Pacific Ridge Capital Partners LLC Sells 69,406 Shares of Strattec Security Corporation $STRT

Pacific Ridge Capital Partners LLC lowered its position in Strattec Security Corporation (NASDAQ:STRT) by 46.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,561 shares of the auto parts company’s stock after selling 69,406 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 1.88% of Strattec Security worth $5,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of STRT. Geode Capital Management LLC grew its stake in shares of Strattec Security by 110.2% during the second quarter. Geode Capital Management LLC now owns 90,389 shares of the auto parts company’s stock valued at $5,624,000 after buying an additional 47,389 shares during the last quarter. Invesco Ltd. bought a new stake in shares of Strattec Security during the 2nd quarter worth approximately $2,831,000. Pacer Advisors Inc. purchased a new position in Strattec Security during the 3rd quarter valued at $2,891,000. Ameriprise Financial Inc. bought a new position in Strattec Security in the 2nd quarter valued at $1,806,000. Finally, American Century Companies Inc. grew its position in Strattec Security by 58.9% in the 2nd quarter. American Century Companies Inc. now owns 68,459 shares of the auto parts company’s stock valued at $4,259,000 after acquiring an additional 25,371 shares during the last quarter. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on STRT. Wall Street Zen upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Zacks Research raised shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Strattec Security in a report on Monday, December 29th. Finally, Freedom Capital downgraded shares of Strattec Security from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Strattec Security Trading Up 2.4%

Shares of Strattec Security stock opened at $90.91 on Thursday. The stock’s fifty day moving average price is $82.71 and its 200-day moving average price is $74.32. The firm has a market cap of $380.00 million, a P/E ratio of 13.77, a P/E/G ratio of 1.42 and a beta of 1.19. Strattec Security Corporation has a 12 month low of $31.57 and a 12 month high of $92.50.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Thursday, February 5th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.78. The company had revenue of $137.53 million for the quarter, compared to analysts’ expectations of $132.29 million. Strattec Security had a net margin of 4.63% and a return on equity of 12.33%. Analysts forecast that Strattec Security Corporation will post 3.67 earnings per share 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.