De Lisle Partners LLP Buys 4,355 Shares of Strattec Security Co. (NASDAQ:STRT)

De Lisle Partners LLP lifted its stake in shares of Strattec Security Co. (NASDAQ:STRT) by 11.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,094 shares of the auto parts company’s stock after purchasing an additional 4,355 shares during the quarter. De Lisle Partners LLP owned 1.05% of Strattec Security worth $1,830,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Acuitas Investments LLC bought a new position in shares of Strattec Security in the second quarter worth approximately $925,000. Perritt Capital Management Inc grew its stake in Strattec Security by 47.0% in the 2nd quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock worth $253,000 after buying an additional 3,229 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Strattec Security by 11.1% in the 2nd quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock worth $2,128,000 after buying an additional 8,500 shares during the last quarter. Marquette Asset Management LLC raised its position in shares of Strattec Security by 96.4% during the 3rd 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 in the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Strattec Security during the 3rd quarter worth $266,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Strattec Security Price Performance

Shares of Strattec Security stock opened at $41.03 on Thursday. The business’s 50-day moving average price is $39.18 and its 200-day moving average price is $32.52. The firm has a market capitalization of $168.22 million, a PE ratio of 10.41, a price-to-earnings-growth ratio of 1.51 and a beta of 1.14. Strattec Security Co. has a 12 month low of $20.87 and a 12 month high of $43.15. The company has a current ratio of 2.18, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06.

Strattec Security (NASDAQ:STRT) last posted its quarterly earnings results on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.56 by $0.36. Strattec Security had a net margin of 2.93% and a return on equity of 7.12%. The firm had revenue of $139.05 million for the quarter, compared to the consensus estimate of $139.32 million. During the same period last year, the firm posted $1.05 earnings per share. Sell-side analysts forecast that Strattec Security Co. will post 2.76 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Strattec Security 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.