Peapod Lane Capital LLC Acquires Shares of 71,214 Strattec Security Co. (NASDAQ:STRT)

Peapod Lane Capital LLC acquired a new stake in shares of Strattec Security Co. (NASDAQ:STRT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 71,214 shares of the auto parts company’s stock, valued at approximately $2,934,000. Strattec Security makes up 2.9% of Peapod Lane Capital LLC’s investment portfolio, making the stock its 9th largest holding. Peapod Lane Capital LLC owned approximately 1.74% of Strattec Security at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Factorial Partners LLC purchased a new position in Strattec Security during the 3rd quarter valued at approximately $1,346,000. Allspring Global Investments Holdings LLC bought a new position in shares of Strattec Security during the 3rd quarter valued at approximately $1,071,000. Ritholtz Wealth Management purchased a new position in shares of Strattec Security in the fourth quarter valued at $475,000. Geode Capital Management LLC increased its position 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 worth $1,776,000 after purchasing an additional 2,314 shares during the last quarter. Finally, Barclays PLC increased its position in Strattec Security by 126.0% in the third quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock worth $169,000 after purchasing an additional 2,202 shares during the last quarter. 68.91% of the stock is owned by institutional investors.

Strattec Security Price Performance

STRT opened at $49.54 on Thursday. The business has a fifty day moving average of $40.30 and a 200 day moving average of $38.22. The stock has a market cap of $203.11 million, a P/E ratio of 12.39, a PEG ratio of 1.39 and a beta of 1.15. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.06. Strattec Security Co. has a 52-week low of $21.05 and a 52-week high of $49.64.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 7th.

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.