Lear Co. (NYSE:LEA) Shares Sold by Oak Thistle LLC

Oak Thistle LLC lowered its stake in Lear Co. (NYSE:LEA - Free Report) by 72.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,321 shares of the auto parts company's stock after selling 6,000 shares during the quarter. Oak Thistle LLC's holdings in Lear were worth $220,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Altshuler Shaham Ltd acquired a new stake in Lear in the second quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its holdings in Lear by 70.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company's stock valued at $32,000 after purchasing an additional 110 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Lear during the 3rd quarter worth $34,000. Blue Trust Inc. boosted its position in Lear by 240.4% in the 3rd quarter. Blue Trust Inc. now owns 303 shares of the auto parts company's stock valued at $35,000 after buying an additional 214 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Lear by 71.6% during the third quarter. Signaturefd LLC now owns 333 shares of the auto parts company's stock valued at $36,000 after acquiring an additional 139 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Lear Stock Performance

Shares of NYSE:LEA traded up $0.04 during trading on Friday, hitting $94.22. 649,191 shares of the company traded hands, compared to its average volume of 656,204. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 0.47 and a beta of 1.43. Lear Co. has a one year low of $90.03 and a one year high of $147.11. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.57. The business's fifty day moving average is $96.12 and its 200-day moving average is $105.37.

Lear (NYSE:LEA - Get Free Report) last issued its earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.32. The firm had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.52 billion. Lear had a return on equity of 14.68% and a net margin of 2.33%. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the company earned $2.87 earnings per share. As a group, equities analysts predict that Lear Co. will post 12.01 earnings per share for the current fiscal year.

Lear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 11th were paid a $0.77 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $3.08 annualized dividend and a dividend yield of 3.27%. Lear's payout ratio is currently 32.39%.

Analysts Set New Price Targets

Several research firms recently commented on LEA. Wells Fargo & Company cut their price target on Lear from $106.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Monday, December 16th. Bank of America decreased their price target on shares of Lear from $180.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, October 14th. TD Cowen cut their price target on shares of Lear from $142.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, October 25th. The Goldman Sachs Group decreased their price objective on shares of Lear from $144.00 to $135.00 and set a "buy" rating for the company in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. cut their target price on shares of Lear from $162.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $134.18.

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.