Dynamic Technology Lab Private Ltd Purchases Shares of 7,393 Strattec Security Corporation $STRT

Key Points

• Dynamic Technology Lab Private Ltd has acquired 7,393 shares of Strattec Security Corporation, valued at approximately $292,000, representing about 0.18% of the company's total shares.
• Strattec Security's stock is currently trading at $67.96, with a market capitalization of $282.71 million and a P/E ratio of 14.87, reflecting solid performance in recent earnings.
• Insider transactions highlight significant activity, notably COO Rolando Guillot's sale of 22,890 shares, marking an 80.51% decrease in his ownership in the company.

Dynamic Technology Lab Private Ltd purchased a new stake in Strattec Security Corporation (NASDAQ:STRT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,393 shares of the auto parts company's stock, valued at approximately $292,000. Dynamic Technology Lab Private Ltd owned 0.18% of Strattec Security as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. raised its stake in 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 worth $71,000 after buying an additional 623 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Strattec Security during the 4th quarter valued at $33,000. De Lisle Partners LLP increased its holdings in shares of Strattec Security by 2.4% in the 1st quarter. De Lisle Partners LLP now owns 44,129 shares of the auto parts company's stock valued at $1,736,000 after acquiring an additional 1,035 shares during the period. Bank of America Corp DE raised its position 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 in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Strattec Security during the 1st quarter worth $91,000. 68.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Strattec Security news, COO Rolando Guillot sold 22,890 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was 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 directly owned 5,541 shares in the company, valued at approximately $364,930.26. The trade was a 80.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wall Street Zen raised shares of Strattec Security from a "buy" rating to a "strong-buy" rating in a research report on Monday, September 1st. Zacks Research cut shares of Strattec Security from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Strattec Security has a consensus rating of "Sell".

Strattec Security Stock Performance

STRT traded up $2.36 during trading on Thursday, reaching $71.86. 64,279 shares of the company's stock were exchanged, compared to its average volume of 70,350. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.89. Strattec Security Corporation has a 1 year low of $31.57 and a 1 year high of $83.00. The company's fifty day simple moving average is $67.07 and its 200-day simple moving average is $54.10. The stock has a market capitalization of $298.94 million, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.64 and a beta of 1.37.

Strattec Security (NASDAQ:STRT - Get Free Report) last issued its earnings results 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 firm had revenue of $152.01 million for the quarter, compared to the consensus estimate of $143.51 million. Strattec Security had a return on equity of 8.95% and a net margin of 3.31%. As a group, research analysts predict that Strattec Security Corporation will post 3.67 earnings per share for the current fiscal year.

About Strattec Security

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.