Cubist Systematic Strategies LLC Cuts Stake in Strattec Security Co. (NASDAQ:STRT)

Cubist Systematic Strategies LLC reduced its stake in shares of Strattec Security Co. (NASDAQ:STRT) by 30.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,537 shares of the auto parts company’s stock after selling 1,530 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Strattec Security were worth $146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in STRT. Tower Research Capital LLC TRC purchased a new stake in Strattec Security during the 4th quarter valued at approximately $33,000. JPMorgan Chase & Co. purchased a new stake in Strattec Security during the 3rd quarter valued at approximately $69,000. Bank of America Corp DE grew its holdings in Strattec Security by 137.9% during the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock valued at $91,000 after buying an additional 1,280 shares in the last quarter. Barclays PLC grew its holdings in Strattec Security by 126.0% during the 3rd quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock valued at $169,000 after buying an additional 2,202 shares in the last quarter. Finally, Integrated Quantitative Investments LLC purchased a new position in shares of Strattec Security in the fourth quarter valued at $227,000. 68.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, COO Rolando Guillot sold 3,500 shares of the firm’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 36,443 shares in the company, valued at $1,825,794.30. This trade represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.40% of the stock is owned by corporate insiders.

Strattec Security Trading Down 3.6%

STRT stock opened at $48.28 on Monday. The firm has a fifty day moving average price of $38.85 and a 200 day moving average price of $40.92. Strattec Security Co. has a fifty-two week low of $21.05 and a fifty-two week high of $53.01. 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 firm has a market cap of $201.23 million, a PE ratio of 12.07, 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.55. The company had revenue of $144.08 million during the quarter, compared to the consensus estimate of $140.84 million. Strattec Security had a return on equity of 7.76% and a net margin of 2.92%. Sell-side analysts anticipate that Strattec Security Co. will post 3.67 earnings per share for the current fiscal year.

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.