Geode Capital Management LLC Grows Position in Strattec Security Co. (NASDAQ:STRT)

Geode Capital Management LLC boosted its stake in shares of Strattec Security Co. (NASDAQ:STRT) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,618 shares of the auto parts company’s stock after purchasing an additional 2,314 shares during the period. Geode Capital Management LLC owned approximately 1.02% of Strattec Security worth $1,776,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Perritt Capital Management Inc boosted its holdings in Strattec Security by 47.0% in the second quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock valued at $253,000 after acquiring an additional 3,229 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Strattec Security by 11.1% in the 2nd quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock worth $2,128,000 after purchasing an additional 8,500 shares during the period. Marquette Asset Management LLC lifted its stake in shares of Strattec Security by 96.4% in the 3rd quarter. Marquette Asset Management LLC now owns 11,332 shares of the auto parts company’s stock valued at $483,000 after purchasing an additional 5,563 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Strattec Security during the 3rd quarter worth about $266,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Strattec Security in the third quarter valued at approximately $1,071,000. Institutional investors and hedge funds own 68.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Strattec Security from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

Strattec Security Stock Up 2.8 %

Shares of Strattec Security stock opened at $39.44 on Thursday. The company has a fifty day moving average price of $40.89 and a 200 day moving average price of $35.75. The company has a current ratio of 2.18, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. Strattec Security Co. has a twelve month low of $21.05 and a twelve month high of $44.26. The stock has a market cap of $161.74 million, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16.

Strattec Security (NASDAQ:STRT) last announced its earnings results on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.56 by $0.36. The business had revenue of $139.05 million for the quarter, compared to the consensus estimate of $139.32 million. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. During the same period last year, the business posted $1.05 EPS. Equities research analysts forecast that Strattec Security Co. will post 2.76 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.