Allspring Global Investments Holdings LLC Has $1.92 Million Stock Holdings in Strattec Security Co. (NASDAQ:STRT)

Allspring Global Investments Holdings LLC grew its position in shares of Strattec Security Co. (NASDAQ:STRT) by 85.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,476 shares of the auto parts company’s stock after purchasing an additional 21,376 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Strattec Security were worth $1,915,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in STRT. Factorial Partners LLC acquired a new stake in shares of Strattec Security during the third quarter valued at about $1,346,000. Empowered Funds LLC acquired a new stake in shares of Strattec Security during the fourth quarter valued at about $687,000. Ritholtz Wealth Management acquired a new position in shares of Strattec Security in the fourth quarter worth approximately $475,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Strattec Security in the third quarter worth approximately $374,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Strattec Security in the third quarter worth approximately $308,000. 68.91% of the stock is owned by institutional investors and hedge funds.

Strattec Security Price Performance

Strattec Security stock opened at $46.96 on Friday. The stock’s 50 day moving average is $41.40 and its 200 day moving average is $39.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.60 and a quick ratio of 1.77. The firm has a market cap of $195.82 million, a P/E ratio of 11.74, a P/E/G ratio of 1.36 and a beta of 1.15. Strattec Security Co. has a one year low of $21.05 and a one year high of $53.01.

Wall Street Analysts Forecast Growth

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

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.