American Century Companies Inc. Increases Stock Position in Strattec Security Corporation $STRT

American Century Companies Inc. raised its holdings in Strattec Security Corporation (NASDAQ:STRT) by 58.9% during the 2nd quarter, Holdings Channel reports. The firm owned 68,459 shares of the auto parts company’s stock after buying an additional 25,371 shares during the quarter. American Century Companies Inc.’s holdings in Strattec Security were worth $4,259,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in shares of Strattec Security by 137.9% in the fourth 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 during the last quarter. Informed Momentum Co LLC purchased a new position in Strattec Security in the 1st quarter valued at $899,000. Russell Investments Group Ltd. acquired a new stake in Strattec Security during the 1st quarter worth $91,000. Walleye Capital LLC acquired a new stake in Strattec Security during the 1st quarter worth $245,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Strattec Security during the first quarter worth $430,000. 68.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Strattec Security Trading Down 0.5%

Shares of NASDAQ STRT opened at $78.80 on Monday. The stock has a market capitalization of $330.17 million, a PE ratio of 13.78, a PEG ratio of 1.50 and a beta of 1.18. Strattec Security Corporation has a twelve month low of $31.57 and a twelve month high of $83.00. The stock has a fifty day simple moving average of $68.89 and a 200-day simple moving average of $65.72.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings results on Thursday, October 30th. The auto parts company reported $2.22 EPS for the quarter, beating the consensus estimate of $1.48 by $0.74. The company had revenue of $152.40 million during the quarter, compared to analysts’ expectations of $144.87 million. Strattec Security had a net margin of 4.06% and a return on equity of 10.94%. On average, equities analysts predict that Strattec Security Corporation will post 3.67 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Richard P. Messina sold 3,000 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $66.35, for a total transaction of $199,050.00. Following the completion of the transaction, the vice president directly owned 11,624 shares of the company’s stock, valued at approximately $771,252.40. This represents a 20.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.90% of the stock is 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.