Royce & Associates LP trimmed its holdings in shares of Strattec Security Corp. (NASDAQ:STRT) by 47.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 166,787 shares of the auto parts company’s stock after selling 153,590 shares during the quarter. Royce & Associates LP’s holdings in Strattec Security were worth $7,264,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Wells Fargo & Company MN raised its holdings in shares of Strattec Security by 274.8% during the fourth quarter. Wells Fargo & Company MN now owns 5,142 shares of the auto parts company’s stock worth $224,000 after purchasing an additional 3,770 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Strattec Security by 212.3% during the fourth quarter. Acadian Asset Management LLC now owns 6,915 shares of the auto parts company’s stock worth $301,000 after purchasing an additional 4,701 shares during the period. Prudential Financial Inc. raised its holdings in shares of Strattec Security by 21.4% during the third quarter. Prudential Financial Inc. now owns 8,500 shares of the auto parts company’s stock worth $347,000 after purchasing an additional 1,500 shares during the period. Unison Advisors LLC acquired a new stake in shares of Strattec Security during the fourth quarter worth $376,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Strattec Security during the second quarter worth $608,000. 79.31% of the stock is currently owned by institutional investors.
Shares of Strattec Security Corp. (STRT) opened at $36.10 on Wednesday. The firm has a market cap of $133.72, a price-to-earnings ratio of 13.22 and a beta of 1.52. Strattec Security Corp. has a twelve month low of $23.00 and a twelve month high of $49.20. The company has a current ratio of 2.16, a quick ratio of 1.48 and a debt-to-equity ratio of 0.26.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.55%. Strattec Security’s dividend payout ratio (DPR) is presently 20.51%.
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Strattec Security Company Profile
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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