Aristides Capital LLC Sells 8,772 Shares of Strattec Security Co. (NASDAQ:STRT)

Aristides Capital LLC lowered its stake in shares of Strattec Security Co. (NASDAQ:STRT) by 44.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,785 shares of the auto parts company’s stock after selling 8,772 shares during the quarter. Aristides Capital LLC owned about 0.26% of Strattec Security worth $444,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. West Oak Capital LLC lifted its stake in shares of Strattec Security by 5,525.0% in the fourth quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company’s stock worth $46,000 after buying an additional 1,105 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Strattec Security during the third quarter valued at about $47,000. JPMorgan Chase & Co. acquired a new stake in shares of Strattec Security in the third quarter valued at about $69,000. Barclays PLC increased its stake in shares of Strattec Security by 126.0% in the third quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock worth $169,000 after purchasing an additional 2,202 shares during the period. Finally, Integrated Quantitative Investments LLC acquired a new position in shares of Strattec Security during the 4th quarter worth about $227,000. Institutional investors and hedge funds own 68.91% of the company’s stock.

Analysts Set New Price Targets

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

Strattec Security Trading Down 5.0 %

Shares of STRT stock opened at $36.04 on Friday. The firm has a market capitalization of $150.36 million, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 1.37 and a beta of 1.11. Strattec Security Co. has a 1 year low of $21.05 and a 1 year high of $53.01. The firm’s fifty day simple moving average is $43.70 and its 200 day simple moving average is $41.24. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06.

Insiders Place Their Bets

In related news, COO Rolando Guillot sold 3,500 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.10, for a total value of $175,350.00. Following the completion of the sale, the chief operating officer now owns 36,443 shares in the company, valued at approximately $1,825,794.30. This trade represents a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.40% of the company’s stock.

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.