Ritholtz Wealth Management Has $1.15 Million Stake in Strattec Security Corporation (NASDAQ:STRT)

Ritholtz Wealth Management lifted its stake in shares of Strattec Security Corporation (NASDAQ:STRT) by 152.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,051 shares of the auto parts company’s stock after buying an additional 17,529 shares during the quarter. Ritholtz Wealth Management owned about 0.70% of Strattec Security worth $1,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of STRT. Empowered Funds LLC acquired a new stake in shares of Strattec Security during the 4th quarter worth approximately $687,000. Allspring Global Investments Holdings LLC grew its position in shares of Strattec Security by 85.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company’s stock worth $1,915,000 after buying an additional 21,376 shares during the period. Truffle Hound Capital LLC acquired a new stake in shares of Strattec Security during the 4th quarter worth approximately $5,150,000. American Century Companies Inc. acquired a new stake in shares of Strattec Security during the 4th quarter worth approximately $560,000. Finally, JPMorgan Chase & Co. grew its position in shares of Strattec Security by 172.0% during the 4th quarter. JPMorgan Chase & Co. now owns 4,392 shares of the auto parts company’s stock worth $181,000 after buying an additional 2,777 shares during the period. Institutional investors and hedge funds own 68.91% of the company’s stock.

Strattec Security Stock Performance

NASDAQ STRT opened at $59.33 on Wednesday. The company has a fifty day simple moving average of $45.09 and a 200 day simple moving average of $43.17. Strattec Security Corporation has a 12-month low of $21.05 and a 12-month high of $61.77. The company has a current ratio of 2.33, a quick ratio of 1.72 and a debt-to-equity ratio of 0.06. The company has a market cap of $247.41 million, a P/E ratio of 11.99, a PEG ratio of 1.36 and a beta of 1.39.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings data on Thursday, May 8th. The auto parts company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.55. The business had revenue of $144.08 million for the quarter, compared to analysts’ expectations of $140.84 million. Strattec Security had a return on equity of 9.66% and a net margin of 3.60%. Sell-side analysts predict that Strattec Security Corporation will post 3.67 earnings per share for the current fiscal year.

Strattec Security Profile

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.