Sei Investments Co. Boosts Stake in Strattec Security Corporation $STRT

Sei Investments Co. raised its stake in shares of Strattec Security Corporation (NASDAQ:STRTFree Report) by 100.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,682 shares of the auto parts company’s stock after buying an additional 8,841 shares during the quarter. Sei Investments Co. owned about 0.42% of Strattec Security worth $1,385,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Gabelli Funds LLC boosted its stake in shares of Strattec Security by 26.6% during the fourth quarter. Gabelli Funds LLC now owns 174,900 shares of the auto parts company’s stock valued at $13,317,000 after acquiring an additional 36,800 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Strattec Security by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 248,136 shares of the auto parts company’s stock worth $19,438,000 after purchasing an additional 8,542 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Strattec Security by 44.6% in the 1st quarter. Hsbc Holdings PLC now owns 4,922 shares of the auto parts company’s stock valued at $383,000 after purchasing an additional 1,518 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Strattec Security in the 1st quarter valued at about $368,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Strattec Security by 3.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,389 shares of the auto parts company’s stock worth $892,000 after purchasing an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Strattec Security Price Performance

NASDAQ STRT opened at $83.47 on Wednesday. Strattec Security Corporation has a 12 month low of $57.01 and a 12 month high of $92.50. The company has a 50-day moving average of $81.82 and a 200-day moving average of $80.06. The company has a market cap of $348.90 million, a P/E ratio of 13.77, a P/E/G ratio of 1.72 and a beta of 1.18.

Strattec Security declared that its Board of Directors has approved a stock repurchase program on Thursday, May 28th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the auto parts company to buy up to 12.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on STRT shares. Weiss Ratings reissued a “buy (b)” rating on shares of Strattec Security in a research note on Wednesday, June 24th. Wall Street Zen downgraded Strattec Security from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Zacks Research raised Strattec Security from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Finally, Freedom Capital raised Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Get Our Latest Report on STRT

Strattec Security Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Strattec Security (NASDAQ:STRT)

Receive News & Ratings for Strattec Security Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strattec Security and related companies with MarketBeat.com's FREE daily email newsletter.