Barclays PLC Purchases 2,202 Shares of Strattec Security Co. (NASDAQ:STRT)

Barclays PLC lifted its position in shares of Strattec Security Co. (NASDAQ:STRT) by 126.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,950 shares of the auto parts company’s stock after purchasing an additional 2,202 shares during the period. Barclays PLC owned 0.10% of Strattec Security worth $169,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Strattec Security during the third quarter valued at about $47,000. Essex Investment Management Co. LLC bought a new position in shares of Strattec Security during the third quarter valued at about $266,000. Quadrature Capital Ltd bought a new position in shares of Strattec Security during the third quarter valued at about $308,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Strattec Security during the third quarter valued at about $374,000. Finally, Marquette Asset Management LLC raised its position in Strattec Security by 96.4% in the third quarter. Marquette Asset Management LLC now owns 11,332 shares of the auto parts company’s stock worth $483,000 after acquiring an additional 5,563 shares during the period. 68.91% of the stock is owned by institutional investors.

Strattec Security Stock Performance

Shares of STRT stock opened at $39.61 on Thursday. The firm has a market cap of $162.40 million, a price-to-earnings ratio of 10.05, a P/E/G ratio of 1.45 and a beta of 1.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 2.18. Strattec Security Co. has a 52 week low of $21.05 and a 52 week high of $44.26. The firm’s 50-day simple moving average is $40.96 and its two-hundred day simple moving average is $36.71.

Strattec Security (NASDAQ:STRT) last announced its quarterly earnings data on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.56 by $0.36. Strattec Security had a net margin of 2.93% and a return on equity of 7.12%. The business had revenue of $139.05 million for the quarter, compared to analyst estimates of $139.32 million. During the same quarter in the previous year, the firm posted $1.05 earnings per share. As a group, equities analysts forecast that Strattec Security Co. will post 2.76 earnings per share for the current year.

Analysts Set New Price Targets

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

About Strattec Security

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.