Empowered Funds LLC acquired a new position in Strattec Security Co. (NASDAQ:STRT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,666 shares of the auto parts company's stock, valued at approximately $687,000. Empowered Funds LLC owned about 0.41% of Strattec Security at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Factorial Partners LLC bought a new stake in shares of Strattec Security in the third quarter valued at $1,346,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Strattec Security in the third quarter valued at $1,071,000. Ritholtz Wealth Management bought a new stake in shares of Strattec Security in the fourth quarter valued at $475,000. 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 valued at $1,776,000 after purchasing an additional 2,314 shares during the period. Finally, Barclays PLC raised its stake in shares of Strattec Security by 126.0% during the 3rd quarter. Barclays PLC now owns 3,950 shares of the auto parts company's stock valued at $169,000 after purchasing an additional 2,202 shares during the period. 68.91% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Strattec Security from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 7th.
Read Our Latest Research Report on STRT
Strattec Security Stock Performance
Shares of NASDAQ:STRT traded down $3.39 during midday trading on Friday, reaching $46.96. 40,986 shares of the company traded hands, compared to its average volume of 27,104. 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 12 month low of $21.05 and a 12 month high of $53.01. The firm has a market capitalization of $195.82 million, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The firm's fifty day moving average price is $41.40 and its two-hundred day moving average price is $39.27.
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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