15,597 Shares in Strattec Security Corporation (STRT) Acquired by Algert Global LLC
Algert Global LLC acquired a new stake in Strattec Security Corporation (NASDAQ:STRT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 15,597 shares of the auto parts company’s stock, valued at approximately $552,000.
Several other large investors also recently bought and sold shares of the company. FMR LLC raised its stake in Strattec Security Corporation by 27.3% in the first quarter. FMR LLC now owns 412,800 shares of the auto parts company’s stock valued at $11,476,000 after buying an additional 88,400 shares during the period. Russell Investments Group Ltd. bought a new stake in Strattec Security Corporation during the second quarter valued at approximately $480,000. Municipal Employees Retirement System of Michigan bought a new stake in Strattec Security Corporation during the second quarter valued at approximately $365,000. Gamco Investors INC. ET AL raised its stake in Strattec Security Corporation by 4.0% in the first quarter. Gamco Investors INC. ET AL now owns 212,800 shares of the auto parts company’s stock valued at $5,916,000 after buying an additional 8,201 shares during the period. Finally, Uniplan Investment Counsel Inc. raised its stake in Strattec Security Corporation by 2.1% in the first quarter. Uniplan Investment Counsel Inc. now owns 133,733 shares of the auto parts company’s stock valued at $3,717,000 after buying an additional 2,799 shares during the period. Hedge funds and other institutional investors own 86.85% of the company’s stock.
Shares of Strattec Security Corporation (NASDAQ STRT) opened at 31.65 on Friday. The stock has a 50 day moving average price of $35.84 and a 200 day moving average price of $31.97. Strattec Security Corporation has a 1-year low of $23.00 and a 1-year high of $48.86. The stock has a market capitalization of $113.72 million, a price-to-earnings ratio of 19.26 and a beta of 1.51.
Strattec Security Corporation (NASDAQ:STRT) last issued its earnings results on Thursday, August 10th. The auto parts company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.12. Strattec Security Corporation had a return on equity of 3.80% and a net margin of 1.44%. Equities research analysts anticipate that Strattec Security Corporation will post $2.08 EPS for the current year.
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In other Strattec Security Corporation news, VP Patrick J. Hansen sold 2,500 shares of Strattec Security Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $35.01, for a total value of $87,525.00. Following the completion of the transaction, the vice president now owns 11,561 shares of the company’s stock, valued at $404,750.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is currently owned by insiders.
Strattec Security Corporation Company Profile
Strattec Security Corporation designs, develops, manufactures and markets automotive access control products. The Company offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers.
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