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 firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 approximately $1,825,794.30. The trade was a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Strattec Security Price Performance

Shares of NASDAQ STRT traded down $0.44 during mid-day trading on Friday, hitting $49.36. 15,513 shares of the stock traded hands, compared to its average volume of 28,238. The company has a market cap of $205.91 million, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15. Strattec Security Co. has a twelve month low of $21.05 and a twelve month high of $53.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.60 and a quick ratio of 1.77. The firm has a 50 day simple moving average of $42.09 and a two-hundred day simple moving average of $40.14.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Strattec Security

Several large investors have recently bought and sold shares of STRT. Tower Research Capital LLC TRC acquired a new position in shares of Strattec Security in the fourth quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Strattec Security during the 3rd quarter worth approximately $47,000. West Oak Capital LLC increased its position in Strattec Security by 5,525.0% in the 4th 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 period. JPMorgan Chase & Co. acquired a new position in Strattec Security in the 3rd quarter valued at approximately $69,000. Finally, Bank of America Corp DE raised its stake in shares of Strattec Security by 137.9% during the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock valued at $91,000 after acquiring an additional 1,280 shares during the last quarter. 68.91% of the stock is currently owned by institutional investors.

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.