Marquette Asset Management LLC Decreases Stock Holdings in Strattec Security Co. (NASDAQ:STRT)

Marquette Asset Management LLC reduced its position in shares of Strattec Security Co. (NASDAQ:STRT) by 9.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,224 shares of the auto parts company’s stock after selling 1,108 shares during the quarter. Marquette Asset Management LLC’s holdings in Strattec Security were worth $421,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in STRT. West Oak Capital LLC raised its stake in shares of Strattec Security by 5,525.0% during the fourth quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 1,105 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Strattec Security during the 3rd quarter valued at about $47,000. JPMorgan Chase & Co. bought a new position in Strattec Security during the 3rd quarter valued at approximately $69,000. Barclays PLC raised its position in Strattec Security by 126.0% during the 3rd quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock valued at $169,000 after purchasing an additional 2,202 shares during the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in Strattec Security in the 3rd quarter worth approximately $266,000. Institutional investors own 68.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Strattec Security from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

Strattec Security Stock Down 0.9 %

Shares of NASDAQ STRT opened at $38.06 on Wednesday. The firm has a fifty day simple moving average of $41.01 and a two-hundred day simple moving average of $36.19. The firm has a market capitalization of $156.08 million, a PE ratio of 9.66, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. The company has a current ratio of 2.18, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. Strattec Security Co. has a 12 month low of $21.05 and a 12 month high of $44.26.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings data on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.56 by $0.36. Strattec Security had a net margin of 2.93% and a return on equity of 7.12%. The business had revenue of $139.05 million during the quarter, compared to analyst estimates of $139.32 million. During the same period last year, the business posted $1.05 earnings per share. Equities analysts expect that Strattec Security Co. will post 2.76 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.