American Century Companies Inc. Purchases 29,498 Shares of Strattec Security Corporation $STRT

Key Points

• American Century Companies Inc. increased its holdings in Strattec Security Corporation by 217.1%, purchasing 29,498 shares to hold a total of 43,088 shares valued at approximately $1.7 million.
• Insider activity reported a significant sale, as COO Rolando Guillot sold 22,890 shares at an average price of $65.86, representing an 80.51% decrease in his position.
• Strattec Security's recent quarterly earnings surpassed expectations, reporting $2.06 per share against a consensus estimate of $1.07, with revenues of $152.01 million.

American Century Companies Inc. boosted its position in shares of Strattec Security Corporation (NASDAQ:STRT - Free Report) by 217.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,088 shares of the auto parts company's stock after purchasing an additional 29,498 shares during the period. American Century Companies Inc. owned about 1.03% of Strattec Security worth $1,700,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in Strattec Security during the 4th quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Strattec Security by 57.1% during the 4th 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 last quarter. Bank of America Corp DE lifted its holdings in Strattec Security by 137.9% during the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company's stock valued at $91,000 after purchasing an additional 1,280 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Strattec Security during the 1st quarter valued at about $91,000. Finally, Barclays PLC lifted its holdings in Strattec Security by 25.5% during the 4th quarter. Barclays PLC now owns 4,957 shares of the auto parts company's stock valued at $204,000 after purchasing an additional 1,007 shares during the last quarter. 68.91% of the stock is owned by institutional investors.

Insider Activity at Strattec Security

In other news, COO Rolando Guillot sold 22,890 shares of Strattec Security stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $65.86, for a total transaction of $1,507,535.40. Following the completion of the sale, the chief operating officer owned 5,541 shares in the company, valued at $364,930.26. The trade was a 80.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.40% of the stock is currently owned by corporate insiders.

Strattec Security Trading Up 0.6%

STRT opened at $66.24 on Wednesday. The company has a current ratio of 2.43, a quick ratio of 1.72 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $275.56 million, a PE ratio of 14.49, a PEG ratio of 1.55 and a beta of 1.37. Strattec Security Corporation has a 1-year low of $31.57 and a 1-year high of $83.00. The firm has a 50-day moving average price of $66.27 and a two-hundred day moving average price of $52.58.

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

Analyst Ratings Changes

Several brokerages recently issued reports on STRT. Wall Street Zen raised shares of Strattec Security from a "buy" rating to a "strong-buy" rating in a report on Monday. Zacks Research downgraded shares of Strattec Security from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Strattec Security presently has an average rating of "Sell".

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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