Algert Global LLC grew its position in shares of Strattec Security Corporation (NASDAQ:STRT) by 17.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,249 shares of the auto parts company’s stock after acquiring an additional 2,652 shares during the quarter. Algert Global LLC owned 0.50% of Strattec Security worth $746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in Strattec Security by 8.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 305,559 shares of the auto parts company’s stock worth $12,497,000 after acquiring an additional 24,169 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Strattec Security by 132.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 31,494 shares of the auto parts company’s stock worth $1,288,000 after acquiring an additional 17,951 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Strattec Security by 21.4% during the 3rd quarter. Prudential Financial Inc. now owns 8,500 shares of the auto parts company’s stock worth $347,000 after acquiring an additional 1,500 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of Strattec Security in the 2nd quarter worth about $208,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Strattec Security in the 2nd quarter worth about $608,000. 81.94% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Richard P. Messina sold 3,200 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $46.04, for a total value of $147,328.00. Following the sale, the vice president now directly owns 4,840 shares in the company, valued at approximately $222,833.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Patrick J. Hansen sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $45.00, for a total value of $90,000.00. Following the completion of the sale, the chief financial officer now owns 11,950 shares in the company, valued at $537,750. The disclosure for this sale can be found here. Insiders sold a total of 9,100 shares of company stock worth $414,899 over the last three months. 7.10% of the stock is owned by insiders.
Strattec Security Corporation (NASDAQ STRT) opened at $39.10 on Monday. The company has a quick ratio of 1.43, a current ratio of 2.02 and a debt-to-equity ratio of 0.23. The firm has a market cap of $143.55, a PE ratio of 17.69 and a beta of 1.68. Strattec Security Corporation has a fifty-two week low of $23.00 and a fifty-two week high of $49.20.
Strattec Security (NASDAQ:STRT) last issued its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.12. The company had revenue of $102.46 million for the quarter. Strattec Security had a net margin of 1.93% and a return on equity of 4.86%.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, December 14th. Strattec Security’s dividend payout ratio (DPR) is currently 25.34%.
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About Strattec Security
Strattec Security Corporation designs, develops, manufactures and markets automotive access control products. The Company offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers.
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