Informed Momentum Co LLC Invests $899,000 in Strattec Security Corporation (NASDAQ:STRT)

Key Points

• Informed Momentum Co LLC has acquired a new stake in Strattec Security Corporation, purchasing 22,782 shares valued at approximately $899,000, representing about 0.55% ownership in the company.
• Several institutional investors, including Bank of America and JPMorgan Chase, have significantly increased their stakes in Strattec Security during the fourth quarter.
• Strattec Security's stock has recently seen a 6.8% increase and has a market capitalization of $331.31 million, with a price-to-earnings ratio of 16.05.

Informed Momentum Co LLC bought a new stake in shares of Strattec Security Corporation (NASDAQ:STRT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,782 shares of the auto parts company's stock, valued at approximately $899,000. Informed Momentum Co LLC owned 0.55% of Strattec Security at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. De Lisle Partners LLP boosted its holdings in shares of Strattec Security by 2.4% in 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. Allspring Global Investments Holdings LLC boosted its holdings in shares of Strattec Security by 16.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 54,202 shares of the auto parts company's stock valued at $2,139,000 after purchasing an additional 7,726 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of Strattec Security by 152.1% in the first quarter. Ritholtz Wealth Management now owns 29,051 shares of the auto parts company's stock valued at $1,146,000 after purchasing an additional 17,529 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Strattec Security by 57.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company's stock valued at $71,000 after purchasing an additional 623 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Strattec Security by 143.8% in the fourth quarter. Millennium Management LLC now owns 29,597 shares of the auto parts company's stock valued at $1,219,000 after purchasing an additional 17,459 shares during the period. Hedge funds and other institutional investors own 68.91% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Strattec Security from a "buy" rating to a "strong-buy" rating in a report on Saturday.

Strattec Security Trading Up 0.7%

Shares of NASDAQ STRT traded up $0.53 during trading hours on Friday, reaching $75.89. The stock had a trading volume of 186,761 shares, compared to its average volume of 106,454. The company has a current ratio of 2.33, a quick ratio of 1.72 and a debt-to-equity ratio of 0.06. The firm has a market cap of $316.46 million, a price-to-earnings ratio of 16.61, a P/E/G ratio of 1.60 and a beta of 1.30. The business's fifty day moving average price is $64.30 and its two-hundred day moving average price is $50.51. Strattec Security Corporation has a 52-week low of $31.57 and a 52-week high of $83.00.

Strattec Security (NASDAQ:STRT - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The auto parts company reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.99. The company had revenue of $152.01 million during the quarter, compared to the consensus estimate of $143.51 million. Strattec Security had a net margin of 3.31% and a return on equity of 9.11%. Analysts expect that Strattec Security Corporation will post 3.67 EPS for the current fiscal year.

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.