PFG Advisors Invests $579,000 in Strattec Security Corporation $STRT

PFG Advisors purchased a new stake in Strattec Security Corporation (NASDAQ:STRT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,504 shares of the auto parts company’s stock, valued at approximately $579,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STRT. Ameritas Investment Partners Inc. purchased a new stake in Strattec Security during the 2nd quarter worth about $25,000. Empowered Funds LLC boosted its stake in Strattec Security by 3.3% in the 1st quarter. Empowered Funds LLC now owns 17,221 shares of the auto parts company’s stock worth $680,000 after purchasing an additional 555 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in Strattec Security by 10.6% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the auto parts company’s stock valued at $509,000 after buying an additional 787 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Strattec Security during the second quarter valued at about $50,000. Finally, Bank of America Corp DE increased its position in shares of Strattec Security by 137.9% during the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock valued at $91,000 after buying an additional 1,280 shares during the period. 68.91% of the stock is currently owned by institutional investors.

Strattec Security Stock Down 1.8%

NASDAQ:STRT opened at $77.92 on Friday. The business’s 50-day moving average price is $83.56 and its two-hundred day moving average price is $75.12. Strattec Security Corporation has a twelve month low of $31.57 and a twelve month high of $92.50. The stock has a market cap of $325.71 million, a P/E ratio of 11.81, a PEG ratio of 1.27 and a beta of 1.18.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings data on Thursday, February 5th. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $0.93 by $0.78. The company had revenue of $137.53 million during the quarter, compared to analyst estimates of $132.29 million. Strattec Security had a return on equity of 12.33% and a net margin of 4.63%. On average, equities research analysts expect that Strattec Security Corporation will post 3.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Strattec Security in a report on Monday, December 29th. Freedom Capital cut shares of Strattec Security from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Finally, Zacks Research raised shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “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.