Envestnet Asset Management Inc. Has $4.47 Million Holdings in Lear Co. (NYSE:LEA)

Envestnet Asset Management Inc. cut its stake in shares of Lear Co. (NYSE:LEA - Free Report) by 49.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,196 shares of the auto parts company's stock after selling 46,186 shares during the period. Envestnet Asset Management Inc. owned approximately 0.09% of Lear worth $4,469,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brooklyn Investment Group lifted its position in Lear by 39.1% in the 4th quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company's stock worth $40,000 after buying an additional 120 shares in the last quarter. Lakewood Asset Management LLC grew its stake in shares of Lear by 1.3% in the 4th quarter. Lakewood Asset Management LLC now owns 9,957 shares of the auto parts company's stock valued at $943,000 after buying an additional 126 shares in the last quarter. Addison Advisors LLC increased its holdings in 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 buying an additional 137 shares during the last quarter. Wellington Management Group LLP grew its position in Lear by 5.2% in the fourth quarter. Wellington Management Group LLP now owns 3,709 shares of the auto parts company's stock worth $351,000 after acquiring an additional 183 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of 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 purchasing an additional 187 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

Lear Stock Performance

Lear stock traded down $0.07 during trading hours on Monday, hitting $84.43. The stock had a trading volume of 600,327 shares, compared to its average volume of 745,212. The company has a 50-day moving average of $88.95 and a two-hundred day moving average of $94.26. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. Lear Co. has a fifty-two week low of $73.85 and a fifty-two week high of $138.69. The company has a market cap of $4.52 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.49 and a beta of 1.34.

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 for the quarter, topping analysts' consensus estimates of $2.50 by $0.44. Lear had a net margin of 2.17% and a return on equity of 14.70%. On average, equities research analysts anticipate that Lear Co. will post 12.89 EPS for the current fiscal year.

Lear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 6th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, March 6th. Lear's dividend payout ratio (DPR) is currently 34.45%.

Insider Activity at Lear

In related news, Director Rod Lache bought 2,178 shares of Lear stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $91.80 per share, for a total transaction of $199,940.40. Following the completion of the transaction, the director now owns 2,178 shares of the company's stock, valued at approximately $199,940.40. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LEA has been the topic of several recent research reports. The Goldman Sachs Group restated a "neutral" rating and set a $84.00 target price (down from $117.00) on shares of Lear in a report on Thursday, April 10th. Morgan Stanley reduced their target price on Lear from $135.00 to $125.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. TD Cowen lowered shares of Lear from a "buy" rating to a "hold" rating and set a $95.00 price target on the stock. in a research report on Friday, March 7th. Wells Fargo & Company upped their price objective on shares of Lear from $99.00 to $103.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Finally, Citigroup assumed coverage on shares of Lear in a report on Wednesday, April 23rd. They issued a "buy" rating and a $123.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $113.91.

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.