Schonfeld Strategic Advisors LLC Buys Shares of 5,774 Strattec Security Co. (NASDAQ:STRT)

Schonfeld Strategic Advisors LLC acquired a new stake in shares of Strattec Security Co. (NASDAQ:STRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,774 shares of the auto parts company's stock, valued at approximately $238,000. Schonfeld Strategic Advisors LLC owned 0.14% of Strattec Security at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northern Trust Corp lifted its position in Strattec Security by 31.7% during the fourth quarter. Northern Trust Corp now owns 18,703 shares of the auto parts company's stock valued at $771,000 after buying an additional 4,506 shares during the period. Susquehanna International Group LLP purchased a new position in Strattec Security during the fourth quarter valued at $1,765,000. Tower Research Capital LLC TRC purchased a new position in Strattec Security during the fourth quarter valued at $33,000. Dimensional Fund Advisors LP lifted its position in Strattec Security by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 234,260 shares of the auto parts company's stock valued at $9,652,000 after buying an additional 7,880 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Strattec Security by 47.8% in the 4th quarter. Marshall Wace LLP now owns 13,805 shares of the auto parts company's stock worth $569,000 after purchasing an additional 4,464 shares during the last quarter. Hedge funds and other institutional investors own 68.91% of the company's stock.

Strattec Security Stock Up 4.6%

Shares of STRT traded up $2.21 during trading hours on Monday, hitting $50.49. The company had a trading volume of 46,706 shares, compared to its average volume of 21,945. The firm has a fifty day moving average price of $38.95 and a 200-day moving average price of $41.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 2.60. The stock has a market capitalization of $210.44 million, a price-to-earnings ratio of 12.62, a P/E/G ratio of 1.37 and a beta of 1.10. Strattec Security Co. has a 52-week low of $21.05 and a 52-week high of $53.01.

Strattec Security (NASDAQ:STRT - Get Free Report) last posted its quarterly 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. The firm had revenue of $144.08 million during the quarter, compared to analyst estimates of $140.84 million. Strattec Security had a return on equity of 7.76% and a net margin of 2.92%. On average, equities research analysts forecast that Strattec Security Co. will post 3.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Strattec Security from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 7th.

Insider Transactions at Strattec Security

In other news, COO Rolando Guillot sold 3,500 shares of Strattec Security stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total value of $175,350.00. Following the completion of the transaction, the chief operating officer now owns 36,443 shares of the company's stock, valued at $1,825,794.30. The trade was a 8.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.40% of the stock is owned by insiders.

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.