Marquette Asset Management LLC Sells 1,108 Shares of Strattec Security Co. (NASDAQ:STRT)

Marquette Asset Management LLC lessened its holdings in Strattec Security Co. (NASDAQ:STRT) by 9.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,224 shares of the auto parts company’s stock after selling 1,108 shares during the period. Marquette Asset Management LLC owned 0.25% of Strattec Security worth $421,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in shares of Strattec Security by 11.1% in the 2nd quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock valued at $2,128,000 after acquiring an additional 8,500 shares in the last quarter. De Lisle Partners LLP increased its position in shares of Strattec Security by 11.2% in the third quarter. De Lisle Partners LLP now owns 43,094 shares of the auto parts company’s stock worth $1,830,000 after purchasing an additional 4,355 shares during the last quarter. Geode Capital Management LLC raised its stake in Strattec Security by 5.9% in the third quarter. Geode Capital Management LLC now owns 41,618 shares of the auto parts company’s stock valued at $1,776,000 after purchasing an additional 2,314 shares in the last quarter. Factorial Partners LLC bought a new stake in Strattec Security during the third quarter valued at approximately $1,346,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Strattec Security in the 3rd quarter worth approximately $1,071,000. Institutional investors own 68.91% of the company’s stock.

Strattec Security Trading Down 0.9 %

Shares of STRT stock opened at $38.06 on Wednesday. The business has a 50-day moving average price of $41.01 and a two-hundred day moving average price of $36.19. Strattec Security Co. has a 12-month low of $21.05 and a 12-month high of $44.26. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.06. The firm has a market cap of $156.08 million, a P/E ratio of 9.66, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16.

Strattec Security (NASDAQ:STRT) last released its earnings results on Monday, November 4th. The auto parts company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.36. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. The company had revenue of $139.05 million during the quarter, compared to the consensus estimate of $139.32 million. During the same quarter in the previous year, the company posted $1.05 EPS. Equities analysts anticipate that Strattec Security Co. will post 2.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Strattec Security from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

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.