Teton Advisors LLC decreased its holdings in shares of Strattec Security Corporation (NASDAQ:STRT – Free Report) by 26.8% during the fourth quarter, HoldingsChannel reports. The firm owned 26,000 shares of the auto parts company’s stock after selling 9,500 shares during the period. Strattec Security comprises 1.4% of Teton Advisors LLC’s portfolio, making the stock its 20th largest holding. Teton Advisors LLC’s holdings in Strattec Security were worth $1,980,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Strattec Security by 2.3% during the third quarter. Vanguard Group Inc. now owns 238,937 shares of the auto parts company’s stock valued at $16,262,000 after purchasing an additional 5,280 shares in the last quarter. Gabelli Funds LLC lifted its holdings in Strattec Security by 26.6% during the fourth quarter. Gabelli Funds LLC now owns 174,900 shares of the auto parts company’s stock worth $13,317,000 after buying an additional 36,800 shares during the period. Millennium Management LLC lifted its holdings in Strattec Security by 117.3% during the third quarter. Millennium Management LLC now owns 112,312 shares of the auto parts company’s stock worth $7,644,000 after buying an additional 60,628 shares during the period. Geode Capital Management LLC boosted its position in Strattec Security by 110.2% during the 2nd quarter. Geode Capital Management LLC now owns 90,389 shares of the auto parts company’s stock valued at $5,624,000 after acquiring an additional 47,389 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Strattec Security by 84.4% in the 3rd quarter. Bridgeway Capital Management LLC now owns 78,599 shares of the auto parts company’s stock valued at $5,349,000 after acquiring an additional 35,986 shares during the period. Institutional investors own 68.91% of the company’s stock.
Insiders Place Their Bets
In other Strattec Security news, CFO Matthew Pauli purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $62.53 per share, for a total transaction of $125,060.00. Following the completion of the purchase, the chief financial officer owned 2,000 shares of the company’s stock, valued at approximately $125,060. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frederic Jack Liebau, Jr. acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were bought at an average price of $61.37 per share, for a total transaction of $61,370.00. Following the acquisition, the director owned 7,748 shares of the company’s stock, valued at approximately $475,494.76. This represents a 14.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 4,598 shares of company stock valued at $286,440. 3.90% of the stock is currently owned by corporate insiders.
Strattec Security Stock Performance
Strattec Security (NASDAQ:STRT – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The auto parts company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.24). Strattec Security had a return on equity of 11.00% and a net margin of 4.31%.The business had revenue of $137.63 million during the quarter, compared to analyst estimates of $140.35 million. On average, equities analysts forecast that Strattec Security Corporation will post 6.12 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Zacks Research cut Strattec Security from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Strattec Security in a research note on Friday, March 27th. Freedom Capital upgraded shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Wall Street Zen lowered shares of Strattec Security from a “buy” rating to a “hold” rating in a research report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Strattec Security has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on STRT
About Strattec Security
Strattec Security Corporation is a Wisconsin‐based designer and manufacturer of mechanical and electronic locking systems for the global automotive market. Established more than five decades ago, the company supplies original equipment manufacturers (OEMs) and the aftermarket with a broad portfolio of lock and key solutions tailored to passenger cars, light trucks and commercial vehicles.
The company’s product range includes mechanical locking systems such as door lock cylinders, ignition lock modules, key blanks and door handles, as well as electromechanical and keyless‐entry systems.
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