Strattec Security Co. (NASDAQ:STRT) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC trimmed its stake in shares of Strattec Security Co. (NASDAQ:STRT) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,584 shares of the auto parts company’s stock after selling 645 shares during the period. Essex Investment Management Co. LLC’s holdings in Strattec Security were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Peapod Lane Capital LLC purchased a new position in Strattec Security in the 4th quarter valued at approximately $2,934,000. Factorial Partners LLC acquired a new stake in Strattec Security in the third quarter valued at $1,346,000. Allspring Global Investments Holdings LLC increased its position in shares of Strattec Security by 85.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company’s stock valued at $1,915,000 after buying an additional 21,376 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Strattec Security during the 4th quarter worth $687,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of Strattec Security in the 4th quarter worth about $475,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Insider Transactions at Strattec Security

In related news, COO Rolando Guillot sold 3,500 shares of Strattec Security stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total transaction of $175,350.00. Following the completion of the sale, the chief operating officer now owns 36,443 shares in the company, valued at approximately $1,825,794.30. This trade represents a 8.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

Strattec Security Price Performance

STRT stock opened at $45.21 on Monday. The stock’s 50 day moving average price is $42.77 and its 200 day moving average price is $40.50. The firm has a market cap of $188.62 million, a P/E ratio of 11.30, a PEG ratio of 1.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 2.60. Strattec Security Co. has a 1 year low of $21.05 and a 1 year high of $53.01.

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.