Paradice Investment Management LLC raised its position in Lear Co. (NYSE:LEA - Free Report) by 26.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 293,254 shares of the auto parts company's stock after buying an additional 61,169 shares during the quarter. Lear comprises about 5.5% of Paradice Investment Management LLC's holdings, making the stock its 7th largest position. Paradice Investment Management LLC owned about 0.54% of Lear worth $27,771,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. GAM Holding AG purchased a new position in shares of Lear in the fourth quarter valued at $1,651,000. Sanctuary Advisors LLC grew its position in shares of Lear by 12.1% in the fourth quarter. Sanctuary Advisors LLC now owns 2,301 shares of the auto parts company's stock valued at $223,000 after purchasing an additional 249 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Lear by 33.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 22,584 shares of the auto parts company's stock valued at $2,139,000 after purchasing an additional 5,656 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. grew its position in shares of Lear by 44.3% in the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 38,232 shares of the auto parts company's stock valued at $3,621,000 after purchasing an additional 11,744 shares in the last quarter. Finally, Principal Securities Inc. grew its position in shares of Lear by 19.5% in the fourth quarter. Principal Securities Inc. now owns 3,146 shares of the auto parts company's stock valued at $298,000 after purchasing an additional 513 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have recently weighed in on LEA shares. Barclays reduced their price target on Lear from $120.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. TD Cowen reduced their price target on Lear from $142.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Wells Fargo & Company lifted their price target on Lear from $99.00 to $103.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. UBS Group reduced their target price on Lear from $104.00 to $102.00 and set a "neutral" rating for the company in a research report on Friday, February 7th. Finally, Morgan Stanley reduced their target price on Lear from $145.00 to $135.00 and set an "overweight" rating for the company in a research report on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $127.00.
View Our Latest Research Report on LEA
Lear Trading Down 1.2 %
Shares of NYSE LEA traded down $1.17 during midday trading on Friday, reaching $96.43. The company had a trading volume of 460,943 shares, compared to its average volume of 688,728. The firm's fifty day moving average price is $94.87 and its 200-day moving average price is $101.50. The stock has a market cap of $5.17 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 0.49 and a beta of 1.42. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. Lear Co. has a one year low of $86.28 and a one year high of $147.11.
Lear (NYSE:LEA - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $2.94 EPS 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%. On average, equities research analysts anticipate that Lear Co. will post 12.89 earnings per share for the current year.
Lear Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, March 6th. Lear's payout ratio is 34.45%.
About Lear
(
Free Report)
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.
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