XTX Topco Ltd Buys New Shares in Strattec Security Corporation $STRT

XTX Topco Ltd bought a new position in shares of Strattec Security Corporation (NASDAQ:STRT) during the 2nd quarter, Holdings Channel.com reports. The firm bought 7,406 shares of the auto parts company’s stock, valued at approximately $461,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STRT. Ameritas Investment Partners Inc. acquired a new position in shares of Strattec Security during the 2nd quarter valued at about $25,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Strattec Security in the second quarter valued at approximately $50,000. Russell Investments Group Ltd. purchased a new stake in Strattec Security in the first quarter valued at approximately $91,000. Bank of America Corp DE increased its position in Strattec Security by 137.9% during the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock worth $91,000 after purchasing an additional 1,280 shares during the last quarter. Finally, First Business Financial Services Inc. purchased a new position in Strattec Security during the second quarter worth approximately $224,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on STRT shares. Zacks Research raised shares of Strattec Security from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Wall Street Zen upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a report on Monday, September 1st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Strattec Security in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Strattec Security presently has an average rating of “Moderate Buy”.

Strattec Security Trading Down 0.5%

Shares of STRT opened at $78.80 on Friday. Strattec Security Corporation has a 1-year low of $31.57 and a 1-year high of $83.00. The stock has a market capitalization of $330.17 million, a P/E ratio of 13.78, a P/E/G ratio of 1.51 and a beta of 1.18. The business’s 50-day moving average price is $68.89 and its 200 day moving average price is $65.52.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Thursday, October 30th. The auto parts company reported $2.22 EPS for the quarter, topping the consensus estimate of $1.48 by $0.74. Strattec Security had a return on equity of 10.94% and a net margin of 4.06%.The business had revenue of $152.40 million during the quarter, compared to analysts’ expectations of $144.87 million. On average, research analysts predict that Strattec Security Corporation will post 3.67 earnings per share for the current year.

Insider Activity

In related news, VP Richard P. Messina sold 3,000 shares of Strattec Security stock in a transaction on Monday, November 17th. The stock was sold at an average price of $66.35, for a total transaction of $199,050.00. Following the completion of the sale, the vice president owned 11,624 shares of the company’s stock, valued at approximately $771,252.40. This trade represents a 20.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.90% of the company’s stock.

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.