Point72 Asia Singapore Pte. Ltd. Raises Stake in Strattec Security Co. (NASDAQ:STRT)

Point72 Asia Singapore Pte. Ltd. grew its position in Strattec Security Co. (NASDAQ:STRT) by 57.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,715 shares of the auto parts company’s stock after purchasing an additional 623 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Strattec Security were worth $71,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC lifted its stake in shares of Strattec Security by 143.8% during the 4th quarter. Millennium Management LLC now owns 29,597 shares of the auto parts company’s stock valued at $1,219,000 after buying an additional 17,459 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in Strattec Security by 42.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 39,978 shares of the auto parts company’s stock valued at $1,647,000 after acquiring an additional 11,850 shares during the period. Bank of America Corp DE lifted its position in shares of Strattec Security by 137.9% in 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 acquiring an additional 1,280 shares in the last quarter. 683 Capital Management LLC bought a new position in shares of Strattec Security in the fourth quarter worth about $351,000. Finally, Jane Street Group LLC purchased a new stake in shares of Strattec Security during the fourth quarter worth about $406,000. 68.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Strattec Security

In other news, COO Rolando Guillot sold 3,500 shares of the company’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 transaction of $175,350.00. Following the sale, the chief operating officer now directly owns 36,443 shares of the company’s stock, valued at $1,825,794.30. This represents 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.

Analysts Set New Price Targets

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

Strattec Security Trading Down 3.6%

Strattec Security stock opened at $48.28 on Monday. Strattec Security Co. has a 1 year low of $21.05 and a 1 year high of $53.01. The firm’s 50 day moving average price is $38.85 and its 200-day moving average price is $40.92. 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 stock has a market cap of $201.23 million, a P/E ratio of 12.07, a PEG ratio of 1.37 and a beta of 1.10.

Strattec Security (NASDAQ:STRT) last posted its 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 net margin of 2.92% and a return on equity of 7.76%. On average, equities analysts predict that Strattec Security Co. will post 3.67 earnings per share for the current fiscal year.

About Strattec Security

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.