Gamco Investors INC. ET AL Buys 55,509 Shares of Strattec Security Co. (NASDAQ:STRT)

Gamco Investors INC. ET AL raised its stake in shares of Strattec Security Co. (NASDAQ:STRT) by 8.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 704,892 shares of the auto parts company’s stock after purchasing an additional 55,509 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.18% of Strattec Security worth $12,787,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Strattec Security by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 275,101 shares of the auto parts company’s stock worth $5,722,000 after purchasing an additional 1,002 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Strattec Security by 2.6% in the 2nd quarter. Renaissance Technologies LLC now owns 83,506 shares of the auto parts company’s stock worth $2,768,000 after purchasing an additional 2,100 shares during the period. Geode Capital Management LLC lifted its stake in shares of Strattec Security by 1.9% in the 1st quarter. Geode Capital Management LLC now owns 33,941 shares of the auto parts company’s stock worth $772,000 after purchasing an additional 633 shares during the period. Gabelli Funds LLC lifted its stake in shares of Strattec Security by 11.3% in the 2nd quarter. Gabelli Funds LLC now owns 33,500 shares of the auto parts company’s stock worth $608,000 after purchasing an additional 3,400 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Strattec Security by 6.2% in the 3rd quarter. Royal Bank of Canada now owns 17,230 shares of the auto parts company’s stock worth $358,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 55.26% of the company’s stock.

Strattec Security Trading Up 0.4 %

Strattec Security stock opened at $23.35 on Tuesday. Strattec Security Co. has a 12-month low of $16.06 and a 12-month high of $27.48. The firm has a 50 day moving average of $23.00 and a 200 day moving average of $21.43. The firm has a market capitalization of $95.03 million, a price-to-earnings ratio of -34.34, a P/E/G ratio of 2.69 and a beta of 1.16.

Strattec Security (NASDAQ:STRT) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $1.30. Strattec Security had a negative net margin of 0.52% and a positive return on equity of 0.96%. The business had revenue of $135.41 million during the quarter, compared to analyst estimates of $126.11 million. On average, analysts predict that Strattec Security Co. will post 0.86 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Strattec Security from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st.

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.