American Century Companies Inc. Grows Position in 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 holdings in Strattec Security Corporation (NASDAQ:STRT - Free Report) by 217.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,088 shares of the auto parts company's stock after buying an additional 29,498 shares during the quarter. American Century Companies Inc. owned 1.03% of Strattec Security worth $1,700,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Strattec Security by 16.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 54,202 shares of the auto parts company's stock worth $2,139,000 after purchasing an additional 7,726 shares during the period. Ritholtz Wealth Management boosted its position in shares of Strattec Security by 152.1% during the 1st 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 during the last quarter. Informed Momentum Co LLC bought a new stake in Strattec Security in the first quarter worth $899,000. Jane Street Group LLC bought a new stake in Strattec Security in the fourth quarter worth $406,000. Finally, Millennium Management LLC increased its stake in Strattec Security by 143.8% in the fourth quarter. Millennium Management LLC now owns 29,597 shares of the auto parts company's stock worth $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.

Strattec Security Price Performance

Shares of STRT stock traded down $2.00 during trading hours on Friday, hitting $66.19. 39,186 shares of the company's stock were exchanged, compared to its average volume of 136,264. The company has a quick ratio of 1.89, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The firm has a market cap of $275.35 million, a P/E ratio of 14.48, a P/E/G ratio of 1.56 and a beta of 1.37. The firm has a 50 day moving average of $66.70 and a two-hundred day moving average of $52.94. Strattec Security Corporation has a fifty-two week low of $31.57 and a fifty-two week high of $83.00.

Strattec Security (NASDAQ:STRT - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The auto parts company reported $2.06 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $143.51 million. Sell-side analysts forecast that Strattec Security Corporation will post 3.67 EPS for the current year.

Wall Street Analyst Weigh In

STRT has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Strattec Security from a "buy" rating to a "strong-buy" rating in a research note on Monday, September 1st. Zacks Research downgraded shares of Strattec Security from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell".

Insider Transactions at Strattec Security

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

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.