Aristides Capital LLC Lowers Stock Holdings in Strattec Security Co. (NASDAQ:STRT)

Aristides Capital LLC trimmed its stake in shares of Strattec Security Co. (NASDAQ:STRT - Free Report) by 44.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,785 shares of the auto parts company's stock after selling 8,772 shares during the period. Aristides Capital LLC owned about 0.26% of Strattec Security worth $444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truffle Hound Capital LLC purchased a new position in Strattec Security in the 4th quarter valued at approximately $5,150,000. Peapod Lane Capital LLC acquired a new stake in Strattec Security in the fourth quarter valued at $2,934,000. Allspring Global Investments Holdings LLC increased its position in shares of Strattec Security by 85.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company's stock valued at $1,915,000 after buying an additional 21,376 shares in the last quarter. Geode Capital Management LLC raised its stake 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. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Strattec Security in the 4th quarter worth about $960,000. 68.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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Strattec Security Price Performance

Shares of Strattec Security stock traded down $0.29 during trading on Friday, hitting $35.81. 1,611 shares of the company were exchanged, compared to its average volume of 20,152. Strattec Security Co. has a fifty-two week low of $21.05 and a fifty-two week high of $53.01. 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 firm has a 50 day moving average price of $43.47 and a 200 day moving average price of $41.13. The stock has a market capitalization of $149.40 million, a price-to-earnings ratio of 8.92, a P/E/G ratio of 1.37 and a beta of 1.02.

Insiders Place Their Bets

In related news, COO Rolando Guillot sold 3,500 shares of the stock in a transaction 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 owns 36,443 shares of the company's stock, valued at $1,825,794.30. This trade represents a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.40% of the stock is currently owned by company insiders.

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.