Y Intercept Hong Kong Ltd Has $1.19 Million Stock Holdings in Lear Co. (NYSE:LEA)

Y Intercept Hong Kong Ltd reduced its position in Lear Co. (NYSE:LEA - Free Report) by 76.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,886 shares of the auto parts company's stock after selling 34,862 shares during the period. Y Intercept Hong Kong Ltd's holdings in Lear were worth $1,188,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Lear by 70.5% during the second 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 period. Quarry LP lifted its position in shares of Lear by 13.8% in the third quarter. Quarry LP now owns 1,105 shares of the auto parts company's stock worth $121,000 after purchasing an additional 134 shares in the last quarter. Signaturefd LLC grew its position in 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 purchasing an additional 139 shares in the last quarter. Wellington Management Group LLP increased its stake in Lear by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,526 shares of the auto parts company's stock valued at $385,000 after buying an additional 143 shares during the period. Finally, Systematic Financial Management LP lifted its position in Lear by 1.0% in the 2nd quarter. Systematic Financial Management LP now owns 16,339 shares of the auto parts company's stock worth $1,866,000 after buying an additional 155 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LEA shares. Wells Fargo & Company lowered their target price on Lear from $114.00 to $106.00 and set an "equal weight" rating on the stock in a research note on Friday, October 25th. Wolfe Research started coverage on shares of Lear in a research note on Thursday, September 5th. They set a "peer perform" rating on the stock. TD Cowen reduced their price objective on shares of Lear from $142.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Barclays downgraded shares of Lear from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $140.00 to $120.00 in a research report on Wednesday, October 30th. Finally, StockNews.com cut Lear from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Lear presently has a consensus rating of "Hold" and a consensus target price of $140.25.

Lear Stock Performance

LEA traded down $2.07 during midday trading on Thursday, reaching $99.75. The company's stock had a trading volume of 806,739 shares, compared to its average volume of 667,419. Lear Co. has a twelve month low of $92.14 and a twelve month high of $147.11. 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 stock has a market cap of $5.42 billion, a P/E ratio of 10.58, a PEG ratio of 0.59 and a beta of 1.45. The company has a fifty day simple moving average of $100.36 and a 200 day simple moving average of $110.00.

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

Lear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.77 per share. The ex-dividend date is Wednesday, December 11th. This represents a $3.08 annualized dividend and a dividend yield of 3.09%. Lear's dividend payout ratio (DPR) is currently 32.39%.

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.