Susquehanna International Group LLP Makes New Investment in Strattec Security Co. (NASDAQ:STRT)

Susquehanna International Group LLP bought a new position in Strattec Security Co. (NASDAQ:STRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 42,844 shares of the auto parts company's stock, valued at approximately $1,765,000. Susquehanna International Group LLP owned approximately 1.04% of Strattec Security as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC raised its holdings in Strattec Security by 126.0% in the third quarter. Barclays PLC now owns 3,950 shares of the auto parts company's stock worth $169,000 after purchasing an additional 2,202 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Strattec Security in the 3rd quarter worth about $69,000. Ritholtz Wealth Management bought a new position in shares of Strattec Security in the 4th quarter worth about $475,000. Empowered Funds LLC purchased a new position in Strattec Security during the 4th quarter valued at about $687,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Strattec Security by 85.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company's stock worth $1,915,000 after acquiring an additional 21,376 shares in the last quarter. Hedge funds and other institutional investors own 68.91% of the company's stock.

Strattec Security Stock Up 10.4%

NASDAQ:STRT traded up $4.54 during trading hours on Wednesday, reaching $48.22. 69,064 shares of the company traded hands, compared to its average volume of 21,608. Strattec Security Co. has a 1 year low of $21.05 and a 1 year high of $53.01. The stock has a market capitalization of $201.17 million, a P/E ratio of 12.06, a P/E/G ratio of 1.37 and a beta of 1.10. The business's 50-day moving average price is $38.59 and its two-hundred day moving average price is $40.69. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06.

Strattec Security (NASDAQ:STRT - Get Free Report) last announced its quarterly earnings results 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. Strattec Security had a net margin of 2.92% and a return on equity of 7.76%. The company had revenue of $144.08 million for the quarter, compared to analysts' expectations of $140.84 million. Analysts predict that Strattec Security Co. will post 3.67 earnings per share for the current year.

Insider Transactions at Strattec Security

In related news, COO Rolando Guillot sold 3,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.40% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.