22,782 Shares in Strattec Security Corporation (NASDAQ:STRT) Purchased by Informed Momentum Co LLC

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STRT. Tower Research Capital LLC TRC purchased a new stake in shares of Strattec Security during the fourth quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Strattec Security by 57.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company's stock worth $71,000 after acquiring an additional 623 shares during the period. Bank of America Corp DE lifted its stake in shares of Strattec Security by 137.9% in the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company's stock worth $91,000 after acquiring an additional 1,280 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Strattec Security by 172.0% in the fourth quarter. JPMorgan Chase & Co. now owns 4,392 shares of the auto parts company's stock valued at $181,000 after acquiring an additional 2,777 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Strattec Security by 25.5% during the fourth quarter. Barclays PLC now owns 4,957 shares of the auto parts company's stock worth $204,000 after acquiring an additional 1,007 shares during the period. 68.91% of the stock is owned by hedge funds and other institutional investors.

Strattec Security Trading Up 6.8%

NASDAQ:STRT opened at $79.45 on Wednesday. Strattec Security Corporation has a 1 year low of $31.57 and a 1 year high of $82.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.72 and a current ratio of 2.33. The stock has a fifty day moving average price of $62.92 and a two-hundred day moving average price of $49.69. The stock has a market capitalization of $331.31 million, a price-to-earnings ratio of 16.05, a PEG ratio of 1.57 and a beta of 1.30.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Strattec Security from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th.

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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