Lear Co. (NYSE:LEA) Shares Bought by Barclays PLC

Barclays PLC raised its stake in shares of Lear Co. (NYSE:LEA - Free Report) by 9.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 135,049 shares of the auto parts company's stock after acquiring an additional 12,094 shares during the period. Barclays PLC owned approximately 0.25% of Lear worth $14,742,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LEA. Pacer Advisors Inc. increased its stake in shares of Lear by 11,753.3% in the second quarter. Pacer Advisors Inc. now owns 1,016,778 shares of the auto parts company's stock worth $116,126,000 after purchasing an additional 1,008,200 shares in the last quarter. Pzena Investment Management LLC raised its stake in Lear by 15.2% during the 2nd quarter. Pzena Investment Management LLC now owns 7,187,890 shares of the auto parts company's stock valued at $820,929,000 after purchasing an additional 946,109 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Lear by 36.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,871,346 shares of the auto parts company's stock worth $213,726,000 after acquiring an additional 504,091 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in Lear by 115.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 561,100 shares of the auto parts company's stock valued at $64,083,000 after acquiring an additional 300,667 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in Lear by 9.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 2,754,752 shares of the auto parts company's stock worth $314,620,000 after purchasing an additional 238,964 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors.

Lear Stock Down 2.8 %

Shares of Lear stock traded down $2.80 on Monday, reaching $95.55. The stock had a trading volume of 976,547 shares, compared to its average volume of 668,996. Lear Co. has a 1 year low of $92.14 and a 1 year high of $147.11. The company has a 50 day moving average price of $99.81 and a 200 day moving average price of $109.35. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $5.19 billion, a P/E ratio of 10.05, a P/E/G ratio of 0.60 and a beta of 1.45.

Lear (NYSE:LEA - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $2.89 earnings per share for the quarter, topping analysts' consensus estimates of $2.57 by $0.32. The firm had revenue of $5.58 billion during the quarter, compared to analysts' expectations of $5.52 billion. Lear had a return on equity of 14.68% and a net margin of 2.33%. The business's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.87 EPS. As a group, equities research analysts forecast that Lear Co. will post 12.01 EPS for the current year.

Lear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Wednesday, December 11th. Lear's dividend payout ratio is presently 32.39%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Lear from $162.00 to $160.00 and set an "overweight" rating on the stock in a report on Monday, October 21st. Bank of America cut their target price on shares of Lear from $180.00 to $170.00 and set a "buy" rating for the company in a report on Monday, October 14th. Wells Fargo & Company decreased their price target on shares of Lear from $106.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Monday. Barclays downgraded shares of Lear from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $140.00 to $120.00 in a report on Wednesday, October 30th. Finally, TD Cowen reduced their price objective on Lear from $142.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $139.67.

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.