LSV Asset Management Buys 25,410 Shares of Lear Co. (NYSE:LEA)

LSV Asset Management boosted its position in Lear Co. (NYSE:LEA - Free Report) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 656,091 shares of the auto parts company's stock after purchasing an additional 25,410 shares during the period. LSV Asset Management owned about 1.16% of Lear worth $74,932,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in shares of Lear during the first quarter worth $29,000. Riverview Trust Co purchased a new stake in shares of Lear during the first quarter worth $32,000. Central Pacific Bank Trust Division purchased a new stake in shares of Lear during the first quarter worth $62,000. Isthmus Partners LLC lifted its position in shares of Lear by 2.1% during the second quarter. Isthmus Partners LLC now owns 64,398 shares of the auto parts company's stock worth $74,000 after acquiring an additional 1,336 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Lear during the fourth quarter worth $75,000. Hedge funds and other institutional investors own 97.04% of the company's stock.

Analyst Upgrades and Downgrades

LEA has been the topic of several recent research reports. Bank of America dropped their target price on Lear from $205.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered their price objective on Lear from $179.00 to $166.00 and set an "overweight" rating on the stock in a research report on Monday, July 22nd. Evercore ISI lowered their price objective on Lear from $155.00 to $145.00 and set an "in-line" rating on the stock in a research report on Monday, July 15th. StockNews.com upgraded Lear from a "hold" rating to a "buy" rating in a research report on Friday, July 26th. Finally, Morgan Stanley lowered their price objective on Lear from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $153.56.

Lear Price Performance

LEA traded down $0.13 during trading on Monday, reaching $110.17. The stock had a trading volume of 717,432 shares, compared to its average volume of 636,056. The stock has a market cap of $6.26 billion, a PE ratio of 12.01, a PEG ratio of 0.36 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.34. Lear Co. has a one year low of $107.25 and a one year high of $147.11. The business has a 50-day moving average of $115.60 and a 200-day moving average of $125.76.

Lear (NYSE:LEA - Get Free Report) last released its earnings results on Thursday, July 25th. The auto parts company reported $3.60 EPS for the quarter, beating analysts' consensus estimates of $3.34 by $0.26. The business had revenue of $6.01 billion for the quarter, compared to analysts' expectations of $6.02 billion. Lear had a return on equity of 14.75% and a net margin of 2.30%. The firm's revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.33 earnings per share. As a group, equities research analysts anticipate that Lear Co. will post 12.79 EPS for the current fiscal year.

Lear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.80%. Lear's dividend payout ratio (DPR) is currently 33.59%.

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.