Lear Co. (NYSE:LEA) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its position in Lear Co. (NYSE:LEA - Free Report) by 42.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,065 shares of the auto parts company's stock after selling 8,883 shares during the quarter. Quantbot Technologies LP's holdings in Lear were worth $1,143,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LEA. RWC Asset Management LLP boosted its position in Lear by 23.3% in the 4th quarter. RWC Asset Management LLP now owns 410,908 shares of the auto parts company's stock valued at $38,913,000 after buying an additional 77,691 shares during the period. Assetmark Inc. boosted its holdings in Lear by 5.9% in the fourth quarter. Assetmark Inc. now owns 9,216 shares of the auto parts company's stock valued at $873,000 after purchasing an additional 515 shares during the period. Barclays PLC grew its stake in Lear by 9.8% during the 3rd quarter. Barclays PLC now owns 135,049 shares of the auto parts company's stock worth $14,742,000 after purchasing an additional 12,094 shares in the last quarter. Nordea Investment Management AB increased its holdings in Lear by 16.9% during the 4th quarter. Nordea Investment Management AB now owns 39,465 shares of the auto parts company's stock worth $3,759,000 after purchasing an additional 5,711 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Lear by 17.1% in the 4th quarter. Bank of New York Mellon Corp now owns 676,977 shares of the auto parts company's stock valued at $64,110,000 after purchasing an additional 99,072 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

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Insider Activity

In related news, Director Rod Lache bought 2,178 shares of the stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $91.80 per share, for a total transaction of $199,940.40. Following the purchase, the director now owns 2,178 shares of the company's stock, valued at $199,940.40. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.79% of the company's stock.

Lear Stock Performance

Shares of NYSE LEA traded down $1.49 during trading hours on Friday, reaching $87.82. The stock had a trading volume of 835,014 shares, compared to its average volume of 728,327. The firm has a 50-day moving average of $95.39 and a 200-day moving average of $98.36. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.49 and a beta of 1.44. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. Lear Co. has a fifty-two week low of $86.28 and a fifty-two week high of $145.35.

Lear (NYSE:LEA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. Equities research analysts predict that Lear Co. will post 12.89 earnings per share for the current year.

Lear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th were paid a $0.77 dividend. The ex-dividend date was Thursday, March 6th. This represents a $3.08 dividend on an annualized basis and a yield of 3.51%. Lear's dividend payout ratio is presently 34.45%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LEA shares. TD Cowen lowered shares of Lear from a "buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a research note on Friday, March 7th. Barclays dropped their price objective on shares of Lear from $120.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. StockNews.com raised shares of Lear from a "hold" rating to a "buy" rating in a research report on Thursday, December 19th. UBS Group dropped their target price on Lear from $104.00 to $102.00 and set a "neutral" rating on the stock in a report on Friday, February 7th. Finally, Cowen downgraded Lear from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $123.36.

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.