Bridgeway Capital Management LLC Acquires 11,850 Shares of Strattec Security Co. (NASDAQ:STRT)

Bridgeway Capital Management LLC grew its stake in shares of Strattec Security Co. (NASDAQ:STRT - Free Report) by 42.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 39,978 shares of the auto parts company's stock after acquiring an additional 11,850 shares during the quarter. Bridgeway Capital Management LLC owned about 0.98% of Strattec Security worth $1,647,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new stake in Strattec Security during the fourth quarter worth about $33,000. Gabelli Funds LLC lifted its holdings in shares of Strattec Security by 3.2% during the 4th quarter. Gabelli Funds LLC now owns 31,900 shares of the auto parts company's stock worth $1,314,000 after acquiring an additional 1,000 shares during the period. Barclays PLC boosted its position in shares of Strattec Security by 25.5% during the 4th quarter. Barclays PLC now owns 4,957 shares of the auto parts company's stock worth $204,000 after acquiring an additional 1,007 shares in the last quarter. West Oak Capital LLC increased its stake in Strattec Security by 5,525.0% in the fourth quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 1,105 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Strattec Security by 137.9% during 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 purchasing an additional 1,280 shares in the last quarter. 68.91% of the stock is owned by institutional investors and hedge funds.

Strattec Security Price Performance

NASDAQ:STRT traded up $1.65 during trading hours on Thursday, hitting $49.87. The company's stock had a trading volume of 36,149 shares, compared to its average volume of 21,595. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.60 and a quick ratio of 1.77. The company has a market capitalization of $208.06 million, a P/E ratio of 12.47, a PEG ratio of 1.37 and a beta of 1.10. Strattec Security Co. has a twelve month low of $21.05 and a twelve month high of $54.84. The stock has a fifty day simple moving average of $38.65 and a 200-day simple moving average of $40.74.

Strattec Security (NASDAQ:STRT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The auto parts company reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.55. The business had revenue of $144.08 million during the quarter, compared to analysts' expectations of $140.84 million. Strattec Security had a net margin of 2.92% and a return on equity of 7.76%. On average, analysts anticipate that Strattec Security Co. will post 3.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Transactions at Strattec Security

In related news, COO Rolando Guillot sold 3,500 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total transaction of $175,350.00. Following the sale, the chief operating officer now owns 36,443 shares in the company, valued at $1,825,794.30. The trade was a 8.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 6.40% of the company's stock.

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.