American Century Companies Inc. Takes $560,000 Position in Strattec Security Co. (NASDAQ:STRT)

American Century Companies Inc. acquired a new stake in shares of Strattec Security Co. (NASDAQ:STRT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,590 shares of the auto parts company's stock, valued at approximately $560,000. American Century Companies Inc. owned about 0.33% of Strattec Security at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Strattec Security by 126.0% during the third 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 in the last quarter. Geode Capital Management LLC increased its stake in 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 valued at $1,776,000 after purchasing an additional 2,314 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Strattec Security during the 3rd quarter valued at about $69,000. West Oak Capital LLC lifted its stake in shares of Strattec Security by 5,525.0% in the fourth quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company's stock worth $46,000 after buying an additional 1,105 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new position in shares of Strattec Security in the fourth quarter worth approximately $475,000. 68.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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Strattec Security Stock Performance

Shares of NASDAQ:STRT traded down $1.08 during midday trading on Tuesday, reaching $35.18. 16,274 shares of the company's stock traded hands, compared to its average volume of 20,286. Strattec Security Co. has a one year low of $21.05 and a one year high of $53.01. The stock has a 50 day moving average of $43.45 and a 200 day moving average of $41.10. The company has a market cap of $146.77 million, a price-to-earnings ratio of 8.80, a P/E/G ratio of 1.37 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 2.60.

Insider Buying and Selling at Strattec Security

In other news, COO Rolando Guillot sold 3,500 shares of Strattec Security 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 6.40% of the company's stock.

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.