New Age Alpha Advisors LLC Acquires New Position in Lear Co. (NYSE:LEA)

New Age Alpha Advisors LLC purchased a new position in Lear Co. (NYSE:LEA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 40,873 shares of the auto parts company's stock, valued at approximately $3,871,000. New Age Alpha Advisors LLC owned about 0.08% of Lear as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in Lear by 187.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company's stock valued at $27,000 after acquiring an additional 187 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Lear during the third quarter valued at $34,000. Addison Advisors LLC boosted its stake in Lear by 68.2% during the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company's stock valued at $32,000 after buying an additional 137 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Lear by 233.3% in the 4th quarter. UMB Bank n.a. now owns 410 shares of the auto parts company's stock worth $39,000 after purchasing an additional 287 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Lear during the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 97.04% of the company's stock.

Lear Price Performance

Shares of NYSE LEA traded up $0.35 during mid-day trading on Monday, reaching $88.31. The company had a trading volume of 854,809 shares, compared to its average volume of 728,831. Lear Co. has a one year low of $85.58 and a one year high of $145.35. The business's 50-day simple moving average is $95.39 and its 200 day simple moving average is $98.27. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.32. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.49 and a beta of 1.44.

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Lear (NYSE:LEA - Get Free Report) last announced its quarterly earnings results 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 net margin of 2.17% and a return on equity of 14.70%. On average, research analysts predict that Lear Co. will post 12.89 earnings per share for the current fiscal year.

Lear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 6th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Thursday, March 6th. Lear's payout ratio is currently 34.45%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Cowen downgraded Lear from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. TD Cowen cut Lear from a "buy" rating to a "hold" rating and set a $95.00 target price for the company. in a research report on Friday, March 7th. Wells Fargo & Company raised their price objective on shares of Lear from $99.00 to $103.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. reduced their price objective on Lear from $147.00 to $143.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Finally, StockNews.com upgraded shares of Lear from a "hold" rating to a "buy" rating in a research note on Thursday, December 19th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $123.36.

Insider Buying and Selling at Lear

In related news, Director Rod Lache purchased 2,178 shares of Lear stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price 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 in the company, valued at $199,940.40. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.79% of the company's stock.

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.