JPMorgan Chase & Co. Has $10.85 Million Stake in Lear Co. (NYSE:LEA)

JPMorgan Chase & Co. lowered its holdings in shares of Lear Co. (NYSE:LEA - Free Report) by 3.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,555 shares of the auto parts company's stock after selling 4,129 shares during the period. JPMorgan Chase & Co. owned about 0.21% of Lear worth $10,848,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Lear by 14.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,158 shares of the auto parts company's stock valued at $387,000 after buying an additional 524 shares in the last quarter. Vanguard Group Inc. grew its position in Lear by 7.4% during the 4th quarter. Vanguard Group Inc. now owns 6,491,895 shares of the auto parts company's stock worth $614,782,000 after acquiring an additional 447,835 shares during the last quarter. LPL Financial LLC increased its holdings in Lear by 243.5% in the 4th quarter. LPL Financial LLC now owns 18,754 shares of the auto parts company's stock worth $1,776,000 after purchasing an additional 13,295 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Lear during the fourth quarter valued at about $1,392,000. Finally, Sei Investments Co. grew its holdings in shares of Lear by 82.3% during the fourth quarter. Sei Investments Co. now owns 45,927 shares of the auto parts company's stock worth $4,349,000 after purchasing an additional 20,733 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

Analyst Upgrades and Downgrades

LEA has been the topic of several recent research reports. TD Cowen downgraded shares of Lear from a "buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a research report on Friday, March 7th. Wells Fargo & Company lifted their price target 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. The Goldman Sachs Group restated a "neutral" rating and issued a $84.00 price objective (down from $117.00) on shares of Lear in a report on Thursday, April 10th. Evercore ISI cut their target price on Lear from $125.00 to $110.00 and set an "in-line" rating on the stock in a report on Monday, February 10th. Finally, Cowen downgraded Lear from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $114.27.

Lear Trading Up 2.5 %

NYSE LEA traded up $1.97 during trading hours on Friday, hitting $79.48. 600,138 shares of the company's stock were exchanged, compared to its average volume of 747,834. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 0.49 and a beta of 1.34. The stock has a 50-day simple moving average of $90.40 and a 200 day simple moving average of $95.17. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. Lear Co. has a 1-year low of $73.85 and a 1-year high of $138.69.

Lear (NYSE:LEA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 EPS for the quarter, topping the consensus estimate 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 analysts forecast that Lear Co. will post 12.89 EPS for the current fiscal year.

Lear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.77 per share. The ex-dividend date was Thursday, March 6th. This represents a $3.08 annualized dividend and a dividend yield of 3.88%. Lear's dividend payout ratio is currently 34.45%.

Insider Transactions at Lear

In other news, Director Rod Lache bought 2,178 shares of the stock in a transaction dated Wednesday, March 5th. The shares were 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 $199,940.40. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.91% of the company's stock.

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.