Central Pacific Bank Trust Division Sells 700 Shares of Strattec Security Co. (NASDAQ:STRT)

Central Pacific Bank Trust Division reduced its position in shares of Strattec Security Co. (NASDAQ:STRT) by 5.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,600 shares of the auto parts company’s stock after selling 700 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Strattec Security were worth $478,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Strattec Security during the third quarter valued at approximately $47,000. JPMorgan Chase & Co. purchased a new stake in Strattec Security during the 3rd quarter valued at $69,000. Barclays PLC increased its holdings in shares of Strattec Security by 126.0% in the 3rd quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock worth $169,000 after purchasing an additional 2,202 shares in the last quarter. Perritt Capital Management Inc raised its stake in shares of Strattec Security by 47.0% in the second quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock worth $253,000 after purchasing an additional 3,229 shares during the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in shares of Strattec Security during the third quarter valued at $266,000. 68.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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 0.5 %

STRT opened at $40.87 on Friday. The stock has a market capitalization of $167.61 million, a price-to-earnings ratio of 10.37, a PEG ratio of 1.59 and a beta of 1.15. The firm has a 50 day moving average price of $40.86 and a 200-day moving average price of $35.37. Strattec Security Co. has a twelve month low of $21.05 and a twelve month high of $44.26. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.06.

Strattec Security (NASDAQ:STRT) last announced its earnings results on Monday, November 4th. The auto parts company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.36. The business had revenue of $139.05 million during the quarter, compared to analyst estimates of $139.32 million. Strattec Security had a net margin of 2.93% and a return on equity of 7.12%. During the same period in the previous year, the business earned $1.05 EPS. Equities research analysts forecast that Strattec Security Co. will post 2.76 earnings per share for the current year.

Strattec Security Company 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.