42,842 Shares in Strattec Security Corporation $STRT Acquired by De Lisle Partners LLP

De Lisle Partners LLP bought a new position in shares of Strattec Security Corporation (NASDAQ:STRT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 42,842 shares of the auto parts company’s stock, valued at approximately $3,494,000. De Lisle Partners LLP owned 1.02% of Strattec Security at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in STRT. WINTON GROUP Ltd boosted its position in shares of Strattec Security by 1.1% in the fourth quarter. WINTON GROUP Ltd now owns 11,507 shares of the auto parts company’s stock worth $876,000 after purchasing an additional 122 shares during the period. Deutsche Bank AG lifted its stake in shares of Strattec Security by 6.3% during the 4th quarter. Deutsche Bank AG now owns 2,907 shares of the auto parts company’s stock valued at $221,000 after buying an additional 172 shares in the last quarter. Bailard Inc. lifted its stake in shares of Strattec Security by 5.0% during the 4th quarter. Bailard Inc. now owns 4,200 shares of the auto parts company’s stock valued at $320,000 after buying an additional 200 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Strattec Security by 3.8% in the 3rd quarter. NewEdge Advisors LLC now owns 5,652 shares of the auto parts company’s stock worth $385,000 after buying an additional 207 shares during the period. Finally, New York State Teachers Retirement System bought a new position in Strattec Security in the 4th quarter worth $27,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Strattec Security Price Performance

Shares of STRT opened at $81.79 on Friday. The stock has a market capitalization of $341.88 million, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18. Strattec Security Corporation has a 1 year low of $57.01 and a 1 year high of $92.50. The business’s 50 day simple moving average is $82.32 and its 200-day simple moving average is $80.15.

Strattec Security declared that its board has approved a stock buyback plan on Thursday, May 28th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the auto parts company to reacquire up to 12.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Strattec Security in a research report on Wednesday, June 24th. Freedom Capital upgraded Strattec Security from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Wall Street Zen cut Strattec Security from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Zacks Research raised Strattec Security from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Strattec Security 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.