Cubist Systematic Strategies LLC Buys 5,771 Shares of Strattec Security Corporation $STRT

Cubist Systematic Strategies LLC raised its stake in Strattec Security Corporation (NASDAQ:STRT) by 163.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,308 shares of the auto parts company’s stock after acquiring an additional 5,771 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.22% of Strattec Security worth $367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in shares of Strattec Security by 217.1% in the first quarter. American Century Companies Inc. now owns 43,088 shares of the auto parts company’s stock valued at $1,700,000 after buying an additional 29,498 shares during the period. Informed Momentum Co LLC acquired a new position in shares of Strattec Security in the first quarter valued at approximately $899,000. Ritholtz Wealth Management increased its stake in shares of Strattec Security by 152.1% in the first quarter. Ritholtz Wealth Management now owns 29,051 shares of the auto parts company’s stock valued at $1,146,000 after buying an additional 17,529 shares during the period. Millennium Management LLC increased its stake in shares of Strattec Security by 143.8% in the fourth quarter. Millennium Management LLC now owns 29,597 shares of the auto parts company’s stock valued at $1,219,000 after buying an additional 17,459 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Strattec Security in the first quarter valued at approximately $430,000. Institutional investors own 68.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on STRT. Wall Street Zen raised Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 1st. Zacks Research downgraded Strattec Security from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Insider Activity

In other Strattec Security news, COO Rolando Guillot sold 22,890 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $65.86, for a total transaction of $1,507,535.40. Following the transaction, the chief operating officer directly owned 5,541 shares in the company, valued at approximately $364,930.26. This represents a 80.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.40% of the company’s stock.

Strattec Security Stock Performance

NASDAQ:STRT opened at $68.36 on Friday. The company has a market capitalization of $284.38 million, a PE ratio of 14.96, a P/E/G ratio of 1.58 and a beta of 1.37. Strattec Security Corporation has a fifty-two week low of $31.57 and a fifty-two week high of $83.00. The company has a 50 day simple moving average of $66.80 and a two-hundred day simple moving average of $53.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.89 and a current ratio of 2.43.

Strattec Security (NASDAQ:STRT) last posted its quarterly earnings results on Thursday, August 14th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.99. The firm had revenue of $152.01 million for the quarter, compared to analysts’ expectations of $143.51 million. Strattec Security had a return on equity of 8.95% and a net margin of 3.31%. Research analysts anticipate that Strattec Security Corporation will post 3.67 earnings per share for the current 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.