Barclays PLC Acquires 1,007 Shares of Strattec Security Co. (NASDAQ:STRT)

Barclays PLC boosted its holdings in shares of Strattec Security Co. (NASDAQ:STRT) by 25.5% in the 4th quarter, Holdings Channel reports. The firm owned 4,957 shares of the auto parts company’s stock after buying an additional 1,007 shares during the period. Barclays PLC’s holdings in Strattec Security were worth $204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in Strattec Security during the third quarter worth $69,000. Integrated Quantitative Investments LLC bought a new stake in Strattec Security during the fourth quarter worth $227,000. Ritholtz Wealth Management bought a new stake in Strattec Security during the fourth quarter worth $475,000. American Century Companies Inc. bought a new stake in Strattec Security during the fourth quarter worth $560,000. Finally, Empowered Funds LLC bought a new stake in Strattec Security during the fourth quarter worth $687,000. 68.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 7th.

Strattec Security Trading Up 4.2%

NASDAQ STRT opened at $41.60 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.06. Strattec Security Co. has a twelve month low of $21.05 and a twelve month high of $53.01. The company has a market cap of $173.56 million, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 1.37 and a beta of 1.10. The business’s fifty day moving average is $38.63 and its 200 day moving average is $40.67.

Strattec Security (NASDAQ:STRT) last released its quarterly earnings data on Thursday, May 8th. The auto parts company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.55. Strattec Security had a return on equity of 7.76% and a net margin of 2.92%. The company had revenue of $144.08 million for the quarter, compared to the consensus estimate of $140.84 million. As a group, sell-side analysts expect that Strattec Security Co. will post 3.67 EPS for the current fiscal year.

Insider Activity at Strattec Security

In related news, COO Rolando Guillot sold 3,500 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total transaction of $175,350.00. Following the sale, the chief operating officer now owns 36,443 shares of the company’s stock, valued at $1,825,794.30. This trade represents a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.40% of the stock is currently owned by company insiders.

Strattec Security Company Profile

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.