Pacer Advisors Inc. Takes $2.89 Million Position in Strattec Security Corporation $STRT

Pacer Advisors Inc. bought a new position in shares of Strattec Security Corporation (NASDAQ:STRT) during the third quarter, according to its most recent filing with the SEC. The fund bought 42,470 shares of the auto parts company’s stock, valued at approximately $2,891,000.

Other large investors have also added to or reduced their stakes in the company. Captrust Financial Advisors bought a new stake in Strattec Security in the second quarter worth about $225,000. Lazard Asset Management LLC increased its stake in shares of Strattec Security by 414.3% during the 2nd quarter. Lazard Asset Management LLC now owns 13,500 shares of the auto parts company’s stock worth $839,000 after purchasing an additional 10,875 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Strattec Security by 420.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,464 shares of the auto parts company’s stock worth $153,000 after purchasing an additional 1,991 shares during the period. Bridgeway Capital Management LLC lifted its stake in Strattec Security by 3.9% in the second quarter. Bridgeway Capital Management LLC now owns 42,613 shares of the auto parts company’s stock valued at $2,651,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in Strattec Security during the second quarter valued at $1,806,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Strattec Security Price Performance

Shares of STRT stock opened at $77.15 on Wednesday. The stock has a market capitalization of $323.26 million, a price-to-earnings ratio of 13.49, a PEG ratio of 1.48 and a beta of 1.18. The company’s fifty day simple moving average is $73.05 and its two-hundred day simple moving average is $68.66. Strattec Security Corporation has a 1 year low of $31.57 and a 1 year high of $83.26.

Strattec Security (NASDAQ:STRT) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.74. The firm had revenue of $152.40 million during the quarter, compared to analyst estimates of $144.87 million. Strattec Security had a return on equity of 10.94% and a net margin of 4.06%. Equities research analysts anticipate that Strattec Security Corporation will post 3.67 EPS for the current year.

Insider Buying and Selling

In other Strattec Security news, VP Richard P. Messina sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $66.35, for a total value of $199,050.00. Following the completion of the transaction, the vice president owned 11,624 shares in the company, valued at $771,252.40. This trade represents a 20.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Strattec Security in a research note on Monday. Zacks Research raised Strattec Security from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Strattec Security

Strattec Security Corporation is a Wisconsin‐based designer and manufacturer of mechanical and electronic locking systems for the global automotive market. Established more than five decades ago, the company supplies original equipment manufacturers (OEMs) and the aftermarket with a broad portfolio of lock and key solutions tailored to passenger cars, light trucks and commercial vehicles.

The company’s product range includes mechanical locking systems such as door lock cylinders, ignition lock modules, key blanks and door handles, as well as electromechanical and keyless‐entry systems.