13GD Runner: Strattec Security Corp Has Another Bullish Trade, Price T Rowe Associates Inc Bought Stake!

13GD Runner: Strattec Security Corp Has Another Bullish Trade, Price T Rowe Associates Inc  Bought Stake!

The New Price T Rowe Associates Inc Holding in Strattec Security Corp

Price T Rowe Associates Inc filed with the SEC SC 13G/A form for Strattec Security Corp. The form can be accessed here: 000008025516001353. As reported in Price T Rowe Associates Inc ’s form, the filler as of late owns 6.9% or 255,753 shares of the Consumer Discretionary–company.

Strattec Security Corp stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Price T Rowe Associates Inc ’s positive view for the stock. For a institutional investor managing $689.00 billion in assets and having 2216+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Strattec Security Corp Institutional Sentiment

Latest Security and Exchange filings show 72 investors own Strattec Security Corp. The institutional ownership in Q3 2015 is high, at 85.98% of the outstanding shares. This is decreased by 113865 the total institutional shares. 3086544 were the shares owned by these institutional investors. In total 4 funds opened new Strattec Security Corp stakes, 19 increased stakes. There were 8 that closed positions and 31 reduced them.

Chuck Royce Royce & Associates Llc is an institutional investor bullish on Strattec Security Corp, owning 532841 shares as of Q3 2015 for 0.18% of its portfolio. Tiverton Asset Management Llc owns 50000 shares or 0.07% of its portfolio. NY Euclidean Technologies Management Llc have 0.43% of their stock portfolio for 6472 shares. Further, Horizon Investment Services Llc reported stake worth 0.17% of its US stock portfolio. The NY Teton Advisors Inc owns 179000 shares. Strattec Security Corp is 0.86% of the manager’s US portfolio.

Business Profile

Strattec Security Corporation designs, develops, manufactures and markets automotive access control products. The Company offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers. The Company supplies its products under the VAST brand name. The Company’s products are shipped to customer locations in the United States, Canada, Mexico, Europe, South America, Korea and China, and it also provides full service and aftermarket support. The Company provides its customers with engineered access control products, including locksets, fobs, push button ignition systems, steering column lock housings, seatback and secondary power liftgate systems, power decklids, door handles, and trim and other access products.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Price T Rowe Associates Inc website.

Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.35, from 0.65 in 2016Q1. The ratio improved, as 5 funds sold all Strattec Security Corp. shares owned while 20 reduced positions. 4 funds bought stakes while 21 increased positions. They now own 3.54 million shares or 10.76% more from 3.19 million shares in 2016Q1.

Price T Rowe Md has invested 0% of its portfolio in Strattec Security Corp. (NASDAQ:STRT). Geode Capital Management Limited Liability Co accumulated 23,702 shares or 0% of the stock. Teton Advsr last reported 0.65% of its portfolio in the stock. Amer Int Group has invested 0% of its portfolio in Strattec Security Corp. (NASDAQ:STRT). Legal General Group Public Limited Company holds 0% or 642 shares in its portfolio. Moreover, Brandywine Inv Ltd Limited Liability Company has 0% invested in Strattec Security Corp. (NASDAQ:STRT) for 2,500 shares. Moreover, Fmr Limited Liability Co has 0% invested in Strattec Security Corp. (NASDAQ:STRT) for 225,900 shares. Next Finance Group Inc holds 0% or 200 shares in its portfolio. Denali Advsrs Limited Liability Company reported 40 shares or 0% of all its holdings. The North Carolina-based Savings Bank Of America Corp De has invested 0% in Strattec Security Corp. (NASDAQ:STRT). Wedge Mngmt L Limited Partnership Nc has invested 0.01% of its portfolio in Strattec Security Corp. (NASDAQ:STRT). Deutsche Commercial Bank Ag holds 0% of its portfolio in Strattec Security Corp. (NASDAQ:STRT) for 7,878 shares. The California-based Blackrock Fund Advsrs has invested 0% in Strattec Security Corp. (NASDAQ:STRT). Prudential Financial, a New Jersey-based fund reported 28,728 shares. The Ohio-based James Invest has invested 0.02% in Strattec Security Corp. (NASDAQ:STRT).

Insider Transactions: Since August 22, 2016, the stock had 0 insider purchases, and 2 selling transactions for $108,462 net activity. Messina Richard P sold 1,000 shares worth $43,662. HANSEN PATRICK J also sold $64,800 worth of Strattec Security Corp. (NASDAQ:STRT) on Monday, August 22.

The stock decreased 0.77% or $0.25 during the last trading session, hitting $32.15. About 24,370 shares traded hands or 42.87% up from the average. Strattec Security Corp. (NASDAQ:STRT) has declined 42.86% since April 8, 2016 and is downtrending. It has underperformed by 48.51% the S&P500.

Strattec Security Corporation designs, develops, makes and markets automotive access control products. The company has a market cap of $118.03 million. The Firm offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers. It has a 15.82 P/E ratio. The Firm supplies its products under the VAST brand name.

More important recent Strattec Security Corp. (NASDAQ:STRT) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on October 18, 2010, also Globenewswire.com published article titled: “STRATTEC SECURITY CORPORATION Declares Quarterly Dividend”, Globenewswire.com published: “STRATTEC SECURITY CORPORATION Reports Fiscal 2017 First Quarter Operating Results” on October 27, 2016. More interesting news about Strattec Security Corp. (NASDAQ:STRT) was released by: Jsonline.com and their article: “Strattec Security Corp. reports lower quarterly sales and profits” with publication date: October 22, 2015.

According to Zacks Investment Research, “Strattec Security Corporation designs, develops, manufactures and markets mechanical locks, electro-mechanical locks and related products for automotive manufacturers with operations in the United States, Canada and Mexico. The company also produces precision zinc die castings for the transportation, security and small engine industries. The company’s principal products are locks and keys for cars and trucks.”

STRT Company Profile

Strattec Security Corporation, incorporated on September 15, 1994, designs, develops, makes and markets automotive access control products. The Firm offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers. The Firm supplies its products under the VAST brand name. The Company’s products are shipped to customer locations in the United States, Canada, Mexico, Europe, South America, Korea and China, and it also provides full service and aftermarket support. The Firm provides its clients with engineered access control products, including locksets, fobs, push button ignition systems, steering column lock housings, seatback and secondary power liftgate systems, power decklids, door handles, and trim and other access products. The access control products are designed concurrently with the vehicle.

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