Gabelli Funds LLC Has $13.32 Million Stock Position in Strattec Security Corporation $STRT

Gabelli Funds LLC lifted its stake in Strattec Security Corporation (NASDAQ:STRT) by 26.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,900 shares of the auto parts company’s stock after acquiring an additional 36,800 shares during the period. Gabelli Funds LLC’s holdings in Strattec Security were worth $13,317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sierra Summit Advisors LLC acquired a new stake in shares of Strattec Security in the third quarter worth $859,000. Teton Advisors LLC acquired a new stake in shares of Strattec Security in the third quarter worth $2,416,000. Principal Financial Group Inc. acquired a new stake in shares of Strattec Security in the third quarter worth $428,000. WINTON GROUP Ltd acquired a new stake in shares of Strattec Security in the third quarter worth $775,000. Finally, PFG Advisors acquired a new stake in shares of Strattec Security in the third quarter worth $579,000. Institutional investors and hedge funds own 68.91% of the company’s stock.

Insider Activity

In other news, CFO Matthew Pauli bought 2,000 shares of Strattec Security stock in a transaction dated Tuesday, May 12th. The shares were bought at an average price of $62.53 per share, for a total transaction of $125,060.00. Following the purchase, the chief financial officer owned 2,000 shares of the company’s stock, valued at approximately $125,060. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jennifer Lynn Slater bought 801 shares of Strattec Security stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $62.46 per share, for a total transaction of $50,030.46. Following the purchase, the chief executive officer directly owned 57,924 shares in the company, valued at $3,617,933.04. This represents a 1.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 4,598 shares of company stock worth $286,440. Corporate insiders own 3.90% of the company’s stock.

Strattec Security Stock Performance

Shares of NASDAQ:STRT opened at $67.26 on Wednesday. Strattec Security Corporation has a 52 week low of $49.15 and a 52 week high of $92.50. The company’s fifty day moving average is $75.49 and its 200-day moving average is $77.75. The company has a market capitalization of $281.15 million, a PE ratio of 11.10, a P/E/G ratio of 1.12 and a beta of 1.17.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Thursday, May 7th. The auto parts company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.24). Strattec Security had a net margin of 4.31% and a return on equity of 11.00%. The firm had revenue of $137.63 million during the quarter, compared to analyst estimates of $140.35 million. On average, analysts forecast that Strattec Security Corporation will post 6.12 EPS for the current year.

Analysts Set New Price Targets

STRT has been the topic of several research analyst reports. Freedom Capital upgraded shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Strattec Security in a research note on Friday, March 27th. Wall Street Zen downgraded shares of Strattec Security from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Zacks Research downgraded shares of Strattec Security from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Strattec Security currently has a consensus rating of “Moderate Buy”.

Strattec Security 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.