Insider Selling: Strattec Security Co. (NASDAQ:STRT) COO Sells 3,500 Shares of Stock

Strattec Security Co. (NASDAQ:STRT) COO Rolando Guillot sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total transaction of $175,350.00. Following the completion of the sale, the chief operating officer now owns 36,443 shares in the company, valued at $1,825,794.30. This represents a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Strattec Security Price Performance

Strattec Security stock opened at $49.73 on Monday. Strattec Security Co. has a 52 week low of $21.05 and a 52 week high of $53.01. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.06. The firm’s 50-day simple moving average is $42.24 and its 200 day simple moving average is $40.27. The firm has a market capitalization of $207.47 million, a PE ratio of 12.43, a P/E/G ratio of 1.37 and a beta of 1.15.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. raised its stake in Strattec Security by 57.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 623 shares during the last quarter. Millennium Management LLC raised its stake in Strattec Security by 143.8% in the 4th quarter. Millennium Management LLC now owns 29,597 shares of the auto parts company’s stock valued at $1,219,000 after purchasing an additional 17,459 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in Strattec Security by 42.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 39,978 shares of the auto parts company’s stock valued at $1,647,000 after purchasing an additional 11,850 shares during the last quarter. Bank of America Corp DE raised its stake in Strattec Security by 137.9% in the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock valued at $91,000 after purchasing an additional 1,280 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new position in Strattec Security in the 4th quarter valued at about $351,000. Institutional investors and hedge funds own 68.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.