Entropy Technologies LP Acquires New Shares in Lear Co. (NYSE:LEA)

Entropy Technologies LP purchased a new position in shares of Lear Co. (NYSE:LEA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,491 shares of the auto parts company's stock, valued at approximately $993,000.

Several other institutional investors and hedge funds have also made changes to their positions in LEA. Sanctuary Advisors LLC acquired a new position in shares of Lear during the 2nd quarter worth about $211,000. Inspire Investing LLC boosted its position in shares of Lear by 22.3% during the 3rd quarter. Inspire Investing LLC now owns 3,778 shares of the auto parts company's stock worth $412,000 after acquiring an additional 688 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Lear by 4.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 106,034 shares of the auto parts company's stock worth $11,574,000 after acquiring an additional 4,896 shares in the last quarter. CX Institutional boosted its position in shares of Lear by 63.2% during the 3rd quarter. CX Institutional now owns 37,918 shares of the auto parts company's stock worth $4,139,000 after acquiring an additional 14,677 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Lear by 7.6% during the 3rd quarter. Creative Planning now owns 5,133 shares of the auto parts company's stock worth $560,000 after acquiring an additional 363 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LEA shares. Barclays lowered their price objective on Lear from $120.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. TD Cowen decreased their target price on Lear from $142.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Evercore ISI decreased their target price on Lear from $125.00 to $110.00 and set an "in-line" rating for the company in a research report on Monday. StockNews.com raised Lear from a "hold" rating to a "buy" rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company upped their target price on Lear from $99.00 to $103.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $127.00.

Lear Stock Performance

Lear stock traded up $0.15 during mid-day trading on Friday, reaching $96.47. 502,617 shares of the company were exchanged, compared to its average volume of 716,027. Lear Co. has a twelve month low of $86.28 and a twelve month high of $147.11. The firm's 50-day simple moving average is $95.25 and its two-hundred day simple moving average is $102.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.32. The firm has a market cap of $5.24 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 0.62 and a beta of 1.42.

Lear (NYSE:LEA - Get Free Report) last posted 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 return on equity of 14.70% and a net margin of 2.17%. Equities analysts predict that Lear Co. will post 13.29 earnings per share for the current fiscal year.

Lear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.19%. Lear's dividend payout ratio (DPR) is 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.