Nomura Asset Management Co. Ltd. Has $7.51 Million Stock Position in Lear Co. (NYSE:LEA)

Nomura Asset Management Co. Ltd. raised its holdings in Lear Co. (NYSE:LEA - Free Report) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,268 shares of the auto parts company's stock after acquiring an additional 10,200 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.15% of Lear worth $7,507,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in shares of Lear by 405.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 51,356 shares of the auto parts company's stock valued at $5,606,000 after acquiring an additional 41,197 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Lear by 23.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,701 shares of the auto parts company's stock valued at $1,386,000 after purchasing an additional 2,423 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Lear by 295.4% in the third quarter. Verition Fund Management LLC now owns 7,967 shares of the auto parts company's stock valued at $870,000 after purchasing an additional 5,952 shares during the period. Point72 Hong Kong Ltd lifted its stake in shares of Lear by 22.6% in the third quarter. Point72 Hong Kong Ltd now owns 10,542 shares of the auto parts company's stock worth $1,151,000 after buying an additional 1,942 shares during the last quarter. Finally, Centiva Capital LP boosted its holdings in shares of Lear by 69.2% during the 3rd quarter. Centiva Capital LP now owns 28,271 shares of the auto parts company's stock worth $3,086,000 after buying an additional 11,567 shares during the period. 97.04% of the stock is owned by institutional investors.

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Insider Buying and Selling at Lear

In other news, Director Rod Lache acquired 2,178 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $91.80 per share, with a total value of $199,940.40. Following the completion of the purchase, the director now owns 2,178 shares of the company's stock, valued at $199,940.40. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LEA. TD Cowen lowered shares of 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. Cowen cut Lear from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. lowered their target price on Lear from $147.00 to $143.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. StockNews.com upgraded Lear from a "hold" rating to a "buy" rating in a report on Thursday, December 19th. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $123.36.

Lear Price Performance

Shares of Lear stock traded down $6.47 during trading on Thursday, hitting $82.29. 891,705 shares of the company's stock traded hands, compared to its average volume of 731,892. The company has a market cap of $4.41 billion, a PE ratio of 9.20, a PEG ratio of 0.49 and a beta of 1.44. The firm's fifty day moving average price is $94.97 and its 200 day moving average price is $97.98. Lear Co. has a twelve month low of $81.49 and a twelve month high of $145.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.02.

Lear (NYSE:LEA - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 earnings per share 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%. Analysts forecast that Lear Co. will post 12.89 earnings per share for the current year.

Lear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.77 per share. The ex-dividend date was Thursday, March 6th. This represents a $3.08 annualized dividend and a yield of 3.74%. Lear's dividend payout ratio is currently 34.45%.

Lear 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.