FMR LLC raised its stake in shares of Strattec Security Corporation (NASDAQ:STRT) by 6.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 437,823 shares of the auto parts company’s stock after acquiring an additional 25,023 shares during the period. FMR LLC owned approximately 12.19% of Strattec Security Corporation worth $15,499,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Gamco Investors INC. ET AL lifted its stake in Strattec Security Corporation by 1.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 216,800 shares of the auto parts company’s stock valued at $7,675,000 after acquiring an additional 4,000 shares during the period. Uniplan Investment Counsel Inc. lifted its stake in Strattec Security Corporation by 11.2% during the 2nd quarter. Uniplan Investment Counsel Inc. now owns 148,769 shares of the auto parts company’s stock valued at $5,266,000 after acquiring an additional 15,036 shares during the period. JPMorgan Chase & Co. lifted its stake in Strattec Security Corporation by 38.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,328 shares of the auto parts company’s stock valued at $120,000 after acquiring an additional 1,211 shares during the period. Russell Investments Group Ltd. bought a new position in Strattec Security Corporation during the 2nd quarter valued at about $480,000. Finally, Legal & General Group Plc lifted its stake in Strattec Security Corporation by 266.3% during the 2nd quarter. Legal & General Group Plc now owns 3,835 shares of the auto parts company’s stock valued at $136,000 after acquiring an additional 2,788 shares during the period. Institutional investors and hedge funds own 83.00% of the company’s stock.
Separately, ValuEngine upgraded shares of Strattec Security Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd.
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Strattec Security Corporation (STRT) traded down $0.15 on Friday, reaching $43.85. 5,900 shares of the company’s stock traded hands, compared to its average volume of 19,643. The company has a quick ratio of 1.38, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The company has a market cap of $161.54, a PE ratio of 19.91 and a beta of 1.72. Strattec Security Corporation has a 1-year low of $23.00 and a 1-year high of $49.20.
Strattec Security Corporation (NASDAQ:STRT) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.12. Strattec Security Corporation had a net margin of 1.93% and a return on equity of 4.94%. The firm had revenue of $102.46 million for the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, December 14th. Strattec Security Corporation’s dividend payout ratio (DPR) is presently 25.34%.
In other Strattec Security Corporation news, CFO Patrick J. Hansen sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $45.00, for a total transaction of $90,000.00. Following the sale, the chief financial officer now owns 11,950 shares in the company, valued at approximately $537,750. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Patrick J. Hansen sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $35.40, for a total transaction of $35,400.00. Following the sale, the insider now owns 10,950 shares in the company, valued at approximately $387,630. The disclosure for this sale can be found here. Insiders sold a total of 9,100 shares of company stock worth $404,649 in the last quarter. Company insiders own 7.10% of the company’s stock.
Strattec Security Corporation 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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