OMERS ADMINISTRATION Corp Invests $430,000 in Strattec Security Corporation $STRT

Key Points

• OMERS ADMINISTRATION Corp has acquired 10,900 shares of Strattec Security Corporation for approximately $430,000, representing a 0.26% ownership stake in the company as of the latest SEC filing.
• Insider trading activities revealed COO Rolando Guillot sold 22,890 shares at an average price of $65.86, significantly reducing his stake by over 80%.
• Strattec Security's stock currently has mixed ratings, with analysts at Wall Street Zen upgrading it to a "strong-buy," while Zacks Research downgraded it to a "strong sell," resulting in a consensus rating of "sell."

OMERS ADMINISTRATION Corp purchased a new position in shares of Strattec Security Corporation (NASDAQ:STRT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,900 shares of the auto parts company's stock, valued at approximately $430,000. OMERS ADMINISTRATION Corp owned about 0.26% of Strattec Security as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Walleye Capital LLC bought a new stake in shares of Strattec Security during the first quarter valued at approximately $245,000. American Century Companies Inc. increased its position in shares of Strattec Security by 217.1% during the first quarter. American Century Companies Inc. now owns 43,088 shares of the auto parts company's stock valued at $1,700,000 after purchasing an additional 29,498 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Strattec Security during the first quarter valued at approximately $91,000. Informed Momentum Co LLC bought a new stake in shares of Strattec Security during the first quarter valued at approximately $899,000. Finally, De Lisle Partners LLP increased its position in shares of Strattec Security by 2.4% during the first quarter. De Lisle Partners LLP now owns 44,129 shares of the auto parts company's stock valued at $1,736,000 after purchasing an additional 1,035 shares during the period. 68.91% of the stock is currently owned by institutional investors and hedge funds.

Strattec Security Price Performance

NASDAQ:STRT traded down $0.75 during trading hours on Tuesday, reaching $67.22. The company had a trading volume of 12,174 shares, compared to its average volume of 58,735. The stock has a 50-day moving average of $66.81 and a two-hundred day moving average of $53.09. Strattec Security Corporation has a one year low of $31.57 and a one year high of $83.00. The firm has a market capitalization of $279.68 million, a PE ratio of 14.75, a PEG ratio of 1.56 and a beta of 1.37. The company has a quick ratio of 1.89, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Strattec Security (NASDAQ:STRT - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The auto parts company reported $2.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.99. Strattec Security had a return on equity of 8.95% and a net margin of 3.31%.The firm had revenue of $152.01 million for the quarter, compared to analysts' expectations of $143.51 million. Analysts forecast that Strattec Security Corporation will post 3.67 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on STRT shares. Zacks Research cut Strattec Security from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Wall Street Zen upgraded Strattec Security from a "buy" rating to a "strong-buy" rating in a research report on Monday, September 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Strattec Security has an average rating of "Sell".

Insider Activity at Strattec Security

In other news, COO Rolando Guillot sold 22,890 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $65.86, for a total transaction of $1,507,535.40. Following the sale, the chief operating officer owned 5,541 shares in the company, valued at approximately $364,930.26. This represents a 80.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.40% of the company's stock.

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.