufactures and markets automotive access control products. The Company offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers.
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