CANADA LIFE ASSURANCE Co Has $4.45 Million Stock Holdings in Lear Co. (NYSE:LEA)

CANADA LIFE ASSURANCE Co lessened its stake in shares of Lear Co. (NYSE:LEA - Free Report) by 27.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,059 shares of the auto parts company's stock after selling 17,424 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.09% of Lear worth $4,453,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LEA. Nisa Investment Advisors LLC boosted its stake in shares of Lear by 187.0% in the 4th 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 period. Addison Advisors LLC boosted its holdings 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 valued at $32,000 after acquiring an additional 137 shares during the period. UMB Bank n.a. increased its stake in Lear by 233.3% in the fourth quarter. UMB Bank n.a. now owns 410 shares of the auto parts company's stock valued at $39,000 after purchasing an additional 287 shares during the period. Brooklyn Investment Group raised its stake in Lear by 39.1% during the 4th quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company's stock valued at $40,000 after acquiring an additional 120 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Lear by 51.1% during 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 and hedge funds own 97.04% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Lear from $99.00 to $103.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. TD Cowen cut 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. Barclays lowered shares of Lear from an "equal weight" rating to a "negative" rating in a report on Tuesday, April 15th. Cowen downgraded Lear from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, Citigroup initiated coverage on shares of Lear in a research note on Wednesday, April 23rd. They set a "buy" rating and a $123.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $113.91.

Insider Transactions at Lear

In other news, Director Rod Lache acquired 2,178 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $91.80 per share, for a total transaction of $199,940.40. Following the completion of the acquisition, the director now owns 2,178 shares of the company's stock, valued at approximately $199,940.40. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by insiders.

Lear Price Performance

NYSE:LEA traded up $0.19 during midday trading on Monday, hitting $84.69. 901,096 shares of the stock were exchanged, compared to its average volume of 746,364. The business has a 50-day moving average price of $88.95 and a two-hundred day moving average price of $94.26. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 0.49 and a beta of 1.34. Lear Co. has a one year low of $73.85 and a one year high of $138.69. 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 (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, beating the consensus estimate of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. Sell-side analysts predict that Lear Co. will post 12.89 EPS for the current year.

Lear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 6th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.64%. The ex-dividend date was Thursday, March 6th. Lear's dividend payout ratio is currently 34.45%.

Lear 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.