Marquette Asset Management LLC Boosts Stake in Strattec Security Co. (NASDAQ:STRT)

Marquette Asset Management LLC lifted its holdings in shares of Strattec Security Co. (NASDAQ:STRT) by 96.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,332 shares of the auto parts company’s stock after buying an additional 5,563 shares during the period. Marquette Asset Management LLC owned approximately 0.28% of Strattec Security worth $483,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Perritt Capital Management Inc lifted its stake in Strattec Security by 47.0% during the 2nd 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 period. Central Pacific Bank Trust Division purchased a new stake in Strattec Security in the first quarter worth approximately $325,000. Gabelli Funds LLC grew its position in Strattec Security by 9.2% in the 1st quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company’s stock worth $873,000 after purchasing an additional 3,100 shares during the period. Acuitas Investments LLC purchased a new stake in Strattec Security during the 2nd quarter valued at $925,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Strattec Security by 11.1% during the 2nd quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock valued at $2,128,000 after buying an additional 8,500 shares during the period. 68.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Strattec Security

In other Strattec Security news, VP Richard P. Messina sold 1,270 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $38.78, for a total transaction of $49,250.60. Following the sale, the vice president now owns 11,930 shares in the company, valued at approximately $462,645.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 2,070 shares of company stock valued at $74,033. Company insiders own 6.93% of the company’s stock.

Strattec Security Trading Down 1.2 %

Strattec Security stock opened at $38.45 on Wednesday. Strattec Security Co. has a 52-week low of $20.87 and a 52-week high of $43.15. The company has a market cap of $157.65 million, a P/E ratio of 38.84, a P/E/G ratio of 1.90 and a beta of 1.13. The company has a quick ratio of 1.46, a current ratio of 2.15 and a debt-to-equity ratio of 0.06. The business has a 50-day simple moving average of $35.39 and a two-hundred day simple moving average of $28.41.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings data on Thursday, August 8th. The auto parts company reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $2.01. Strattec Security had a net margin of 3.03% and a return on equity of 7.43%. The firm had revenue of $143.06 million during the quarter, compared to the consensus estimate of $141.51 million. Analysts predict that Strattec Security Co. will post 1.98 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Strattec Security from a “strong-buy” rating to a “buy” rating in a report on Friday, August 2nd.

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.