Mirabella Financial Services LLP Acquires Shares of 6,131 Lear Co. (NYSE:LEA)

Mirabella Financial Services LLP acquired a new stake in shares of Lear Co. (NYSE:LEA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,131 shares of the auto parts company's stock, valued at approximately $580,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group raised its position in Lear by 39.1% in the 4th quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company's stock worth $40,000 after purchasing an additional 120 shares during the period. Lakewood Asset Management LLC raised its holdings in Lear by 1.3% in the 4th quarter. Lakewood Asset Management LLC now owns 9,957 shares of the auto parts company's stock worth $943,000 after purchasing an additional 126 shares in the last quarter. Addison Advisors LLC raised its stake in Lear by 68.2% in the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company's stock worth $32,000 after buying an additional 137 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Lear by 51.1% in the 4th 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. Finally, Wellington Management Group LLP boosted its holdings in shares of Lear by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 3,709 shares of the auto parts company's stock valued at $351,000 after buying an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company's stock.

Insider Buying and Selling

In other Lear news, Director Rod Lache purchased 2,178 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $91.80 per share, for a total transaction of $199,940.40. Following the completion of the transaction, the director now owns 2,178 shares of the company's stock, valued at $199,940.40. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Lear Trading Down 1.0 %

NYSE LEA traded down $0.82 on Friday, hitting $84.57. 478,858 shares of the stock were exchanged, compared to its average volume of 745,568. The stock has a fifty day moving average price of $89.23 and a two-hundred day moving average price of $94.55. The firm has a market capitalization of $4.53 billion, a P/E ratio of 9.46, a P/E/G ratio of 0.49 and a beta of 1.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.32. Lear Co. has a 52-week low of $73.85 and a 52-week high of $138.69.

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, beating analysts' consensus estimates of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. Research analysts forecast that Lear Co. will post 12.89 EPS for the current fiscal year.

Lear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th were given 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 yield of 3.64%. Lear's dividend payout ratio is currently 34.45%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LEA shares. Morgan Stanley reduced their price objective on shares of Lear from $135.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. TD Cowen lowered shares of Lear from a "buy" rating to a "hold" rating and set a $95.00 price target for the company. in a research report on Friday, March 7th. Citigroup assumed coverage on Lear in a research note on Wednesday. They issued a "buy" rating and a $123.00 price objective for the company. The Goldman Sachs Group reissued a "neutral" rating and set a $84.00 price target (down from $117.00) on shares of Lear in a report on Thursday, April 10th. Finally, Wells Fargo & Company boosted 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Lear has a consensus rating of "Hold" and a consensus price target of $113.91.

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.