Strattec Security Corporation $STRT Position Boosted by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its holdings in Strattec Security Corporation (NASDAQ:STRT) by 10.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,180 shares of the auto parts company’s stock after purchasing an additional 787 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.20% of Strattec Security worth $509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey acquired a new position in Strattec Security in the second quarter worth approximately $50,000. Bank of America Corp DE boosted its stake in shares of 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 worth $91,000 after acquiring an additional 1,280 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Strattec Security in the 1st quarter worth $91,000. First Business Financial Services Inc. acquired a new position in shares of Strattec Security in the 2nd quarter worth $224,000. Finally, Johnson Investment Counsel Inc. acquired a new stake in shares of Strattec Security during the second quarter worth $242,000. 68.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Strattec Security

In other news, COO Rolando Guillot sold 22,890 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $65.86, for a total value of $1,507,535.40. Following the transaction, the chief operating officer directly owned 5,541 shares of the company’s stock, valued at approximately $364,930.26. This represents a 80.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Richard P. Messina sold 3,000 shares of Strattec Security stock in a transaction on Monday, November 17th. The shares were sold at an average price of $66.35, for a total value of $199,050.00. Following the sale, the vice president directly owned 11,624 shares of the company’s stock, valued at approximately $771,252.40. The trade was a 20.51% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.90% of the stock is currently owned by corporate insiders.

Strattec Security Stock Up 6.2%

Shares of Strattec Security stock opened at $68.56 on Monday. Strattec Security Corporation has a 1 year low of $31.57 and a 1 year high of $83.00. The company has a market cap of $286.92 million, a P/E ratio of 15.00, a P/E/G ratio of 1.55 and a beta of 1.51. The company has a current ratio of 2.43, a quick ratio of 1.89 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $67.37 and a 200 day moving average price of $63.58.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Thursday, October 30th. The auto parts company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.74. The company had revenue of $152.40 million for the quarter, compared to the consensus estimate of $144.87 million. Strattec Security had a return on equity of 8.95% and a net margin of 3.31%. As a group, analysts expect that Strattec Security Corporation will post 3.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on STRT shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Strattec Security in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Strattec Security from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Finally, Wall Street Zen raised shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

About Strattec Security

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.