Schonfeld Strategic Advisors LLC Takes Position in Strattec Security Co. (NASDAQ:STRT)

Schonfeld Strategic Advisors LLC acquired a new position in Strattec Security Co. (NASDAQ:STRT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,774 shares of the auto parts company’s stock, valued at approximately $238,000.

Several other large investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of Strattec Security by 85.2% during 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 acquiring an additional 21,376 shares during the last quarter. Ritholtz Wealth Management bought a new position in Strattec Security during the fourth quarter valued at approximately $475,000. American Century Companies Inc. bought a new position in Strattec Security during the fourth quarter valued at approximately $560,000. Empowered Funds LLC purchased a new stake in Strattec Security in the fourth quarter worth approximately $687,000. Finally, Truffle Hound Capital LLC bought a new stake in Strattec Security in the 4th quarter worth approximately $5,150,000. 68.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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 Stock Up 5.0%

Strattec Security stock opened at $43.68 on Wednesday. Strattec Security Co. has a one year low of $21.05 and a one year high of $53.01. The stock has a fifty day moving average of $38.59 and a 200 day moving average of $40.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 2.60. The stock has a market cap of $182.23 million, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.37 and a beta of 1.10.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings results on Thursday, May 8th. The auto parts company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.55. Strattec Security had a net margin of 2.92% and a return on equity of 7.76%. The business had revenue of $144.08 million for the quarter, compared to analysts’ expectations of $140.84 million. As a group, sell-side analysts predict that Strattec Security Co. will post 3.67 EPS for the current year.

Insider Buying and Selling

In related news, COO Rolando Guillot sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total value of $175,350.00. Following the transaction, the chief operating officer now directly owns 36,443 shares of the company’s stock, valued at approximately $1,825,794.30. The trade was a 8.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.40% of the stock is currently owned by company insiders.

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.