Thrivent Financial for Lutherans Acquires 11,264 Shares of Lear Co. (NYSE:LEA)

Thrivent Financial for Lutherans increased its holdings in shares of Lear Co. (NYSE:LEA - Free Report) by 5.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 203,348 shares of the auto parts company's stock after purchasing an additional 11,264 shares during the period. Thrivent Financial for Lutherans owned approximately 0.37% of Lear worth $22,195,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pzena Investment Management LLC raised its holdings in shares of Lear by 15.2% in the 2nd quarter. Pzena Investment Management LLC now owns 7,187,890 shares of the auto parts company's stock worth $820,929,000 after buying an additional 946,109 shares in the last quarter. Vanguard Group Inc. grew its stake in Lear by 1.9% during the first quarter. Vanguard Group Inc. now owns 6,023,195 shares of the auto parts company's stock worth $872,640,000 after buying an additional 109,746 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of Lear by 9.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 2,754,752 shares of the auto parts company's stock valued at $314,620,000 after acquiring an additional 238,964 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Lear by 36.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,871,346 shares of the auto parts company's stock worth $213,726,000 after purchasing an additional 504,091 shares in the last quarter. Finally, Greenhaven Associates Inc. grew its holdings in Lear by 1.0% during the 2nd quarter. Greenhaven Associates Inc. now owns 1,816,880 shares of the auto parts company's stock worth $207,506,000 after acquiring an additional 17,820 shares during the last quarter. Institutional investors own 97.04% of the company's stock.

Lear Trading Up 0.7 %

Shares of NYSE:LEA traded up $0.61 during midday trading on Wednesday, hitting $93.56. 581,184 shares of the stock were exchanged, compared to its average volume of 660,479. The business's 50-day moving average price is $103.13 and its 200 day moving average price is $113.24. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 0.53 and a beta of 1.46. Lear Co. has a 12 month low of $92.14 and a 12 month high of $147.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.33.

Lear (NYSE:LEA - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.57 by $0.32. The firm had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.52 billion. Lear had a net margin of 2.33% and a return on equity of 14.68%. The company's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.87 EPS. Analysts predict that Lear Co. will post 12.19 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on LEA. Wolfe Research assumed coverage on shares of Lear in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. Barclays cut shares of Lear from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $140.00 to $120.00 in a report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price objective on Lear from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Monday, October 21st. TD Cowen cut their price objective on shares of Lear from $142.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Finally, Morgan Stanley reduced their price objective on shares of Lear from $145.00 to $135.00 and set an "overweight" rating for the company in a research note on Thursday, November 14th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Lear presently has an average rating of "Hold" and an average target price of $140.25.

About Lear

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.