Strattec Security Corporation $STRT Shares Acquired by Gabelli Funds LLC

Gabelli Funds LLC increased its position in shares of Strattec Security Corporation (NASDAQ:STRT) by 342.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,100 shares of the auto parts company’s stock after purchasing an additional 106,900 shares during the period. Gabelli Funds LLC owned 3.30% of Strattec Security worth $9,399,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in STRT. Bank of America Corp DE boosted its stake in Strattec Security by 137.9% during the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock valued at $91,000 after purchasing an additional 1,280 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Strattec Security by 41.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,548 shares of the auto parts company’s stock worth $890,000 after buying an additional 6,624 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Strattec Security by 3.3% in the first quarter. Empowered Funds LLC now owns 17,221 shares of the auto parts company’s stock valued at $680,000 after buying an additional 555 shares during the period. Jane Street Group LLC lifted its holdings in shares of Strattec Security by 61.1% in the first quarter. Jane Street Group LLC now owns 15,869 shares of the auto parts company’s stock valued at $626,000 after buying an additional 6,019 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in Strattec Security during the second quarter valued at about $388,000. 68.91% of the stock is currently owned by institutional investors and hedge funds.

Strattec Security Stock Down 2.3%

STRT opened at $80.45 on Monday. The firm has a market cap of $336.28 million, a PE ratio of 12.19, a P/E/G ratio of 1.29 and a beta of 1.18. The business has a fifty day simple moving average of $83.40 and a 200-day simple moving average of $74.90. Strattec Security Corporation has a fifty-two week low of $31.57 and a fifty-two week high of $92.50.

Strattec Security (NASDAQ:STRT) last announced its earnings results on Thursday, February 5th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.78. Strattec Security had a return on equity of 12.33% and a net margin of 4.63%.The company had revenue of $137.53 million for the quarter, compared to analyst estimates of $132.29 million. On average, equities research analysts anticipate 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 research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Strattec Security in a report on Monday, December 29th. Wall Street Zen raised shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 22nd. Zacks Research upgraded shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Freedom Capital downgraded shares of Strattec Security from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

About Strattec Security

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.