Hantz Financial Services Inc. Makes New Investment in Lear Co. (NYSE:LEA)

Hantz Financial Services Inc. acquired a new position in shares of Lear Co. (NYSE:LEA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 46,058 shares of the auto parts company's stock, valued at approximately $5,260,000. Hantz Financial Services Inc. owned 0.08% of Lear at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Lear by 1.9% during the first quarter. Vanguard Group Inc. now owns 6,023,195 shares of the auto parts company's stock valued at $872,640,000 after acquiring an additional 109,746 shares in the last quarter. Franklin Resources Inc. boosted its position in Lear by 7.6% during the 4th quarter. Franklin Resources Inc. now owns 2,179,175 shares of the auto parts company's stock valued at $307,721,000 after acquiring an additional 153,282 shares in the last quarter. Greenhaven Associates Inc. increased its stake in shares of Lear by 1.0% in the 2nd quarter. Greenhaven Associates Inc. now owns 1,816,880 shares of the auto parts company's stock worth $207,506,000 after acquiring an additional 17,820 shares in the last quarter. Lyrical Asset Management LP raised its position in shares of Lear by 55.4% in the 4th quarter. Lyrical Asset Management LP now owns 1,067,888 shares of the auto parts company's stock worth $150,796,000 after purchasing an additional 380,771 shares during the last quarter. Finally, Boston Partners boosted its position in shares of Lear by 4.2% during the first quarter. Boston Partners now owns 1,023,165 shares of the auto parts company's stock valued at $148,216,000 after buying an additional 41,496 shares during the last quarter. Institutional investors own 97.04% of the company's stock.

Wall Street Analysts Forecast Growth

LEA has been the topic of several recent research reports. Barclays decreased their price target on shares of Lear from $155.00 to $150.00 and set an "overweight" rating on the stock in a research report on Monday, July 29th. Citigroup dropped their price target on Lear from $141.00 to $127.00 and set a "neutral" rating for the company in a research report on Friday, July 12th. UBS Group reduced their price target on shares of Lear from $136.00 to $128.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 10th. Morgan Stanley lowered their target price on shares of Lear from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, August 14th. Finally, Wells Fargo & Company lowered their price target on Lear from $132.00 to $131.00 and set an "equal weight" rating for the company in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Lear has a consensus rating of "Moderate Buy" and an average price target of $153.56.

Lear Trading Up 0.7 %

Shares of NYSE LEA traded up $0.76 on Friday, reaching $116.65. 383,183 shares of the company traded hands, compared to its average volume of 511,831. The stock has a market capitalization of $6.56 billion, a PE ratio of 12.72, a P/E/G ratio of 0.38 and a beta of 1.47. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $115.78 and a 200 day moving average of $126.79. Lear Co. has a fifty-two week low of $107.25 and a fifty-two week high of $147.57.

Lear (NYSE:LEA - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $3.60 EPS for the quarter, topping analysts' consensus estimates of $3.34 by $0.26. The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.02 billion. Lear had a net margin of 2.30% and a return on equity of 14.75%. The firm's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.33 EPS. On average, equities research analysts forecast that Lear Co. will post 12.79 earnings per share for the current fiscal year.

Lear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th will be given a $0.77 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $3.08 annualized dividend and a yield of 2.64%. Lear's dividend payout ratio (DPR) is 33.59%.

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.