Allspring Global Investments Holdings LLC Purchases 21,376 Shares of Strattec Security Co. (NASDAQ:STRT)

Allspring Global Investments Holdings LLC grew its position in shares of Strattec Security Co. (NASDAQ:STRT) by 85.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,476 shares of the auto parts company’s stock after buying an additional 21,376 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.13% of Strattec Security worth $1,915,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. De Lisle Partners LLP increased its position in Strattec Security by 11.2% during the 3rd quarter. De Lisle Partners LLP now owns 43,094 shares of the auto parts company’s stock worth $1,830,000 after buying an additional 4,355 shares during the period. Geode Capital Management LLC increased its position in Strattec Security by 5.9% during 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 period. Factorial Partners LLC bought a new position in Strattec Security during the 3rd quarter worth $1,346,000. Empowered Funds LLC bought a new position in Strattec Security during the 4th quarter worth $687,000. Finally, Ritholtz Wealth Management bought a new position in shares of Strattec Security in the fourth quarter worth $475,000. Institutional investors own 68.91% of the company’s stock.

Strattec Security Stock Down 6.7 %

Shares of NASDAQ STRT opened at $46.96 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 2.60. Strattec Security Co. has a 52 week low of $21.05 and a 52 week high of $53.01. The stock has a market capitalization of $195.82 million, a P/E ratio of 11.74, a PEG ratio of 1.36 and a beta of 1.15. The stock’s fifty day moving average is $41.40 and its 200 day moving average is $39.27.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 7th.

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.