Factorial Partners LLC Makes New Investment in Strattec Security Co. (NASDAQ:STRT)

Factorial Partners LLC acquired a new stake in shares of Strattec Security Co. (NASDAQ:STRT - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 31,546 shares of the auto parts company's stock, valued at approximately $1,346,000. Factorial Partners LLC owned approximately 0.77% of Strattec Security as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Strattec Security during the 3rd quarter valued at $1,071,000. Gabelli Funds LLC grew its holdings in Strattec Security by 9.2% during the first quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company's stock worth $873,000 after buying an additional 3,100 shares in the last quarter. Marquette Asset Management LLC lifted its position in shares of Strattec Security by 96.4% during the 3rd quarter. Marquette Asset Management LLC now owns 11,332 shares of the auto parts company's stock valued at $483,000 after buying an additional 5,563 shares during the last quarter. Renaissance Technologies LLC increased its stake in Strattec Security by 11.1% in the 2nd quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company's stock worth $2,128,000 after acquiring an additional 8,500 shares during the last quarter. Finally, Acuitas Investments LLC purchased a new stake in Strattec Security in the 2nd quarter worth approximately $925,000. Institutional investors own 68.91% of the company's stock.

Strattec Security Stock Down 2.4 %

Shares of Strattec Security stock traded down $0.99 during trading on Wednesday, reaching $39.74. The company had a trading volume of 12,750 shares, compared to its average volume of 14,400. The firm's fifty day moving average is $38.73 and its 200-day moving average is $31.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 2.18. The company has a market cap of $162.93 million, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 1.47 and a beta of 1.14. Strattec Security Co. has a fifty-two week low of $20.87 and a fifty-two week high of $43.15.

Strattec Security (NASDAQ:STRT - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.36. Strattec Security had a net margin of 2.93% and a return on equity of 7.12%. The firm had revenue of $139.05 million during the quarter, compared to the consensus estimate of $139.32 million. During the same period last year, the firm posted $1.05 EPS. On average, analysts anticipate that Strattec Security Co. will post 2.76 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Strattec Security from a "hold" rating to a "buy" rating in a report on Thursday, November 14th.

Strattec Security Profile

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.