Allspring Global Investments Holdings LLC Grows Position in Strattec Security Corporation (NASDAQ:STRT)

Allspring Global Investments Holdings LLC boosted its stake in shares of Strattec Security Corporation (NASDAQ:STRT - Free Report) by 16.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,202 shares of the auto parts company's stock after purchasing an additional 7,726 shares during the period. Allspring Global Investments Holdings LLC owned about 1.30% of Strattec Security worth $2,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of STRT. Truffle Hound Capital LLC purchased a new position in Strattec Security during the fourth quarter valued at $5,150,000. Susquehanna International Group LLP purchased a new position in shares of Strattec Security in the fourth quarter valued at about $1,765,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Strattec Security in the fourth quarter valued at about $960,000. Ritholtz Wealth Management lifted its position 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 acquiring an additional 17,529 shares in the last quarter. Finally, Millennium Management LLC lifted its position 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 acquiring an additional 17,459 shares in the last quarter. 68.91% of the stock is currently owned by hedge funds and other institutional investors.

Strattec Security Price Performance

Shares of Strattec Security stock opened at $66.54 on Tuesday. The stock's 50-day simple moving average is $52.60 and its 200-day simple moving average is $45.14. Strattec Security Corporation has a 52 week low of $21.05 and a 52 week high of $70.58. The company has a market capitalization of $277.47 million, a price-to-earnings ratio of 13.44, a PEG ratio of 1.47 and a beta of 1.39. The company has a quick ratio of 1.72, a current ratio of 2.33 and a debt-to-equity ratio of 0.06.

Strattec Security (NASDAQ:STRT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The auto parts company reported $1.50 EPS for the quarter, beating the consensus estimate of $0.95 by $0.55. The business had revenue of $144.08 million for the quarter, compared to the consensus estimate of $140.84 million. Strattec Security had a return on equity of 9.66% and a net margin of 3.60%. As a group, analysts expect that Strattec Security Corporation will post 3.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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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