Uniplan Investment Counsel Inc. lessened its position in Strattec Security Corporation (NASDAQ:STRT) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 139,911 shares of the auto parts company’s stock after selling 8,858 shares during the quarter. Uniplan Investment Counsel Inc. owned approximately 3.81% of Strattec Security worth $5,722,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STRT. FMR LLC lifted its stake in shares of Strattec Security by 6.1% in the 2nd quarter. FMR LLC now owns 437,823 shares of the auto parts company’s stock valued at $15,499,000 after purchasing an additional 25,023 shares during the period. Dimensional Fund Advisors LP raised its stake in Strattec Security by 8.6% during the third quarter. Dimensional Fund Advisors LP now owns 305,559 shares of the auto parts company’s stock valued at $12,497,000 after buying an additional 24,169 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Strattec Security by 132.5% during the third quarter. Russell Investments Group Ltd. now owns 31,494 shares of the auto parts company’s stock valued at $1,288,000 after buying an additional 17,951 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Strattec Security during the second quarter valued at $608,000. Finally, Algert Global LLC purchased a new position in Strattec Security during the second quarter valued at $552,000. Institutional investors own 81.94% of the company’s stock.
Strattec Security Corporation (NASDAQ:STRT) opened at $42.10 on Thursday. The stock has a market capitalization of $162.64, a price-to-earnings ratio of 20.05 and a beta of 1.68. Strattec Security Corporation has a one year low of $23.00 and a one year high of $49.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.43 and a current ratio of 2.02.
Strattec Security (NASDAQ:STRT) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.12. The business had revenue of $102.46 million during the quarter. Strattec Security had a return on equity of 4.86% and a net margin of 1.93%.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, December 14th. Strattec Security’s dividend payout ratio is currently 25.34%.
In other news, CFO Patrick J. Hansen sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $45.00, for a total value of $90,000.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at $537,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick J. Hansen sold 1,000 shares of Strattec Security stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $45.65, for a total value of $45,650.00. The disclosure for this sale can be found here. Insiders sold 9,100 shares of company stock valued at $414,899 in the last 90 days. Company insiders own 7.10% of the company’s stock.
Separately, ValuEngine upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd.
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Strattec Security Profile
Strattec Security Corporation designs, develops, manufactures and markets automotive access control products. The Company offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers.
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