Lear Co. (NYSE:LEA) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in Lear Co. (NYSE:LEA - Free Report) by 7,452.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,855 shares of the auto parts company's stock after buying an additional 171,553 shares during the period. Allspring Global Investments Holdings LLC owned about 0.32% of Lear worth $16,129,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Brooklyn Investment Group raised its position in shares of Lear by 39.1% in the fourth quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company's stock valued at $40,000 after buying an additional 120 shares during the last quarter. Lakewood Asset Management LLC raised its position in shares of Lear by 1.3% in the fourth quarter. Lakewood Asset Management LLC now owns 9,957 shares of the auto parts company's stock valued at $943,000 after buying an additional 126 shares during the last quarter. Quarry LP raised its position in shares of Lear by 13.8% in the third quarter. Quarry LP now owns 1,105 shares of the auto parts company's stock valued at $121,000 after buying an additional 134 shares during the last quarter. Signaturefd LLC increased its position in Lear by 71.6% during the third quarter. Signaturefd LLC now owns 333 shares of the auto parts company's stock worth $36,000 after purchasing an additional 139 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Lear by 4.2% during the third quarter. Wellington Management Group LLP now owns 3,526 shares of the auto parts company's stock worth $385,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on LEA. Evercore ISI dropped their price target on shares of Lear from $125.00 to $110.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. Morgan Stanley dropped their price target on shares of Lear from $145.00 to $135.00 and set an "overweight" rating for the company in a research report on Thursday, November 14th. UBS Group dropped their price target on shares of Lear from $104.00 to $102.00 and set a "neutral" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company upped their price target on shares of Lear from $99.00 to $103.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Finally, StockNews.com raised shares of Lear from a "hold" rating to a "buy" rating in a research report on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Lear presently has a consensus rating of "Hold" and a consensus target price of $127.00.

Lear Trading Up 0.5 %

LEA traded up $0.45 during trading on Thursday, hitting $97.55. 457,160 shares of the company's stock were exchanged, compared to its average volume of 695,632. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. Lear Co. has a 1 year low of $86.28 and a 1 year high of $147.11. The stock has a 50 day moving average price of $94.95 and a 200 day moving average price of $101.62. The firm has a market cap of $5.23 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 0.50 and a beta of 1.42.

Lear (NYSE:LEA - Get Free Report) last announced its earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.44. Lear had a net margin of 2.17% and a return on equity of 14.70%. As a group, analysts expect that Lear Co. will post 12.89 EPS for the current fiscal year.

Lear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 6th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.08 annualized dividend and a dividend yield of 3.16%. Lear's dividend payout ratio (DPR) is presently 34.45%.

About Lear

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.