Strattec Security Co. (NASDAQ:STRT) Shares Sold by Factorial Partners LLC

Factorial Partners LLC lessened its stake in shares of Strattec Security Co. (NASDAQ:STRT) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,146 shares of the auto parts company’s stock after selling 400 shares during the period. Factorial Partners LLC’s holdings in Strattec Security were worth $1,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of STRT. Peapod Lane Capital LLC acquired a new stake in shares of Strattec Security during the 4th quarter worth approximately $2,934,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Strattec Security during the 3rd quarter worth about $1,071,000. Empowered Funds LLC acquired a new stake in shares of Strattec Security during the 4th quarter worth about $687,000. Ritholtz Wealth Management acquired a new stake in shares of Strattec Security during the fourth quarter valued at about $475,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Strattec Security during the third quarter valued at about $374,000. 68.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Strattec Security

In other news, COO Rolando Guillot sold 3,500 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.10, for a total value of $175,350.00. Following the completion of the transaction, the chief operating officer now owns 36,443 shares in the company, valued at approximately $1,825,794.30. This represents a 8.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders sold 4,200 shares of company stock valued at $204,594. Insiders own 6.40% of the company’s stock.

Analyst Ratings Changes

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

Strattec Security Price Performance

Strattec Security stock opened at $49.73 on Friday. The firm has a market cap of $207.47 million, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15. The company has a quick ratio of 1.77, a current ratio of 2.60 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 $53.01. The company’s 50 day moving average is $42.24 and its two-hundred day moving average is $40.24.

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.