Acuitas Investments LLC Acquires Shares of 37,017 Strattec Security Co. (NASDAQ:STRT)

Acuitas Investments LLC acquired a new stake in Strattec Security Co. (NASDAQ:STRT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 37,017 shares of the auto parts company’s stock, valued at approximately $925,000. Acuitas Investments LLC owned approximately 0.91% of Strattec Security as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new stake in shares of Strattec Security in the 4th quarter worth $96,000. Central Pacific Bank Trust Division acquired a new stake in shares of Strattec Security in the 1st quarter worth $325,000. Gabelli Funds LLC increased its stake in shares of Strattec Security by 9.2% in the 1st quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company’s stock worth $873,000 after acquiring an additional 3,100 shares during the last quarter. Gate City Capital Management LLC acquired a new stake in shares of Strattec Security in the 4th quarter worth $10,270,000. Finally, Gamco Investors INC. ET AL increased its stake in shares of Strattec Security by 2.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 749,115 shares of the auto parts company’s stock worth $17,776,000 after acquiring an additional 16,225 shares during the last quarter. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Wall Street Analyst Weigh In

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

Strattec Security Stock Up 1.6 %

Shares of STRT opened at $35.99 on Friday. The stock has a fifty day simple moving average of $29.53 and a two-hundred day simple moving average of $26.24. The company has a quick ratio of 1.51, a current ratio of 2.24 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $146.48 million, a PE ratio of 35.78, a price-to-earnings-growth ratio of 1.79 and a beta of 1.12. Strattec Security Co. has a 52-week low of $20.87 and a 52-week high of $39.89.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings data on Thursday, August 8th. The auto parts company reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $2.01. The firm had revenue of $143.06 million during the quarter, compared to the consensus estimate of $141.51 million. Strattec Security had a return on equity of 7.49% and a net margin of 3.03%. As a group, equities analysts forecast that Strattec Security Co. will post 1.98 EPS for the current year.

Insider Buying and Selling

In related news, VP Richard P. Messina sold 1,270 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $38.78, for a total transaction of $49,250.60. Following the completion of the sale, the vice president now directly owns 11,930 shares of the company’s stock, valued at approximately $462,645.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.93% of the company’s stock.

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.