Aigen Investment Management LP Makes New $613,000 Investment in Lear Co. (NYSE:LEA)

Aigen Investment Management LP bought a new stake in Lear Co. (NYSE:LEA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,620 shares of the auto parts company's stock, valued at approximately $613,000.

Several other institutional investors and hedge funds have also made changes to their positions in LEA. Headlands Technologies LLC purchased a new stake in Lear in the first quarter valued at approximately $29,000. Altshuler Shaham Ltd purchased a new stake in Lear in the 2nd quarter valued at $26,000. EverSource Wealth Advisors LLC boosted its stake in Lear by 70.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company's stock worth $32,000 after purchasing an additional 110 shares during the period. Blue Trust Inc. grew its position in Lear by 240.4% during the 3rd quarter. Blue Trust Inc. now owns 303 shares of the auto parts company's stock worth $35,000 after purchasing an additional 214 shares during the last quarter. Finally, Signaturefd LLC grew its position in Lear by 71.6% in the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company's stock valued at $36,000 after buying an additional 139 shares during the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

Lear Trading Down 1.5 %

Shares of Lear stock traded down $1.47 during mid-day trading on Thursday, hitting $97.11. 483,845 shares of the stock were exchanged, compared to its average volume of 658,138. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 0.54 and a beta of 1.46. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. Lear Co. has a twelve month low of $94.29 and a twelve month high of $147.11. The company has a 50-day simple moving average of $104.31 and a 200 day simple moving average of $114.28.

Lear (NYSE:LEA - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share for the quarter, beating analysts' consensus estimates of $2.57 by $0.32. Lear had a net margin of 2.33% and a return on equity of 14.68%. The company had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same quarter last year, the business earned $2.87 EPS. Lear's revenue for the quarter was down 3.4% on a year-over-year basis. Research analysts forecast that Lear Co. will post 12.22 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on LEA shares. JPMorgan Chase & Co. lowered their target price on shares of Lear from $162.00 to $160.00 and set an "overweight" rating on the stock in a report on Monday, October 21st. TD Cowen cut their target price on Lear from $142.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $132.00 price target on shares of Lear in a research note on Tuesday, September 10th. StockNews.com upgraded Lear from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Morgan Stanley decreased their target price on shares of Lear from $145.00 to $135.00 and set an "overweight" rating on the stock in a research report on Thursday. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.25.

Lear Company Profile

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.