PFG Advisors Acquires Shares of 8,504 Strattec Security Corporation $STRT

PFG Advisors acquired a new position in shares of Strattec Security Corporation (NASDAQ:STRT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,504 shares of the auto parts company’s stock, valued at approximately $579,000. PFG Advisors owned about 0.20% of Strattec Security at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in STRT. Allspring Global Investments Holdings LLC boosted its holdings in Strattec Security by 36.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 58,631 shares of the auto parts company’s stock worth $3,990,000 after purchasing an additional 15,509 shares during the last quarter. Pacer Advisors Inc. bought a new stake in Strattec Security in the 3rd quarter worth about $2,891,000. Bailard Inc. purchased a new stake in Strattec Security in the 2nd quarter valued at about $370,000. Los Angeles Capital Management LLC purchased a new stake in Strattec Security in the 2nd quarter valued at about $388,000. Finally, Gabelli Funds LLC lifted its position in shares of Strattec Security by 342.6% during the 3rd quarter. Gabelli Funds LLC now owns 138,100 shares of the auto parts company’s stock worth $9,399,000 after buying an additional 106,900 shares in the last quarter. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Freedom Capital lowered Strattec Security from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Zacks Research raised Strattec Security from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Strattec Security in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Strattec Security Stock Down 1.8%

Shares of NASDAQ:STRT opened at $77.92 on Friday. The firm has a market capitalization of $325.71 million, a PE ratio of 11.81, a P/E/G ratio of 1.27 and a beta of 1.18. Strattec Security Corporation has a twelve month low of $31.57 and a twelve month high of $92.50. The company has a 50-day moving average price of $83.56 and a two-hundred day moving average price of $75.12.

Strattec Security (NASDAQ:STRT) last posted its quarterly 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 company had revenue of $137.53 million for the quarter, compared to analyst estimates of $132.29 million. Strattec Security had a net margin of 4.63% and a return on equity of 12.33%. Analysts anticipate that Strattec Security Corporation will post 3.67 earnings per share for the current fiscal year.

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.