Dimensional Fund Advisors LP boosted its holdings in Strattec Security Corporation (NASDAQ:STRT) by 7.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 281,390 shares of the auto parts company’s stock after acquiring an additional 18,914 shares during the period. Dimensional Fund Advisors LP owned 7.83% of Strattec Security Corporation worth $9,961,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in STRT. FMR LLC lifted its holdings in Strattec Security Corporation by 27.3% in the first quarter. FMR LLC now owns 412,800 shares of the auto parts company’s stock valued at $11,476,000 after acquiring an additional 88,400 shares during the last quarter. Algert Global LLC acquired a new position in Strattec Security Corporation during the second quarter worth $552,000. Uniplan Investment Counsel Inc. lifted its stake in Strattec Security Corporation by 11.2% during the second quarter. Uniplan Investment Counsel Inc. now owns 148,769 shares of the auto parts company’s stock worth $5,266,000 after purchasing an additional 15,036 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Strattec Security Corporation during the second quarter worth $480,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Strattec Security Corporation during the second quarter worth $365,000. Hedge funds and other institutional investors own 83.49% of the company’s stock.
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Strattec Security Corporation (STRT) opened at $45.50 on Friday. The company has a market capitalization of $164.29, a price-to-earnings ratio of 20.25 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.43 and a current ratio of 2.02. Strattec Security Corporation has a 52 week low of $23.00 and a 52 week high of $49.20.
Strattec Security Corporation (NASDAQ:STRT) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.12. The business had revenue of $102.46 million for the quarter. Strattec Security Corporation had a return on equity of 4.86% and a net margin of 1.93%.
The business 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 1.23%. The ex-dividend date is Thursday, December 14th. Strattec Security Corporation’s payout ratio is currently 25.34%.
In other news, insider Patrick J. Hansen sold 2,900 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $45.49, for a total value of $131,921.00. Following the sale, the insider now directly owns 11,950 shares in the company, valued at $543,605.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Patrick J. Hansen sold 1,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $35.40, for a total value of $35,400.00. Following the completion of the sale, the insider now owns 10,950 shares in the company, valued at $387,630. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,100 shares of company stock worth $404,649. Insiders own 7.10% of the company’s stock.
Separately, ValuEngine upgraded Strattec Security Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd.
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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