Truffle Hound Capital LLC Has $3.95 Million Stock Position in Strattec Security Corporation (NASDAQ:STRT)

Truffle Hound Capital LLC reduced its position in Strattec Security Corporation (NASDAQ:STRT - Free Report) by 20.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the auto parts company's stock after selling 25,000 shares during the period. Strattec Security comprises approximately 1.4% of Truffle Hound Capital LLC's holdings, making the stock its 21st largest position. Truffle Hound Capital LLC owned approximately 2.40% of Strattec Security worth $3,946,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. De Lisle Partners LLP boosted its position in shares of Strattec Security by 2.4% in the first quarter. De Lisle Partners LLP now owns 44,129 shares of the auto parts company's stock worth $1,736,000 after buying an additional 1,035 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Strattec Security by 16.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 54,202 shares of the auto parts company's stock worth $2,139,000 after acquiring an additional 7,726 shares in the last quarter. Ritholtz Wealth Management boosted its position in Strattec Security by 152.1% during the 1st quarter. Ritholtz Wealth Management now owns 29,051 shares of the auto parts company's stock worth $1,146,000 after acquiring an additional 17,529 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in Strattec Security by 57.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company's stock worth $71,000 after acquiring an additional 623 shares during the period. Finally, Millennium Management LLC grew its stake in Strattec Security by 143.8% during the 4th quarter. Millennium Management LLC now owns 29,597 shares of the auto parts company's stock valued at $1,219,000 after acquiring an additional 17,459 shares in the last quarter. Institutional investors and hedge funds own 68.91% of the company's stock.

Strattec Security Stock Down 2.2%

Strattec Security stock opened at $62.05 on Friday. Strattec Security Corporation has a twelve month low of $21.05 and a twelve month high of $70.58. 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 firm has a market cap of $258.75 million, a PE ratio of 12.54, a P/E/G ratio of 1.34 and a beta of 1.30. The firm's 50 day moving average price is $60.67 and its two-hundred day moving average price is $48.16.

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

Wall Street Analysts Forecast Growth

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

Strattec Security Company 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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