Strattec Security Co. (NASDAQ:STRT) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC cut its position in Strattec Security Co. (NASDAQ:STRT) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,584 shares of the auto parts company’s stock after selling 645 shares during the quarter. Essex Investment Management Co. LLC owned approximately 0.14% of Strattec Security worth $230,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in STRT. Peapod Lane Capital LLC acquired a new stake in shares of Strattec Security in the fourth quarter valued at approximately $2,934,000. Allspring Global Investments Holdings LLC raised its position in Strattec Security by 85.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company’s stock valued at $1,915,000 after purchasing an additional 21,376 shares during the last quarter. De Lisle Partners LLP boosted its stake in Strattec Security by 11.2% during the 3rd quarter. De Lisle Partners LLP now owns 43,094 shares of the auto parts company’s stock worth $1,830,000 after purchasing an additional 4,355 shares during the period. Geode Capital Management LLC grew its position in Strattec Security by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 41,618 shares of the auto parts company’s stock worth $1,776,000 after purchasing an additional 2,314 shares during the last quarter. Finally, Factorial Partners LLC acquired a new position in Strattec Security in the third quarter valued at $1,346,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Strattec Security Trading Down 0.6 %

Shares of STRT stock opened at $45.21 on Monday. The company has a market capitalization of $188.62 million, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $42.77 and its two-hundred day moving average is $40.50. Strattec Security Co. has a twelve month low of $21.05 and a twelve month high of $53.01.

Insider Buying and Selling

In other news, COO Rolando Guillot sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.10, for a total transaction of $175,350.00. Following the transaction, the chief operating officer now directly owns 36,443 shares in the company, valued at $1,825,794.30. The trade was a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 6.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 7th.

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.