Robeco Institutional Asset Management B.V. Sells 21,122 Shares of Lear Co. (NYSE:LEA)

Robeco Institutional Asset Management B.V. trimmed its holdings in Lear Co. (NYSE:LEA - Free Report) by 28.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,027 shares of the auto parts company's stock after selling 21,122 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.10% of Lear worth $5,679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Altshuler Shaham Ltd bought a new stake in shares of Lear in the 2nd quarter worth $26,000. Headlands Technologies LLC bought a new stake in Lear in the 1st quarter worth about $29,000. EverSource Wealth Advisors LLC increased its stake in Lear by 70.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company's stock valued at $32,000 after buying an additional 110 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Lear by 240.4% during the 3rd quarter. Blue Trust Inc. now owns 303 shares of the auto parts company's stock worth $35,000 after buying an additional 214 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Lear by 71.6% in 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 institutional investors and hedge funds.

Lear Price Performance

Shares of LEA stock traded down $0.67 during trading hours on Friday, reaching $96.31. The stock had a trading volume of 446,444 shares, compared to its average volume of 770,350. The stock's fifty day simple moving average is $105.34 and its 200 day simple moving average is $115.19. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $5.23 billion, a PE ratio of 10.13, a PEG ratio of 0.54 and a beta of 1.46. Lear Co. has a 12 month low of $94.29 and a 12 month high of $147.11.

Lear (NYSE:LEA - Get Free Report) last posted its earnings results on Thursday, October 24th. The auto parts company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.57 by $0.32. The business had revenue of $5.58 billion during the quarter, compared to analysts' expectations of $5.52 billion. Lear had a return on equity of 14.68% and a net margin of 2.33%. The firm's revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.87 earnings per share. On average, equities research analysts predict that Lear Co. will post 12.15 EPS for the current year.

Lear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Wednesday, September 4th. Lear's payout ratio is 32.39%.

Analyst Ratings Changes

A number of analysts recently commented on LEA shares. StockNews.com lowered Lear from a "buy" rating to a "hold" rating in a report on Monday, October 28th. JPMorgan Chase & Co. lowered their price objective on shares of Lear from $162.00 to $160.00 and set an "overweight" rating on the stock in a research report on Monday, October 21st. Morgan Stanley decreased their price target on shares of Lear from $150.00 to $145.00 and set an "overweight" rating for the company in a research note on Wednesday, September 25th. Citigroup reduced their price objective on Lear from $141.00 to $127.00 and set a "neutral" rating for the company in a report on Friday, July 12th. Finally, Evercore ISI lowered their target price on Lear from $155.00 to $145.00 and set an "in-line" rating on the stock in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Lear presently has an average rating of "Hold" and a consensus price target of $141.08.

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.