Peapod Lane Capital LLC Invests $2.93 Million in Strattec Security Co. (NASDAQ:STRT)

Peapod Lane Capital LLC bought a new stake in shares of Strattec Security Co. (NASDAQ:STRT) during the 4th quarter, Holdings Channel reports. The institutional investor bought 71,214 shares of the auto parts company’s stock, valued at approximately $2,934,000. Strattec Security makes up approximately 2.9% of Peapod Lane Capital LLC’s holdings, making the stock its 9th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Strattec Security during the 3rd quarter worth approximately $1,071,000. Factorial Partners LLC acquired a new stake in shares of Strattec Security during the third quarter worth $1,346,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Strattec Security during the third quarter valued at $374,000. De Lisle Partners LLP increased its position in shares of Strattec Security by 11.2% in the 3rd quarter. De Lisle Partners LLP now owns 43,094 shares of the auto parts company’s stock valued at $1,830,000 after acquiring an additional 4,355 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Strattec Security in the 3rd quarter valued at $47,000. 68.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Strattec Security Stock Up 5.6 %

Shares of STRT opened at $49.54 on Thursday. The company has a market capitalization of $203.11 million, a price-to-earnings ratio of 12.39, a PEG ratio of 1.39 and a beta of 1.15. Strattec Security Co. has a 52 week low of $21.05 and a 52 week high of $49.64. The stock’s 50-day moving average price is $40.30 and its 200-day moving average price is $38.22. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.06.

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.