Ellsworth Advisors LLC Acquires Shares of 14,780 Strattec Security Corporation $STRT

Key Points

• Ellsworth Advisors LLC invested approximately $583,000 in Strattec Security Corporation, acquiring 14,780 shares, which constitutes 0.35% ownership of the company.
• Strattec Security reported $2.06 earnings per share for the most recent quarter, significantly exceeding analysts' expectations of $1.07.
• Insider activity revealed that COO Rolando Guillot sold 22,890 shares of the stock, reducing their position by 80.51%.

Ellsworth Advisors LLC acquired a new stake in Strattec Security Corporation (NASDAQ:STRT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,780 shares of the auto parts company's stock, valued at approximately $583,000. Ellsworth Advisors LLC owned 0.35% of Strattec Security as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Strattec Security by 16.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 54,202 shares of the auto parts company's stock valued at $2,139,000 after purchasing an additional 7,726 shares during the period. Ritholtz Wealth Management boosted its stake 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 purchasing an additional 17,529 shares during the period. Informed Momentum Co LLC purchased a new position in shares of Strattec Security in the first quarter valued at approximately $899,000. American Century Companies Inc. boosted its stake in shares of Strattec Security by 217.1% in the first quarter. American Century Companies Inc. now owns 43,088 shares of the auto parts company's stock valued at $1,700,000 after purchasing an additional 29,498 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Strattec Security in the fourth quarter valued at approximately $406,000. Hedge funds and other institutional investors own 68.91% of the company's stock.

Analyst Upgrades and Downgrades

STRT has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of 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 research note on Tuesday, August 19th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

Insider Activity at Strattec Security

In other news, COO Rolando Guillot sold 22,890 shares of Strattec Security stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $65.86, for a total value of $1,507,535.40. Following the transaction, the chief operating officer directly owned 5,541 shares of the company's stock, valued at $364,930.26. The trade was a 80.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.90% of the stock is owned by insiders.

Strattec Security Stock Down 0.6%

Shares of NASDAQ:STRT traded down $0.40 during trading on Friday, hitting $67.96. 37,503 shares of the company were exchanged, compared to its average volume of 85,531. The stock has a market capitalization of $282.71 million, a P/E ratio of 14.87, a PEG ratio of 1.60 and a beta of 1.37. 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 12-month low of $31.57 and a 12-month high of $83.00. The firm's 50 day moving average price is $66.72 and its 200-day moving average price is $53.58.

Strattec Security (NASDAQ:STRT - Get Free Report) last announced its earnings results on Thursday, August 14th. The auto parts company reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.99. The business had revenue of $152.01 million for 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%. On average, 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.