Charles Schwab Investment Management Inc. Grows Holdings in Lear Co. (NYSE:LEA)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Lear Co. (NYSE:LEA - Free Report) by 6.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 495,764 shares of the auto parts company's stock after buying an additional 27,901 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.91% of Lear worth $46,949,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Brooklyn Investment Group grew its stake in shares of Lear by 39.1% during the 4th 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 period. Lakewood Asset Management LLC grew its stake in shares of Lear by 1.3% during the 4th quarter. Lakewood Asset Management LLC now owns 9,957 shares of the auto parts company's stock worth $943,000 after purchasing an additional 126 shares during the period. Quarry LP grew its stake in shares of Lear by 13.8% during the 3rd quarter. Quarry LP now owns 1,105 shares of the auto parts company's stock worth $121,000 after purchasing an additional 134 shares during the period. Addison Advisors LLC grew its stake in shares of Lear by 68.2% during the 4th 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. Finally, Wellington Management Group LLP grew its stake in shares of Lear by 4.2% during the 3rd 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 period. 97.04% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Lear

In other news, Director Rod Lache bought 2,178 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $91.80 per share, with a total value of $199,940.40. Following the transaction, the director now directly owns 2,178 shares in the company, valued at $199,940.40. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.79% of the company's stock.

Analyst Ratings Changes

LEA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Lear from $147.00 to $143.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Evercore ISI dropped their price target on shares of Lear from $125.00 to $110.00 and set an "in-line" rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company lifted their price target on shares of Lear from $99.00 to $103.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Cowen cut shares of Lear from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, UBS Group dropped their price target on shares of Lear from $104.00 to $102.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lear currently has a consensus rating of "Hold" and a consensus price target of $123.36.

Lear Trading Up 0.8 %

Shares of NYSE LEA traded up $0.76 during trading on Tuesday, hitting $96.35. 636,506 shares of the company were exchanged, compared to its average volume of 688,745. Lear Co. has a 12-month low of $86.28 and a 12-month high of $147.11. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.32. The company has a fifty day moving average price of $95.20 and a 200-day moving average price of $99.36. The firm has a market capitalization of $5.17 billion, a PE ratio of 10.78, a P/E/G 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 EPS for the quarter, topping 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%. As a group, equities research analysts expect that Lear Co. will post 12.89 EPS for the current year.

Lear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.08 annualized dividend and a dividend yield of 3.20%. Lear's dividend payout ratio is presently 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.