Lear Co. (NYSE:LEA) Shares Sold by Arnhold LLC

Arnhold LLC lowered its stake in shares of Lear Co. (NYSE:LEA - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,038 shares of the auto parts company's stock after selling 10,516 shares during the period. Arnhold LLC owned 0.20% of Lear worth $10,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LEA. Nisa Investment Advisors LLC raised its position in shares of Lear by 187.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company's stock valued at $27,000 after buying an additional 187 shares during the last quarter. Addison Advisors LLC increased its position in Lear by 68.2% in the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company's stock worth $32,000 after purchasing an additional 137 shares during the last quarter. UMB Bank n.a. increased its position in Lear by 233.3% in the fourth quarter. UMB Bank n.a. now owns 410 shares of the auto parts company's stock worth $39,000 after purchasing an additional 287 shares during the last quarter. Brooklyn Investment Group increased its position in Lear by 39.1% in the fourth quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company's stock worth $40,000 after purchasing an additional 120 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in Lear by 51.1% in the fourth quarter. Quadrant Capital Group LLC now owns 491 shares of the auto parts company's stock worth $46,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 97.04% of the company's stock.

Insiders Place Their Bets

In related news, Director Rod Lache bought 2,178 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $91.80 per share, with a total value of $199,940.40. Following the transaction, the director now owns 2,178 shares in the company, valued at approximately $199,940.40. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Lear Stock Up 0.2 %

NYSE:LEA traded up $0.19 during mid-day trading on Monday, reaching $84.69. The company's stock had a trading volume of 901,096 shares, compared to its average volume of 746,364. Lear Co. has a 1 year low of $73.85 and a 1 year high of $138.69. The stock has a fifty day moving average of $88.70 and a 200-day moving average of $94.11. The firm has a market capitalization of $4.53 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.49 and a beta of 1.34. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59.

Lear (NYSE:LEA - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 earnings per share for the quarter, topping analysts' consensus estimates of $2.50 by $0.44. Lear had a net margin of 2.17% and a return on equity of 14.70%. Equities research analysts forecast that Lear Co. will post 12.89 earnings per share for the current year.

Lear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th were issued a $0.77 dividend. The ex-dividend date was Thursday, March 6th. This represents a $3.08 dividend on an annualized basis and a yield of 3.64%. Lear's dividend payout ratio is presently 34.45%.

Wall Street Analyst Weigh In

Several research analysts have commented on LEA shares. TD Cowen lowered shares of Lear from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a research note on Friday, March 7th. JPMorgan Chase & Co. dropped their price objective on shares of Lear from $147.00 to $143.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Wells Fargo & Company lifted their price objective on shares of Lear from $99.00 to $103.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Barclays lowered shares of Lear from an "equal weight" rating to a "negative" rating in a research note on Tuesday, April 15th. Finally, Evercore ISI lowered their target price on shares of Lear from $125.00 to $110.00 and set an "in-line" rating for the company in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $113.91.

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.