Dimensional Fund Advisors LP Purchases 7,880 Shares of Strattec Security Co. (NASDAQ:STRT)

Dimensional Fund Advisors LP increased its position in Strattec Security Co. (NASDAQ:STRT - Free Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 234,260 shares of the auto parts company's stock after buying an additional 7,880 shares during the period. Dimensional Fund Advisors LP owned about 5.71% of Strattec Security worth $9,652,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Truffle Hound Capital LLC bought a new stake in Strattec Security during the 4th quarter valued at approximately $5,150,000. Peapod Lane Capital LLC bought a new stake in shares of Strattec Security during the fourth quarter valued at approximately $2,934,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Strattec Security in the fourth quarter worth $960,000. Allspring Global Investments Holdings LLC boosted its position in shares of Strattec Security by 85.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company's stock worth $1,915,000 after acquiring an additional 21,376 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in Strattec Security during the fourth quarter valued at $687,000. Hedge funds and other institutional investors own 68.91% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Strattec Security

In related news, COO Rolando Guillot sold 3,500 shares of Strattec Security stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total value of $175,350.00. Following the completion of the transaction, the chief operating officer now owns 36,443 shares in the company, valued at approximately $1,825,794.30. This trade represents a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.40% of the company's stock.

Strattec Security Stock Performance

NASDAQ STRT opened at $40.28 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.60 and a quick ratio of 1.77. Strattec Security Co. has a 1-year low of $21.05 and a 1-year high of $53.01. The business has a 50 day simple moving average of $38.74 and a two-hundred day simple moving average of $40.64. The stock has a market capitalization of $168.05 million, a PE ratio of 10.07, a P/E/G ratio of 1.37 and a beta of 1.10.

Strattec Security (NASDAQ:STRT - Get Free Report) last posted its earnings results on Thursday, May 8th. The auto parts company reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.55. The firm had revenue of $144.08 million during the quarter, compared to analyst estimates of $140.84 million. Strattec Security had a net margin of 2.92% and a return on equity of 7.76%. On average, research analysts predict that Strattec Security Co. will post 3.67 EPS for the current fiscal year.

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.

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