Quadrature Capital Ltd Boosts Stake in Strattec Security Corporation $STRT

Quadrature Capital Ltd raised its stake in shares of Strattec Security Corporation (NASDAQ:STRT) by 119.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,054 shares of the auto parts company’s stock after acquiring an additional 10,364 shares during the quarter. Quadrature Capital Ltd owned approximately 0.46% of Strattec Security worth $1,182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. XTX Topco Ltd purchased a new stake in shares of Strattec Security during the 2nd quarter worth $461,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Strattec Security during the second quarter valued at about $25,000. American Century Companies Inc. lifted its position in shares of Strattec Security by 58.9% during the second quarter. American Century Companies Inc. now owns 68,459 shares of the auto parts company’s stock valued at $4,259,000 after buying an additional 25,371 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Strattec Security by 3,274.3% in the 2nd quarter. Rhumbline Advisers now owns 5,905 shares of the auto parts company’s stock valued at $367,000 after buying an additional 5,730 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Strattec Security by 249.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,712 shares of the auto parts company’s stock worth $418,000 after buying an additional 4,794 shares during the last quarter. 68.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on STRT. Wall Street Zen upgraded shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 1st. Zacks Research upgraded Strattec Security from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Strattec Security in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Insiders Place Their Bets

In other news, VP Richard P. Messina sold 3,000 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $66.35, for a total value of $199,050.00. Following the transaction, the vice president directly owned 11,624 shares of the company’s stock, valued at approximately $771,252.40. This represents a 20.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.90% of the company’s stock.

Strattec Security Trading Down 0.2%

NASDAQ STRT opened at $75.09 on Monday. Strattec Security Corporation has a 12-month low of $31.57 and a 12-month high of $83.00. The company has a fifty day simple moving average of $67.84 and a two-hundred day simple moving average of $64.74. The company has a current ratio of 2.43, a quick ratio of 1.89 and a debt-to-equity ratio of 0.03. The stock has a market cap of $314.25 million, a P/E ratio of 16.43, a P/E/G ratio of 1.55 and a beta of 1.51.

Strattec Security (NASDAQ:STRT) last announced its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.74. The firm had revenue of $152.40 million for the quarter, compared to analyst estimates of $144.87 million. Strattec Security had a net margin of 3.31% and a return on equity of 8.95%. On average, analysts forecast that Strattec Security Corporation will post 3.67 earnings per share for the current year.

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.