Dimensional Fund Advisors LP Boosts Stake in Strattec Security Co. (NASDAQ:STRT)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Marshall Wace LLP boosted its stake in Strattec Security by 47.8% during the fourth quarter. Marshall Wace LLP now owns 13,805 shares of the auto parts company's stock worth $569,000 after buying an additional 4,464 shares during the period. Gabelli Funds LLC lifted its holdings in Strattec Security by 3.2% in the 4th quarter. Gabelli Funds LLC now owns 31,900 shares of the auto parts company's stock valued at $1,314,000 after purchasing an additional 1,000 shares in the last quarter. Barclays PLC increased its position in shares of Strattec Security by 25.5% during the 4th quarter. Barclays PLC now owns 4,957 shares of the auto parts company's stock worth $204,000 after purchasing an additional 1,007 shares during the last quarter. Renaissance Technologies LLC grew its position in Strattec Security by 4.2% in the 4th quarter. Renaissance Technologies LLC now owns 100,906 shares of the auto parts company's stock valued at $4,157,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Integrated Quantitative Investments LLC purchased a new stake in Strattec Security during the fourth quarter worth approximately $227,000. Hedge funds and other institutional investors own 68.91% of the company's stock.

Strattec Security Stock Performance

NASDAQ:STRT traded up $1.99 during trading hours on Thursday, reaching $50.21. 28,893 shares of the stock were exchanged, compared to its average volume of 21,573. The firm has a 50 day simple moving average of $38.65 and a 200-day simple moving average of $40.74. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $209.46 million, a P/E ratio of 12.67, a P/E/G ratio of 1.37 and a beta of 1.10. Strattec Security Co. has a 52 week low of $21.05 and a 52 week high of $54.84.

Strattec Security (NASDAQ:STRT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The auto parts company reported $1.50 earnings per share for the quarter, topping 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 business had revenue of $144.08 million during the quarter, compared to analysts' expectations of $140.84 million. As a group, sell-side analysts forecast that Strattec Security Co. will post 3.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Transactions at Strattec Security

In related news, COO Rolando Guillot sold 3,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 directly owns 36,443 shares of the company's stock, valued at approximately $1,825,794.30. This trade represents a 8.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.40% of the company's stock.

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.