Gate City Capital Management LLC Lowers Stake in Strattec Security Co. (NASDAQ:STRT)

Gate City Capital Management LLC cut its position in Strattec Security Co. (NASDAQ:STRT - Free Report) by 20.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 328,060 shares of the auto parts company's stock after selling 84,281 shares during the quarter. Strattec Security comprises about 8.2% of Gate City Capital Management LLC's portfolio, making the stock its 6th biggest holding. Gate City Capital Management LLC owned approximately 8.00% of Strattec Security worth $13,516,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in STRT. Allspring Global Investments Holdings LLC lifted its position in shares of Strattec Security by 85.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company's stock worth $1,915,000 after buying an additional 21,376 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of Strattec Security during the 4th quarter worth $475,000. Geode Capital Management LLC lifted its position in shares of Strattec Security by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 41,618 shares of the auto parts company's stock worth $1,776,000 after buying an additional 2,314 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Strattec Security during the 4th quarter worth $560,000. Finally, Empowered Funds LLC bought a new stake in shares of Strattec Security during the 4th quarter worth $687,000. 68.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Strattec Security news, COO Rolando Guillot sold 3,500 shares of the firm's stock in a transaction that occurred on 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 sale, the chief operating officer now owns 36,443 shares of the company's stock, valued at approximately $1,825,794.30. This trade represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.40% of the stock is currently owned by insiders.

Strattec Security Trading Up 10.1%

Strattec Security stock traded up $3.68 during trading hours on Friday, hitting $40.28. The stock had a trading volume of 30,192 shares, compared to its average volume of 21,391. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.06. The stock has a market cap of $168.05 million, a price-to-earnings ratio of 10.07, a P/E/G ratio of 1.37 and a beta of 1.10. Strattec Security Co. has a one year low of $21.05 and a one year high of $53.01. The business's 50 day simple moving average is $38.74 and its 200-day simple moving average is $40.65.

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

Analyst Upgrades and Downgrades

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

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.