JPMorgan Chase & Co. Makes New $69,000 Investment in Strattec Security Co. (NASDAQ:STRT)

JPMorgan Chase & Co. acquired a new stake in shares of Strattec Security Co. (NASDAQ:STRT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,615 shares of the auto parts company’s stock, valued at approximately $69,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. De Lisle Partners LLP grew its stake in Strattec Security by 11.2% during the third quarter. De Lisle Partners LLP now owns 43,094 shares of the auto parts company’s stock valued at $1,830,000 after acquiring an additional 4,355 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Strattec Security by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 41,618 shares of the auto parts company’s stock worth $1,776,000 after buying an additional 2,314 shares during the last quarter. Factorial Partners LLC purchased a new stake in Strattec Security during the 3rd quarter worth approximately $1,346,000. Allspring Global Investments Holdings LLC purchased a new stake in Strattec Security during the 3rd quarter worth approximately $1,071,000. Finally, Marquette Asset Management LLC lifted its stake in Strattec Security by 96.4% during the 3rd quarter. Marquette Asset Management LLC now owns 11,332 shares of the auto parts company’s stock valued at $483,000 after acquiring an additional 5,563 shares during the period. Institutional investors own 68.91% of the company’s stock.

Analyst Ratings Changes

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

Strattec Security Stock Down 0.5 %

Shares of STRT opened at $37.27 on Tuesday. The stock has a market capitalization of $152.81 million, a PE ratio of 9.46, a P/E/G ratio of 1.36 and a beta of 1.15. Strattec Security Co. has a 1 year low of $21.05 and a 1 year high of $44.26. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 2.18. The company’s 50-day simple moving average is $40.62 and its 200-day simple moving average is $37.53.

Strattec Security (NASDAQ:STRT) last announced its quarterly 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. Strattec Security had a net margin of 2.93% and a return on equity of 7.12%. The company had revenue of $139.05 million for the quarter, compared to analyst estimates of $139.32 million. During the same period in the prior year, the firm posted $1.05 earnings per share. 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.