Strattec Security (STRT) Sets New 1-Year Low at $29.29

Shares of Strattec Security Corp. (NASDAQ:STRT) hit a new 52-week low during trading on Thursday . The stock traded as low as $29.29 and last traded at $30.37, with a volume of 17233 shares. The stock had previously closed at $30.25.

Separately, ValuEngine raised Strattec Security from a “sell” rating to a “hold” rating in a report on Friday, August 10th.

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.15 and a quick ratio of 1.51. The firm has a market capitalization of $113.27 million, a P/E ratio of 8.12 and a beta of 1.28.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings data on Thursday, October 25th. The auto parts company reported $0.93 EPS for the quarter. Strattec Security had a return on equity of 7.58% and a net margin of 2.93%. The company had revenue of $117.16 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Tuesday, December 18th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, December 17th.

In related news, VP Brian J. Reetz sold 2,914 shares of Strattec Security stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $30.04, for a total transaction of $87,536.56. Following the transaction, the vice president now directly owns 15,408 shares in the company, valued at $462,856.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Strattec Security by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 140,473 shares of the auto parts company’s stock worth $5,008,000 after acquiring an additional 2,400 shares during the last quarter. Renaissance Technologies LLC boosted its position in Strattec Security by 6.3% during the 3rd quarter. Renaissance Technologies LLC now owns 72,565 shares of the auto parts company’s stock worth $2,587,000 after acquiring an additional 4,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Strattec Security by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 311,341 shares of the auto parts company’s stock worth $11,099,000 after acquiring an additional 3,470 shares during the last quarter. FMR LLC boosted its position in Strattec Security by 6.5% during the 3rd quarter. FMR LLC now owns 495,813 shares of the auto parts company’s stock worth $17,676,000 after acquiring an additional 30,300 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Strattec Security by 120.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,292 shares of the auto parts company’s stock worth $117,000 after acquiring an additional 1,801 shares during the last quarter. Institutional investors own 77.88% of the company’s stock.

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About Strattec Security (NASDAQ:STRT)

Strattec Security Corporation engages in the design, development, manufacture, and marketing of automotive access control products under the VAST brand primarily in the United States. The company offers 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.

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