Lear Co. (NYSE:LEA) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its position in Lear Co. (NYSE:LEA - Free Report) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 620,350 shares of the auto parts company's stock after selling 9,708 shares during the period. LSV Asset Management owned about 1.14% of Lear worth $58,747,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LEA. Brooklyn Investment Group boosted its position in Lear by 39.1% during the 4th quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company's stock worth $40,000 after acquiring an additional 120 shares during the last quarter. Lakewood Asset Management LLC lifted its holdings in shares of Lear by 1.3% during the 4th quarter. Lakewood Asset Management LLC now owns 9,957 shares of the auto parts company's stock worth $943,000 after acquiring an additional 126 shares during the period. Addison Advisors LLC boosted its stake in shares of Lear by 68.2% in the 4th quarter. Addison Advisors LLC now owns 338 shares of the auto parts company's stock valued at $32,000 after purchasing an additional 137 shares in the last quarter. Wellington Management Group LLP raised its position in Lear by 4.2% in the third quarter. Wellington Management Group LLP now owns 3,526 shares of the auto parts company's stock valued at $385,000 after purchasing an additional 143 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Lear by 51.1% in the fourth quarter. Quadrant Capital Group LLC now owns 491 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 166 shares during the period. 97.04% of the stock is owned by institutional investors.

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Lear Stock Performance

Shares of Lear stock traded down $0.27 on Wednesday, reaching $78.10. 225,077 shares of the stock were exchanged, compared to its average volume of 741,566. The business has a 50 day moving average price of $91.47 and a two-hundred day moving average price of $95.79. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 0.49 and a beta of 1.34. Lear Co. has a twelve month low of $73.85 and a twelve month high of $138.69. 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 (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 (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. Analysts anticipate that Lear Co. will post 12.89 earnings per share 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 paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.94%. Lear's payout ratio is 34.45%.

Analyst Ratings Changes

LEA has been the topic of several recent analyst reports. Cowen lowered Lear from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut their target price on Lear from $147.00 to $143.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Barclays dropped their price target on Lear from $115.00 to $85.00 and set an "equal weight" rating on the stock in a report on Tuesday. Wells Fargo & Company increased their price objective on Lear from $99.00 to $103.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Finally, Morgan Stanley dropped their target price on Lear from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $114.27.

Insiders Place Their Bets

In related news, Director Rod Lache purchased 2,178 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $91.80 per share, for a total transaction of $199,940.40. Following the transaction, the director now directly owns 2,178 shares of the company's stock, valued at approximately $199,940.40. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.79% of the stock is currently owned by company insiders.

About Lear

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.