Teton Advisors LLC Sells 9,500 Shares of Strattec Security Corporation $STRT

Teton Advisors LLC cut its holdings in Strattec Security Corporation (NASDAQ:STRT) by 26.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,000 shares of the auto parts company’s stock after selling 9,500 shares during the period. Strattec Security comprises 1.4% of Teton Advisors LLC’s holdings, making the stock its 20th largest holding. Teton Advisors LLC owned approximately 0.62% of Strattec Security worth $1,980,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. New York State Teachers Retirement System purchased a new position in Strattec Security in the fourth quarter worth about $27,000. State of Alaska Department of Revenue bought a new stake in shares of Strattec Security in the 4th quarter valued at approximately $58,000. Bank of America Corp DE boosted its holdings in shares of 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 worth $91,000 after purchasing an additional 1,280 shares during the period. Raymond James Financial Inc. bought a new position in shares of Strattec Security during the 2nd quarter valued at approximately $92,000. Finally, New York State Common Retirement Fund bought a new position in shares of Strattec Security during the 2nd quarter valued at approximately $106,000. 68.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Strattec Security

In related news, CEO Jennifer Lynn Slater purchased 801 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $62.46 per share, with a total value of $50,030.46. Following the completion of the purchase, the chief executive officer owned 57,924 shares of the company’s stock, valued at approximately $3,617,933.04. The trade was a 1.40% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Matthew Pauli purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $62.53 per share, with a total value of $125,060.00. Following the acquisition, the chief financial officer directly owned 2,000 shares of the company’s stock, valued at $125,060. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 4,598 shares of company stock valued at $286,440 in the last three months. Company insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

STRT has been the subject of a number of analyst reports. Wall Street Zen downgraded Strattec Security from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reissued a “buy (b)” rating on shares of Strattec Security in a research note on Friday, March 27th. Freedom Capital raised shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Zacks Research downgraded shares of Strattec Security from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Strattec Security currently has a consensus rating of “Moderate Buy”.

Strattec Security Price Performance

Shares of Strattec Security stock opened at $66.91 on Monday. The stock’s fifty day moving average is $76.03 and its two-hundred day moving average is $77.73. Strattec Security Corporation has a 52 week low of $47.23 and a 52 week high of $92.50. The company has a market capitalization of $279.68 million, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.09 and a beta of 1.17.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Thursday, May 7th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.24). The company had revenue of $137.63 million for the quarter, compared to analysts’ expectations of $140.35 million. Strattec Security had a net margin of 4.31% and a return on equity of 11.00%. As a group, research analysts anticipate that Strattec Security Corporation will post 6.12 earnings per share for the current year.

About Strattec Security

Strattec Security Corporation is a Wisconsin‐based designer and manufacturer of mechanical and electronic locking systems for the global automotive market. Established more than five decades ago, the company supplies original equipment manufacturers (OEMs) and the aftermarket with a broad portfolio of lock and key solutions tailored to passenger cars, light trucks and commercial vehicles.

The company’s product range includes mechanical locking systems such as door lock cylinders, ignition lock modules, key blanks and door handles, as well as electromechanical and keyless‐entry systems.