American Century Companies Inc. Invests $560,000 in Strattec Security Co. (NASDAQ:STRT)

American Century Companies Inc. acquired a new position in shares of Strattec Security Co. (NASDAQ:STRT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,590 shares of the auto parts company's stock, valued at approximately $560,000. American Century Companies Inc. owned approximately 0.33% of Strattec Security at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in Strattec Security by 126.0% in the third quarter. Barclays PLC now owns 3,950 shares of the auto parts company's stock valued at $169,000 after acquiring an additional 2,202 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Strattec Security by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 41,618 shares of the auto parts company's stock worth $1,776,000 after buying an additional 2,314 shares during the period. JPMorgan Chase & Co. bought a new position in Strattec Security in the third quarter valued at approximately $69,000. West Oak Capital LLC grew its holdings in Strattec Security by 5,525.0% during the 4th quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company's stock worth $46,000 after acquiring an additional 1,105 shares during the period. Finally, Ritholtz Wealth Management acquired a new position in shares of Strattec Security in the 4th quarter valued at $475,000. 68.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Strattec Security from a "buy" rating to a "strong-buy" rating in a report on Friday, February 7th.

Insider Activity

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

Strattec Security Trading Down 1.1 %

Shares of STRT stock traded down $0.40 on Thursday, hitting $34.92. The stock had a trading volume of 898 shares, compared to its average volume of 20,240. The firm has a market cap of $145.69 million, a P/E ratio of 8.73, a PEG ratio of 1.37 and a beta of 1.02. Strattec Security Co. has a twelve month low of $21.05 and a twelve month high of $53.01. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $43.36 and a two-hundred day moving average price of $41.02.

Strattec Security 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.