Marquette Asset Management LLC Grows Position in Strattec Security Co. (NASDAQ:STRT)

Marquette Asset Management LLC boosted its stake in shares of Strattec Security Co. (NASDAQ:STRT) by 96.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,332 shares of the auto parts company’s stock after buying an additional 5,563 shares during the period. Marquette Asset Management LLC’s holdings in Strattec Security were worth $483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Gate City Capital Management LLC bought a new stake in Strattec Security in the 4th quarter worth approximately $10,270,000. Gabelli Funds LLC increased its position in Strattec Security by 9.2% in the first quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company’s stock worth $873,000 after purchasing an additional 3,100 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in Strattec Security in the first quarter worth $325,000. Renaissance Technologies LLC raised its stake in Strattec Security by 11.1% during the second quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock valued at $2,128,000 after purchasing an additional 8,500 shares in the last quarter. Finally, Acuitas Investments LLC bought a new position in Strattec Security during the second quarter valued at $925,000. 68.91% of the stock is currently owned by institutional investors.

Strattec Security Trading Down 1.2 %

Shares of NASDAQ STRT opened at $38.45 on Wednesday. Strattec Security Co. has a 1-year low of $20.87 and a 1-year high of $43.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.15 and a quick ratio of 1.46. The business’s 50 day moving average is $35.39 and its two-hundred day moving average is $28.41. The stock has a market capitalization of $157.65 million, a P/E ratio of 38.84, a PEG ratio of 1.90 and a beta of 1.13.

Strattec Security (NASDAQ:STRT) last released its earnings results on Thursday, August 8th. The auto parts company reported $2.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $2.01. The firm had revenue of $143.06 million for the quarter, compared to the consensus estimate of $141.51 million. Strattec Security had a return on equity of 7.43% and a net margin of 3.03%. As a group, research analysts expect that Strattec Security Co. will post 1.98 EPS for the current year.

Insider Buying and Selling at Strattec Security

In other news, VP Richard P. Messina sold 1,270 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $38.78, for a total value of $49,250.60. Following the completion of the sale, the vice president now owns 11,930 shares in the company, valued at approximately $462,645.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 2,070 shares of company stock worth $74,033 over the last quarter. Insiders own 6.93% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Strattec Security from a “strong-buy” rating to a “buy” rating in a report on Friday, August 2nd.

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.