Allspring Global Investments Holdings LLC lifted its position in Strattec Security Co. (NASDAQ:STRT - Free Report) by 85.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,476 shares of the auto parts company's stock after purchasing an additional 21,376 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.13% of Strattec Security worth $1,915,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of STRT. West Oak Capital LLC raised its stake in Strattec Security by 5,525.0% during the fourth quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 1,105 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Strattec Security in the 3rd quarter worth about $47,000. JPMorgan Chase & Co. purchased a new stake in shares of Strattec Security during the 3rd quarter valued at about $69,000. Barclays PLC lifted its holdings in shares of Strattec Security by 126.0% in the 3rd quarter. Barclays PLC now owns 3,950 shares of the auto parts company's stock valued at $169,000 after acquiring an additional 2,202 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Strattec Security in the 3rd quarter valued at about $308,000. 68.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Strattec Security from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 7th.
Read Our Latest Stock Report on Strattec Security
Strattec Security Trading Down 1.0 %
STRT traded down $0.52 during trading on Tuesday, reaching $49.98. The company had a trading volume of 30,023 shares, compared to its average volume of 28,131. The business has a 50 day simple moving average of $41.60 and a 200-day simple moving average of $39.86. The stock has a market cap of $208.52 million, a P/E ratio of 12.50, a PEG ratio of 1.37 and a beta of 1.15. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.06. Strattec Security Co. has a 52 week low of $21.05 and a 52 week high of $53.01.
About Strattec Security
(
Free Report)
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.
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