Central Pacific Bank Trust Division Decreases Stock Holdings in Strattec Security Co. (NASDAQ:STRT)

Central Pacific Bank Trust Division reduced its position in shares of Strattec Security Co. (NASDAQ:STRT) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,600 shares of the auto parts company’s stock after selling 700 shares during the period. Central Pacific Bank Trust Division owned 0.28% of Strattec Security worth $478,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of STRT. Acuitas Investments LLC bought a new position in Strattec Security during the 2nd quarter valued at approximately $925,000. Perritt Capital Management Inc raised its holdings in shares of Strattec Security by 47.0% during the second quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock valued at $253,000 after acquiring an additional 3,229 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Strattec Security by 11.1% in the second quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock worth $2,128,000 after acquiring an additional 8,500 shares during the period. Marquette Asset Management LLC boosted its holdings in Strattec Security by 96.4% in the third quarter. Marquette Asset Management LLC now owns 11,332 shares of the auto parts company’s stock valued at $483,000 after acquiring an additional 5,563 shares in the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in Strattec Security in the third quarter valued at $266,000. 68.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Strattec Security from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

Strattec Security Stock Performance

Shares of STRT opened at $40.87 on Friday. The company has a 50-day simple moving average of $40.86 and a two-hundred day simple moving average of $35.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.18 and a quick ratio of 1.48. The firm has a market capitalization of $167.61 million, a PE ratio of 10.37, a price-to-earnings-growth ratio of 1.59 and a beta of 1.15. Strattec Security Co. has a one year low of $21.05 and a one year high of $44.26.

Strattec Security (NASDAQ:STRT) last released its earnings results on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.36. The company had revenue of $139.05 million during the quarter, compared to analysts’ expectations of $139.32 million. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. During the same quarter last year, the business posted $1.05 EPS. On average, analysts anticipate that Strattec Security Co. will post 2.76 EPS for the current fiscal year.

About Strattec Security

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.