Gamco Investors INC. ET AL Has $40.57 Million Position in Strattec Security Corporation $STRT

Gamco Investors INC. ET AL cut its position in Strattec Security Corporation (NASDAQ:STRT) by 12.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 596,045 shares of the auto parts company’s stock after selling 81,124 shares during the period. Gamco Investors INC. ET AL owned approximately 0.14% of Strattec Security worth $40,567,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of Strattec Security by 137.9% during the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock worth $91,000 after purchasing an additional 1,280 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Strattec Security by 41.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,548 shares of the auto parts company’s stock valued at $890,000 after buying an additional 6,624 shares during the last quarter. Empowered Funds LLC boosted its position in Strattec Security by 3.3% during the 1st quarter. Empowered Funds LLC now owns 17,221 shares of the auto parts company’s stock worth $680,000 after buying an additional 555 shares during the period. Jane Street Group LLC boosted its position in Strattec Security by 61.1% during the 1st quarter. Jane Street Group LLC now owns 15,869 shares of the auto parts company’s stock worth $626,000 after buying an additional 6,019 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in Strattec Security during the 2nd quarter worth approximately $388,000. 68.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on STRT. Freedom Capital cut shares of Strattec Security from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Strattec Security in a report on Monday, December 29th. Zacks Research raised shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Wall Street Zen upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Strattec Security currently has an average rating of “Buy”.

Strattec Security Stock Down 2.3%

Shares of NASDAQ:STRT opened at $80.45 on Friday. The stock has a market cap of $336.28 million, a price-to-earnings ratio of 12.19, a PEG ratio of 1.32 and a beta of 1.18. The business’s 50 day moving average is $83.40 and its 200 day moving average is $74.79. Strattec Security Corporation has a 12-month low of $31.57 and a 12-month high of $92.50.

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

About Strattec Security

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.