Lear Co. (NYSE:LEA) Shares Sold by KBC Group NV

KBC Group NV lessened its holdings in Lear Co. (NYSE:LEA - Free Report) by 54.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,668 shares of the auto parts company's stock after selling 5,586 shares during the period. KBC Group NV's holdings in Lear were worth $510,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Victory Capital Management Inc. increased its position in Lear by 39.9% in the third quarter. Victory Capital Management Inc. now owns 21,221 shares of the auto parts company's stock worth $2,316,000 after purchasing an additional 6,055 shares during the last quarter. Aigen Investment Management LP bought a new stake in Lear in the third quarter worth $613,000. Versor Investments LP bought a new position in Lear during the third quarter valued at $483,000. State of New Jersey Common Pension Fund D increased its position in Lear by 7.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 16,928 shares of the auto parts company's stock valued at $1,848,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in Lear by 16.9% during the third quarter. Crossmark Global Holdings Inc. now owns 3,788 shares of the auto parts company's stock valued at $413,000 after acquiring an additional 547 shares during the last quarter. Institutional investors own 97.04% of the company's stock.

Lear Stock Down 2.6 %

Shares of LEA stock traded down $2.45 during mid-day trading on Tuesday, hitting $92.95. 878,369 shares of the stock traded hands, compared to its average volume of 661,787. The stock has a market cap of $5.05 billion, a P/E ratio of 9.77, a P/E/G ratio of 0.53 and a beta of 1.46. The stock's fifty day moving average is $103.13 and its two-hundred day moving average is $113.24. Lear Co. has a 52-week low of $92.86 and a 52-week high of $147.11. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 1.03.

Lear (NYSE:LEA - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.57 by $0.32. The business had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.52 billion. Lear had a net margin of 2.33% and a return on equity of 14.68%. The company's quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.87 earnings per share. Equities analysts predict that Lear Co. will post 12.19 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley cut their price objective on shares of Lear from $145.00 to $135.00 and set an "overweight" rating on the stock in a research report on Thursday, November 14th. TD Cowen cut their price objective on shares of Lear from $142.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company cut their price objective on shares of Lear from $114.00 to $106.00 and set an "equal weight" rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded shares of Lear from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group cut their price target on shares of Lear from $144.00 to $135.00 and set a "buy" rating on the stock in a report on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $140.25.

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.