Strattec Security Co. (NASDAQ:STRT) Major Shareholder Sells $20,890.00 in Stock

Strattec Security Co. (NASDAQ:STRT) major shareholder Gamco Investors, Inc. Et Al sold 500 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.78, for a total value of $20,890.00. Following the transaction, the insider now directly owns 500 shares of the company’s stock, valued at approximately $20,890. This trade represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Gamco Investors, Inc. Et Al also recently made the following trade(s):

• On Tuesday, November 19th, Gamco Investors, Inc. Et Al sold 200 shares of Strattec Security stock. The stock was sold at an average price of $40.50, for a total value of $8,100.00.
• On Thursday, September 19th, Gamco Investors, Inc. Et Al sold 200 shares of Strattec Security stock. The stock was sold at an average price of $38.71, for a total value of $7,742.00.

Strattec Security Price Performance

Shares of STRT stock traded up $0.47 on Wednesday, reaching $42.89. The company’s stock had a trading volume of 29,893 shares, compared to its average volume of 14,716. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.06. Strattec Security Co. has a 12-month low of $20.87 and a 12-month high of $43.35. The company has a market capitalization of $175.89 million, a P/E ratio of 10.77, a PEG ratio of 1.54 and a beta of 1.15. The stock’s 50 day simple moving average is $39.43 and its 200-day simple moving average is $33.07.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings data on Monday, November 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.36. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. The company had revenue of $139.05 million for the quarter, compared to the consensus estimate of $139.32 million. During the same quarter last year, the business posted $1.05 earnings per share. As a group, equities analysts predict that Strattec Security Co. will post 2.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Strattec Security

Large investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Strattec Security during the third quarter valued at about $47,000. Barclays PLC raised its position in Strattec Security by 126.0% during the third quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock valued at $169,000 after purchasing an additional 2,202 shares in the last quarter. Perritt Capital Management Inc raised its position in Strattec Security by 47.0% during the second quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock valued at $253,000 after purchasing an additional 3,229 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in Strattec Security during the third quarter valued at about $266,000. Finally, Quadrature Capital Ltd purchased a new stake in Strattec Security during the third quarter valued at about $308,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Strattec Security from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

About Strattec Security

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.