Truffle Hound Capital LLC Trims Stock Holdings in Strattec Security Corporation (NASDAQ:STRT)

Key Points

• Truffle Hound Capital LLC reduced its stake in Strattec Security Corporation by 20.0%, now holding 100,000 shares after selling 25,000 shares.
• Strattec Security reported an earnings per share (EPS) of $1.50 for the latest quarter, exceeding analysts' expectations of $0.95.
• The stock was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen on July 5th.

Truffle Hound Capital LLC cut its stake in shares of Strattec Security Corporation (NASDAQ:STRT - Free Report) by 20.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,000 shares of the auto parts company's stock after selling 25,000 shares during the period. Strattec Security accounts for about 1.4% of Truffle Hound Capital LLC's portfolio, making the stock its 21st biggest position. Truffle Hound Capital LLC owned about 2.40% of Strattec Security worth $3,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of STRT. Tower Research Capital LLC TRC purchased a new stake in shares of Strattec Security during the fourth quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Strattec Security by 57.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company's stock valued at $71,000 after buying an additional 623 shares during the period. Bank of America Corp DE raised its holdings in shares of Strattec Security by 137.9% in 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 in the last quarter. JPMorgan Chase & Co. increased its position in Strattec Security by 172.0% during the 4th quarter. JPMorgan Chase & Co. now owns 4,392 shares of the auto parts company's stock valued at $181,000 after purchasing an additional 2,777 shares during the period. Finally, Barclays PLC lifted its position in shares of Strattec Security by 25.5% in the 4th quarter. Barclays PLC now owns 4,957 shares of the auto parts company's stock worth $204,000 after purchasing an additional 1,007 shares during the period. 68.91% of the stock is owned by institutional investors.

Strattec Security Stock Down 0.6%

Shares of NASDAQ:STRT traded down $0.40 on Tuesday, reaching $64.12. The company had a trading volume of 24,353 shares, compared to its average volume of 47,547. The firm has a market capitalization of $267.36 million, a PE ratio of 12.95, a PEG ratio of 1.31 and a beta of 1.30. The company has a current ratio of 2.33, a quick ratio of 1.72 and a debt-to-equity ratio of 0.06. Strattec Security Corporation has a 52-week low of $22.44 and a 52-week high of $70.58. The firm's 50 day simple moving average is $60.92 and its 200-day simple moving average is $48.45.

Strattec Security (NASDAQ:STRT - Get Free Report) last posted its 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. The company had revenue of $144.08 million for the quarter, compared to analyst estimates of $140.84 million. Strattec Security had a return on equity of 9.66% and a net margin of 3.60%. As a group, analysts expect that Strattec Security Corporation will post 3.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.