FMR LLC raised its stake in Strattec Security Corporation (NASDAQ:STRT) by 27.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 412,800 shares of the auto parts company’s stock after buying an additional 88,400 shares during the period. FMR LLC owned approximately 11.49% of Strattec Security Corporation worth $11,476,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Strattec Security Corporation by 12.6% in the fourth quarter. Renaissance Technologies LLC now owns 105,271 shares of the auto parts company’s stock worth $4,242,000 after buying an additional 11,806 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Strattec Security Corporation by 4.0% in the first quarter. Gamco Investors INC. ET AL now owns 212,800 shares of the auto parts company’s stock valued at $5,916,000 after buying an additional 8,201 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Strattec Security Corporation during the fourth quarter valued at about $253,000. State Street Corp increased 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. Finally, Bank of New York Mellon Corp increased 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 in the last quarter. 86.85% of the stock is owned by institutional investors.
Strattec Security Corporation (NASDAQ:STRT) traded down 8.13% during trading on Thursday, hitting $31.65. 18,924 shares of the stock traded hands. The stock has a market cap of $113.72 million, a P/E ratio of 19.26 and a beta of 1.51. The company’s 50 day moving average price is $35.84 and its 200-day moving average price is $31.97. Strattec Security Corporation has a 52-week low of $23.00 and a 52-week high of $48.86.
Strattec Security Corporation (NASDAQ:STRT) last posted its earnings results on Thursday, August 10th. The auto parts company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.12. Strattec Security Corporation had a return on equity of 3.80% and a net margin of 1.44%. Equities research analysts forecast that Strattec Security Corporation will post $2.08 earnings per share for the current fiscal year.
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 document filed with the SEC, which is accessible through this link. Insiders own 6.80% of the company’s stock.
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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