Insider Selling: Strattec Security Co. (NASDAQ:STRT) Major Shareholder Sells $17,040.00 in Stock

Strattec Security Co. (NASDAQ:STRT) major shareholder Gamco Investors, Inc. Et Al sold 600 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $28.40, for a total transaction of $17,040.00. Following the transaction, the insider now directly owns 1,900 shares in the company, valued at $53,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Strattec Security Stock Up 2.3 %

STRT stock opened at $39.18 on Thursday. The stock’s 50 day simple moving average is $25.82 and its 200 day simple moving average is $24.95. The company has a market cap of $159.46 million, a P/E ratio of 39.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.51 and a current ratio of 2.24. Strattec Security Co. has a fifty-two week low of $20.87 and a fifty-two week high of $39.45.

Strattec Security (NASDAQ:STRT) last posted its earnings results on Thursday, August 8th. The auto parts company reported $2.39 EPS for the quarter, topping the consensus estimate of $0.38 by $2.01. The company had revenue of $143.06 million during the quarter, compared to the consensus estimate of $141.51 million. Strattec Security had a net margin of 3.03% and a return on equity of 7.49%. On average, research analysts expect that Strattec Security Co. will post 1.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Strattec Security

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC boosted its stake in Strattec Security by 11.1% in the second quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock valued at $2,128,000 after acquiring an additional 8,500 shares during the last quarter. Perritt Capital Management Inc raised its holdings in shares of 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 purchasing an additional 3,229 shares during the period. Acuitas Investments LLC purchased a new position in Strattec Security in the second quarter valued at approximately $925,000. Gabelli Funds LLC lifted its stake in Strattec Security by 9.2% in the first quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company’s stock valued at $873,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in Strattec Security by 2.2% during the first quarter. Gamco Investors INC. ET AL now owns 749,115 shares of the auto parts company’s stock valued at $17,776,000 after purchasing an additional 16,225 shares during the period. 68.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Strattec Security from a “strong-buy” rating to a “buy” rating in a report on Friday, August 2nd.

Strattec Security Company 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.