Semanteon Capital Management LP Takes Position in Lear Co. (NYSE:LEA)

Semanteon Capital Management LP bought a new position in shares of Lear Co. (NYSE:LEA - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,477 shares of the auto parts company's stock, valued at approximately $1,144,000.

Several other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in Lear by 1.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,828 shares of the auto parts company's stock valued at $989,000 after purchasing an additional 124 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Lear by 14.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,101 shares of the auto parts company's stock worth $304,000 after acquiring an additional 273 shares during the period. State of Michigan Retirement System raised its position in shares of Lear by 0.5% during the 1st quarter. State of Michigan Retirement System now owns 18,393 shares of the auto parts company's stock valued at $2,665,000 after acquiring an additional 100 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its stake in shares of Lear by 3.3% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 11,780 shares of the auto parts company's stock valued at $1,707,000 after purchasing an additional 380 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Lear by 6.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 3,842 shares of the auto parts company's stock worth $557,000 after purchasing an additional 234 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

Lear Stock Up 2.2 %

NYSE:LEA traded up $2.15 during trading hours on Monday, reaching $100.80. 593,568 shares of the stock were exchanged, compared to its average volume of 659,353. The stock has a market cap of $5.72 billion, a PE ratio of 10.99, a PEG ratio of 0.50 and a beta of 1.44. Lear Co. has a twelve month low of $97.51 and a twelve month high of $147.11. The firm has a 50 day moving average of $108.74 and a 200 day moving average of $117.19. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.34 and a quick ratio of 1.04.

Lear (NYSE:LEA - Get Free Report) last released its earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share for the quarter, beating analysts' consensus estimates of $2.57 by $0.32. Lear had a net margin of 2.30% and a return on equity of 14.75%. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter last year, the firm earned $2.87 earnings per share. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities analysts expect that Lear Co. will post 12.27 earnings per share for the current year.

Lear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Wednesday, September 4th. Lear's dividend payout ratio (DPR) is 33.59%.

Analysts Set New Price Targets

LEA has been the topic of a number of recent analyst reports. Citigroup reduced their target price on Lear from $141.00 to $127.00 and set a "neutral" rating on the stock in a report on Friday, July 12th. TD Cowen decreased their price objective on shares of Lear from $142.00 to $125.00 and set a "buy" rating for the company in a report on Friday. Wolfe Research assumed coverage on shares of Lear in a research report on Thursday, September 5th. They set a "peer perform" rating on the stock. Wells Fargo & Company lowered their price objective on shares of Lear from $114.00 to $106.00 and set an "equal weight" rating for the company in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $132.00 target price on shares of Lear in a report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $142.75.

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.