Gate City Capital Management LLC Has $13.52 Million Stake in Strattec Security Co. (NASDAQ:STRT)

Gate City Capital Management LLC lowered its stake in Strattec Security Co. (NASDAQ:STRT - Free Report) by 20.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 328,060 shares of the auto parts company's stock after selling 84,281 shares during the period. Strattec Security makes up about 8.2% of Gate City Capital Management LLC's investment portfolio, making the stock its 6th largest holding. Gate City Capital Management LLC owned approximately 8.00% of Strattec Security worth $13,516,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Truffle Hound Capital LLC acquired a new position in Strattec Security during the fourth quarter valued at $5,150,000. Peapod Lane Capital LLC purchased a new stake in Strattec Security in the 4th quarter worth approximately $2,934,000. Susquehanna International Group LLP purchased a new position in shares of Strattec Security during the 4th quarter valued at $1,765,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Strattec Security during the fourth quarter worth $960,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Strattec Security by 85.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company's stock valued at $1,915,000 after purchasing an additional 21,376 shares in the last quarter. Institutional investors and hedge funds own 68.91% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Strattec Security

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

Strattec Security Stock Up 8.7%

Shares of Strattec Security stock traded up $3.81 during midday trading on Wednesday, reaching $47.49. 57,976 shares of the company's stock traded hands, compared to its average volume of 21,579. The company has a market cap of $198.13 million, a price-to-earnings ratio of 11.87, a price-to-earnings-growth 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. The company's 50 day simple moving average is $38.59 and its 200 day simple moving average is $40.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 2.60.

Strattec Security (NASDAQ:STRT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The auto parts company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.55. The business 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 7.76% and a net margin of 2.92%. Equities analysts expect that Strattec Security Co. will post 3.67 earnings per share for the current fiscal year.

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.