Strattec Security Co. (NASDAQ:STRT) Shares Acquired by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC increased its stake in shares of Strattec Security Co. (NASDAQ:STRT) by 42.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 39,978 shares of the auto parts company’s stock after purchasing an additional 11,850 shares during the period. Bridgeway Capital Management LLC’s holdings in Strattec Security were worth $1,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in Strattec Security during the 4th quarter worth $33,000. West Oak Capital LLC raised its holdings in Strattec Security by 5,525.0% during the fourth quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 1,105 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Strattec Security in the third quarter valued at about $69,000. Bank of America Corp DE boosted its holdings in Strattec Security by 137.9% in the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock valued at $91,000 after purchasing an additional 1,280 shares in the last quarter. Finally, Barclays PLC increased its position in Strattec Security by 126.0% during the 3rd quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock worth $169,000 after purchasing an additional 2,202 shares during the period. 68.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Strattec Security from a “buy” rating to a “strong-buy” rating in a report on Friday, February 7th.

Insider Activity at Strattec Security

In other Strattec Security news, COO Rolando Guillot sold 3,500 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total value of $175,350.00. Following the sale, the chief operating officer now owns 36,443 shares of the company’s stock, valued at approximately $1,825,794.30. This represents a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.40% of the stock is currently owned by company insiders.

Strattec Security Stock Performance

NASDAQ:STRT opened at $40.28 on Friday. The firm’s fifty day simple moving average is $38.74 and its 200-day simple moving average is $40.63. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.06. The stock has a market cap of $168.05 million, a PE ratio of 10.07, a price-to-earnings-growth ratio of 1.37 and a beta of 1.10. Strattec Security Co. has a fifty-two week low of $21.05 and a fifty-two week high of $53.01.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Thursday, May 8th. The auto parts company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.55. The company had revenue of $144.08 million during the quarter, compared to analysts’ expectations of $140.84 million. Strattec Security had a net margin of 2.92% and a return on equity of 7.76%. Analysts expect that Strattec Security Co. will post 3.67 earnings per share for the current fiscal year.

About Strattec Security

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.