Ritholtz Wealth Management Acquires 17,529 Shares of Strattec Security Corporation (NASDAQ:STRT)

Ritholtz Wealth Management grew its holdings in Strattec Security Corporation (NASDAQ:STRT - Free Report) by 152.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 29,051 shares of the auto parts company's stock after buying an additional 17,529 shares during the quarter. Ritholtz Wealth Management owned approximately 0.70% of Strattec Security worth $1,146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of STRT. Empowered Funds LLC purchased a new stake in Strattec Security in the 4th quarter worth approximately $687,000. Allspring Global Investments Holdings LLC lifted its holdings in Strattec Security by 85.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company's stock worth $1,915,000 after buying an additional 21,376 shares during the period. Truffle Hound Capital LLC purchased a new stake in Strattec Security in the 4th quarter worth approximately $5,150,000. American Century Companies Inc. purchased a new stake in Strattec Security in the 4th quarter worth approximately $560,000. Finally, JPMorgan Chase & Co. lifted its holdings in Strattec Security by 172.0% in the 4th quarter. JPMorgan Chase & Co. now owns 4,392 shares of the auto parts company's stock worth $181,000 after buying an additional 2,777 shares during the period. Hedge funds and other institutional investors own 68.91% of the company's stock.

Strattec Security Trading Down 2.5%

NASDAQ STRT traded down $1.45 on Friday, hitting $57.27. The company's stock had a trading volume of 42,579 shares, compared to its average volume of 25,733. Strattec Security Corporation has a 52-week low of $21.05 and a 52-week high of $61.77. The company has a current ratio of 2.33, a quick ratio of 1.72 and a debt-to-equity ratio of 0.06. The company's 50-day simple moving average is $46.39 and its 200 day simple moving average is $43.49. The firm has a market cap of $238.82 million, a P/E ratio of 11.57, a PEG ratio of 1.30 and a beta of 1.39.

Strattec Security (NASDAQ:STRT - Get Free Report) last announced its earnings results on Thursday, May 8th. The auto parts company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.55. Strattec Security had a return on equity of 9.66% and a net margin of 3.60%. The firm had revenue of $144.08 million during the quarter, compared to analyst estimates of $140.84 million. Research analysts predict that Strattec Security Corporation 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.