Gamco Investors INC. ET AL Sells 81,124 Shares of Strattec Security Corporation $STRT

Gamco Investors INC. ET AL lessened its holdings in shares of Strattec Security Corporation (NASDAQ:STRT) by 12.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 596,045 shares of the auto parts company’s stock after selling 81,124 shares during the period. Gamco Investors INC. ET AL owned about 14.24% of Strattec Security worth $40,567,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Strattec Security by 110.2% in the second quarter. Geode Capital Management LLC now owns 90,389 shares of the auto parts company’s stock valued at $5,624,000 after buying an additional 47,389 shares during the period. Invesco Ltd. acquired a new stake in Strattec Security during the second quarter worth approximately $2,831,000. Pacer Advisors Inc. bought a new position in Strattec Security during the 3rd quarter worth $2,891,000. Teton Advisors LLC bought a new position in Strattec Security during the 3rd quarter worth $2,416,000. Finally, Ameriprise Financial Inc. acquired a new position in Strattec Security in the 2nd quarter valued at $1,806,000. 68.91% of the stock is owned by institutional investors.

Strattec Security Price Performance

STRT stock opened at $80.45 on Friday. The stock has a market cap of $336.28 million, a price-to-earnings ratio of 12.19, a P/E/G ratio of 1.32 and a beta of 1.18. The company has a 50 day simple moving average of $83.40 and a 200 day simple moving average of $74.79. Strattec Security Corporation has a 1 year low of $31.57 and a 1 year high of $92.50.

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

Analyst Upgrades and Downgrades

STRT has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Strattec Security in a research report on Monday, December 29th. Freedom Capital downgraded Strattec Security from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Finally, Zacks Research raised shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. One research 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 company. Based on data from 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.