Pacific Ridge Capital Partners LLC Trims Stock Holdings in Strattec Security Corporation (NASDAQ:STRT)

Pacific Ridge Capital Partners LLC reduced its stake in shares of Strattec Security Corporation (NASDAQ:STRT - Free Report) by 4.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,946 shares of the auto parts company's stock after selling 9,131 shares during the period. Strattec Security accounts for 1.9% of Pacific Ridge Capital Partners LLC's portfolio, making the stock its 11th biggest holding. Pacific Ridge Capital Partners LLC owned 4.34% of Strattec Security worth $7,140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in STRT. American Century Companies Inc. bought a new position in Strattec Security in the 4th quarter worth $560,000. JPMorgan Chase & Co. lifted its position in shares of Strattec Security by 172.0% in 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 in the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Strattec Security in the fourth quarter worth about $960,000. Integrated Quantitative Investments LLC bought a new position in shares of Strattec Security in the fourth quarter worth about $227,000. Finally, Renaissance Technologies LLC grew its position in shares of Strattec Security by 4.2% during the fourth quarter. Renaissance Technologies LLC now owns 100,906 shares of the auto parts company's stock worth $4,157,000 after purchasing an additional 4,100 shares in the last quarter. 68.91% of the stock is owned by hedge funds and other institutional investors.

Strattec Security Price Performance

STRT stock opened at $62.05 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.72 and a current ratio of 2.33. The company's fifty day moving average price is $60.67 and its 200-day moving average price is $48.16. Strattec Security Corporation has a one year low of $21.05 and a one year high of $70.58. The company has a market capitalization of $258.75 million, a PE ratio of 12.54, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30.

Strattec Security (NASDAQ:STRT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The auto parts company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.55. Strattec Security had a net margin of 3.60% and a return on equity of 9.66%. The company had revenue of $144.08 million for the quarter, compared to the consensus estimate of $140.84 million. On average, equities analysts anticipate that Strattec Security Corporation will post 3.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Strattec Security from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th.

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.

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