ExodusPoint Capital Management LP Has $19 Million Position in Lear Co. (NYSE:LEA)

ExodusPoint Capital Management LP decreased its stake in shares of Lear Co. (NYSE:LEA - Free Report) by 29.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 200,605 shares of the auto parts company's stock after selling 84,350 shares during the period. ExodusPoint Capital Management LP owned 0.37% of Lear worth $18,997,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Lear by 7.4% during the fourth quarter. Vanguard Group Inc. now owns 6,491,895 shares of the auto parts company's stock worth $614,782,000 after purchasing an additional 447,835 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Lear by 29.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,212,579 shares of the auto parts company's stock worth $209,531,000 after buying an additional 498,918 shares during the period. Greenhaven Associates Inc. lifted its stake in shares of Lear by 1.2% in the fourth quarter. Greenhaven Associates Inc. now owns 1,842,247 shares of the auto parts company's stock worth $174,461,000 after acquiring an additional 22,601 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Lear by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,141,476 shares of the auto parts company's stock valued at $124,621,000 after purchasing an additional 44,128 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new stake in Lear in the fourth quarter valued at $90,700,000. Hedge funds and other institutional investors own 97.04% of the company's stock.

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Insider Activity at Lear

In other news, Director Rod Lache acquired 2,178 shares of Lear stock in a transaction dated 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 completion of the transaction, the director now directly owns 2,178 shares of the company's stock, valued at approximately $199,940.40. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wells Fargo & Company raised their target price 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. Morgan Stanley dropped their price target on Lear from $135.00 to $125.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. 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, February 10th. JPMorgan Chase & Co. lowered their price objective on shares of Lear from $147.00 to $143.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Finally, StockNews.com upgraded Lear from a "hold" rating to a "buy" rating in a research note on Thursday, December 19th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $123.36.

Lear Price Performance

NYSE:LEA traded up $7.52 during trading hours on Wednesday, reaching $82.70. The company had a trading volume of 931,378 shares, compared to its average volume of 740,900. Lear Co. has a one year low of $73.85 and a one year high of $141.43. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average of $92.70 and a two-hundred day moving average of $96.69. The firm has a market capitalization of $4.43 billion, a PE ratio of 9.25, a PEG ratio of 0.49 and a beta of 1.34.

Lear (NYSE:LEA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 EPS 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%. Analysts forecast that Lear Co. will post 12.89 earnings per share for the current year.

Lear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 6th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Thursday, March 6th. Lear's dividend payout ratio is currently 34.45%.

Lear Company 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.