12,622 Shares in Strattec Security Corporation $STRT Acquired by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC acquired a new stake in Strattec Security Corporation (NASDAQ:STRT) during the third quarter, according to its most recent filing with the SEC. The firm acquired 12,622 shares of the auto parts company’s stock, valued at approximately $859,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new position in shares of Strattec Security during the second quarter valued at $25,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Strattec Security during the 2nd quarter worth about $50,000. Raymond James Financial Inc. bought a new position in shares of Strattec Security in the 2nd quarter valued at about $92,000. New York State Common Retirement Fund acquired a new stake in shares of Strattec Security during the 2nd quarter worth approximately $106,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Strattec Security during the second quarter worth approximately $132,000. Institutional investors own 68.91% of the company’s stock.

Strattec Security Trading Down 2.7%

Shares of Strattec Security stock opened at $88.00 on Monday. The stock’s fifty day simple moving average is $83.02 and its 200 day simple moving average is $74.44. The company has a market capitalization of $367.84 million, a PE ratio of 13.33, a PEG ratio of 1.41 and a beta of 1.19. Strattec Security Corporation has a 12 month low of $31.57 and a 12 month high of $92.50.

Strattec Security (NASDAQ:STRT) last posted its earnings results on Thursday, February 5th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.78. The firm had revenue of $137.53 million during the quarter, compared to analysts’ expectations of $132.29 million. Strattec Security had a return on equity of 12.33% and a net margin of 4.63%. Analysts predict that Strattec Security Corporation will post 3.67 EPS for the current fiscal year.

Analysts Set New Price Targets

STRT has been the topic of a number of recent research reports. Wall Street Zen raised shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Zacks Research upgraded Strattec Security from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Freedom Capital downgraded Strattec Security from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Strattec Security in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Strattec Security Profile

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.