Auxano Advisors LLC cut its holdings in shares of Lear Co. (NYSE:LEA - Free Report) by 53.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,602 shares of the auto parts company's stock after selling 4,178 shares during the quarter. Auxano Advisors LLC's holdings in Lear were worth $341,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in Lear by 187.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company's stock worth $27,000 after acquiring an additional 187 shares during the period. Addison Advisors LLC increased its position in shares of 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 period. Brooklyn Investment Group bought a new position in shares of Lear in the third quarter worth $34,000. Blue Trust Inc. raised its stake in Lear by 240.4% in the third quarter. Blue Trust Inc. now owns 303 shares of the auto parts company's stock valued at $35,000 after purchasing an additional 214 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Lear by 233.3% during 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 period. 97.04% of the stock is currently owned by institutional investors and hedge funds.
Lear Trading Up 1.8 %
LEA stock traded up $1.69 during midday trading on Thursday, hitting $95.03. The stock had a trading volume of 844,940 shares, compared to its average volume of 691,547. Lear Co. has a 1-year low of $86.28 and a 1-year high of $147.11. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average price of $94.90 and a two-hundred day moving average price of $100.57. The firm has a market cap of $5.10 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 0.49 and a beta of 1.44.
Lear (NYSE:LEA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. On average, sell-side analysts predict that Lear Co. will post 12.89 earnings per share for the current fiscal year.
Lear Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, March 6th. Lear's dividend payout ratio (DPR) is currently 34.45%.
Analyst Upgrades and Downgrades
Several research analysts have commented on LEA shares. UBS Group lowered their price objective 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. JPMorgan Chase & Co. lowered their target price on Lear from $147.00 to $143.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. StockNews.com upgraded shares of Lear from a "hold" rating to a "buy" rating in a research note on Thursday, December 19th. Wells Fargo & Company boosted their target price 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. Finally, Barclays cut their price objective on Lear from $120.00 to $115.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $126.09.
Check Out Our Latest Research Report on Lear
About Lear
(
Free Report)
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.
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