Teton Advisors LLC Takes $2.42 Million Position in Strattec Security Corporation $STRT

Teton Advisors LLC bought a new stake in shares of Strattec Security Corporation (NASDAQ:STRT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 35,500 shares of the auto parts company’s stock, valued at approximately $2,416,000. Strattec Security comprises about 1.5% of Teton Advisors LLC’s investment portfolio, making the stock its 16th largest holding. Teton Advisors LLC owned about 0.85% of Strattec Security as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in STRT. Geode Capital Management LLC boosted its position in Strattec Security by 110.2% during the second quarter. Geode Capital Management LLC now owns 90,389 shares of the auto parts company’s stock valued at $5,624,000 after buying an additional 47,389 shares during the period. Invesco Ltd. purchased a new position in shares of Strattec Security in the second quarter worth about $2,831,000. Pacer Advisors Inc. bought a new stake in shares of Strattec Security in the 3rd quarter valued at about $2,891,000. Ameriprise Financial Inc. bought a new stake in shares of Strattec Security in the 2nd quarter valued at about $1,806,000. Finally, American Century Companies Inc. boosted its holdings in Strattec Security by 58.9% during the 2nd quarter. American Century Companies Inc. now owns 68,459 shares of the auto parts company’s stock valued at $4,259,000 after acquiring an additional 25,371 shares during the period. 68.91% of the stock is owned by institutional investors.

Strattec Security Stock Performance

NASDAQ STRT opened at $80.45 on Friday. The stock has a market cap of $336.28 million, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 1.32 and a beta of 1.18. Strattec Security Corporation has a fifty-two week low of $31.57 and a fifty-two week high of $92.50. The stock has a 50 day simple moving average of $83.40 and a two-hundred day simple moving average of $74.79.

Strattec Security (NASDAQ:STRT) last posted its earnings results on Thursday, February 5th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.78. The firm had revenue of $137.53 million for the quarter, compared to analysts’ expectations of $132.29 million. Strattec Security had a return on equity of 12.33% and a net margin of 4.63%. Sell-side analysts predict that Strattec Security Corporation will post 3.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on STRT. Wall Street Zen raised Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Strattec Security in a research note on Monday, December 29th. Zacks Research upgraded shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Finally, Freedom Capital downgraded shares of Strattec Security from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Strattec Security Company Profile

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.