Millennium Management LLC Buys 17,459 Shares of Strattec Security Co. (NASDAQ:STRT)

Millennium Management LLC boosted its position in shares of Strattec Security Co. (NASDAQ:STRT - Free Report) by 143.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,597 shares of the auto parts company's stock after acquiring an additional 17,459 shares during the period. Millennium Management LLC owned approximately 0.72% of Strattec Security worth $1,219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds 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 fourth quarter valued at about $33,000. Bank of America Corp DE increased its stake in Strattec Security by 137.9% during the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company's stock valued at $91,000 after acquiring an additional 1,280 shares during the period. JPMorgan Chase & Co. increased its stake in Strattec Security by 172.0% during the fourth quarter. JPMorgan Chase & Co. now owns 4,392 shares of the auto parts company's stock valued at $181,000 after acquiring an additional 2,777 shares during the period. Barclays PLC increased its stake in Strattec Security by 25.5% during the fourth quarter. Barclays PLC now owns 4,957 shares of the auto parts company's stock valued at $204,000 after acquiring an additional 1,007 shares during the period. Finally, Integrated Quantitative Investments LLC bought a new position in Strattec Security during the fourth quarter valued at about $227,000. 68.91% of the stock is currently owned by institutional investors.

Strattec Security Stock Performance

STRT traded down $0.09 on Friday, hitting $54.34. 42,310 shares of the stock traded hands, compared to its average volume of 24,071. Strattec Security Co. has a 52 week low of $21.05 and a 52 week high of $56.70. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $226.49 million, a PE ratio of 13.59, a P/E/G ratio of 1.37 and a beta of 1.39. The business has a fifty day moving average price of $42.06 and a two-hundred day moving average price of $42.34.

Strattec Security (NASDAQ:STRT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The auto parts company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.55. Strattec Security had a return on equity of 7.76% and a net margin of 2.92%. The firm had revenue of $144.08 million for the quarter, compared to analyst estimates of $140.84 million. On average, research analysts predict that Strattec Security Co. will post 3.67 EPS 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.