Gamco Investors INC. ET AL Sells 16,571 Shares of Strattec Security Co. (NASDAQ:STRT)

Gamco Investors INC. ET AL lessened its stake in shares of Strattec Security Co. (NASDAQ:STRT - Free Report) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 720,779 shares of the auto parts company's stock after selling 16,571 shares during the quarter. Gamco Investors INC. ET AL owned 17.58% of Strattec Security worth $29,696,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Truffle Hound Capital LLC bought a new position in shares of Strattec Security during the fourth quarter valued at $5,150,000. Renaissance Technologies LLC lifted its holdings in Strattec Security by 4.2% during the 4th quarter. Renaissance Technologies LLC now owns 100,906 shares of the auto parts company's stock valued at $4,157,000 after purchasing an additional 4,100 shares during the last quarter. Peapod Lane Capital LLC acquired a new position in Strattec Security in the fourth quarter valued at about $2,934,000. Allspring Global Investments Holdings LLC grew its stake in Strattec Security by 85.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company's stock worth $1,915,000 after buying an additional 21,376 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Strattec Security by 5.9% during the third 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 in the last quarter. Institutional investors own 68.91% of the company's stock.

Analyst Upgrades and Downgrades

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

Strattec Security Price Performance

Shares of STRT stock traded down $0.48 during trading hours on Friday, hitting $34.84. 32,688 shares of the company's stock were exchanged, compared to its average volume of 20,531. Strattec Security Co. has a 52 week low of $21.05 and a 52 week high of $53.01. The stock has a market cap of $145.35 million, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.60 and a quick ratio of 1.77. The stock's 50-day moving average is $42.96 and its 200-day moving average is $40.94.

Insiders Place Their Bets

In other news, COO Rolando Guillot sold 3,500 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.10, for a total transaction of $175,350.00. Following the sale, the chief operating officer now directly owns 36,443 shares of the company's stock, valued at $1,825,794.30. This represents a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.40% of the company's stock.

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.