Teton Advisors LLC Invests $2.42 Million in Strattec Security Corporation $STRT

Teton Advisors LLC bought a new stake in shares of Strattec Security Corporation (NASDAQ:STRT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 35,500 shares of the auto parts company’s stock, valued at approximately $2,416,000. Strattec Security makes up about 1.5% of Teton Advisors LLC’s investment portfolio, making the stock its 16th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of STRT. Bank of America Corp DE lifted its holdings in Strattec Security by 137.9% in the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock worth $91,000 after buying an additional 1,280 shares during the period. Goldman Sachs Group Inc. boosted its position in Strattec Security by 41.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 22,548 shares of the auto parts company’s stock valued at $890,000 after acquiring an additional 6,624 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Strattec Security by 3.3% during the 1st quarter. Empowered Funds LLC now owns 17,221 shares of the auto parts company’s stock worth $680,000 after acquiring an additional 555 shares during the period. Jane Street Group LLC grew its holdings in shares of Strattec Security by 61.1% during the 1st quarter. Jane Street Group LLC now owns 15,869 shares of the auto parts company’s stock worth $626,000 after acquiring an additional 6,019 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of Strattec Security in the 2nd quarter worth approximately $388,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Strattec Security in a research note on Monday, December 29th. Zacks Research raised Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Wall Street Zen upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 22nd. Finally, Freedom Capital lowered Strattec Security from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Strattec Security currently has an average rating of “Buy”.

Strattec Security Stock Performance

Shares of STRT opened at $80.45 on Friday. Strattec Security Corporation has a fifty-two week low of $31.57 and a fifty-two week high of $92.50. The firm’s 50-day simple moving average is $83.40 and its two-hundred day simple moving average is $74.79. The stock has a market cap of $336.28 million, a PE ratio of 12.19, a price-to-earnings-growth ratio of 1.32 and a beta of 1.18.

Strattec Security (NASDAQ:STRT) last released its earnings results on Thursday, February 5th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.78. Strattec Security had a net margin of 4.63% and a return on equity of 12.33%. The firm had revenue of $137.53 million during the quarter, compared to analyst estimates of $132.29 million. Equities research analysts predict that Strattec Security Corporation will post 3.67 EPS for the current year.

Strattec Security Company Profile

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.