Amalgamated Bank decreased its holdings in shares of Lear Co. (NYSE:LEA - Free Report) by 24.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,875 shares of the auto parts company's stock after selling 8,658 shares during the period. Amalgamated Bank's holdings in Lear were worth $2,933,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Lear in the 1st quarter worth approximately $29,000. Altshuler Shaham Ltd acquired a new stake in shares of Lear in the 2nd quarter worth approximately $26,000. EverSource Wealth Advisors LLC grew its holdings in Lear by 70.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company's stock valued at $32,000 after buying an additional 110 shares during the last quarter. Blue Trust Inc. grew its holdings in Lear by 240.4% during the 3rd quarter. Blue Trust Inc. now owns 303 shares of the auto parts company's stock valued at $35,000 after buying an additional 214 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Lear by 71.6% during the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company's stock valued at $36,000 after buying an additional 139 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.
Lear Trading Up 0.7 %
Shares of LEA traded up $0.63 during trading hours on Monday, hitting $96.94. The stock had a trading volume of 654,181 shares, compared to its average volume of 657,756. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.33. The firm has a market cap of $5.27 billion, a P/E ratio of 10.13, a P/E/G ratio of 0.53 and a beta of 1.46. The company's fifty day simple moving average is $105.34 and its 200 day simple moving average is $114.92. Lear Co. has a 12-month low of $94.29 and a 12-month high of $147.11.
Lear (NYSE:LEA - Get Free Report) last issued its earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.32. Lear had a return on equity of 14.68% and a net margin of 2.33%. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same period last year, the company posted $2.87 EPS. The business's quarterly revenue was down 3.4% on a year-over-year basis. Equities research analysts forecast that Lear Co. will post 12.22 EPS for the current fiscal year.
Lear Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Wednesday, September 4th were issued a $0.77 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $3.08 annualized dividend and a yield of 3.18%. Lear's dividend payout ratio is currently 32.39%.
Analyst Ratings Changes
LEA has been the topic of a number of analyst reports. Wells Fargo & Company lowered their target price on Lear from $114.00 to $106.00 and set an "equal weight" rating on the stock in a report on Friday, October 25th. Morgan Stanley lowered their target price on Lear from $150.00 to $145.00 and set an "overweight" rating on the stock in a report on Wednesday, September 25th. Wolfe Research initiated coverage on Lear in a report on Thursday, September 5th. They set a "peer perform" rating on the stock. The Goldman Sachs Group lowered their target price on Lear from $144.00 to $135.00 and set a "buy" rating on the stock in a report on Tuesday, October 1st. Finally, TD Cowen reduced their price target on Lear from $142.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $141.08.
Get Our Latest Analysis on LEA
About Lear
(
Free Report)
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.
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