Lear Co. (NYSE:LEA) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC decreased its stake in shares of Lear Co. (NYSE:LEAFree Report) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,623 shares of the auto parts company’s stock after selling 211 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Lear were worth $1,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new stake in shares of Lear in the third quarter valued at $26,000. Covestor Ltd lifted its holdings in Lear by 154.7% in the 2nd quarter. Covestor Ltd now owns 191 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 116 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Lear by 65.4% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 220 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 87 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of Lear by 90.8% in the 1st quarter. Belpointe Asset Management LLC now owns 290 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 138 shares during the last quarter. Finally, UniSuper Management Pty Ltd bought a new stake in shares of Lear in the 2nd quarter worth approximately $57,000. 97.04% of the stock is currently owned by institutional investors.

Lear Price Performance

NYSE LEA opened at $134.75 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.04. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 0.33 and a beta of 1.53. The company has a 50 day simple moving average of $135.65 and a 200-day simple moving average of $137.08. Lear Co. has a 52-week low of $117.79 and a 52-week high of $157.90.

Lear (NYSE:LEAGet Free Report) last released its earnings results on Tuesday, February 6th. The auto parts company reported $3.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.09). Lear had a return on equity of 14.09% and a net margin of 2.44%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.69 billion. During the same quarter in the previous year, the company earned $2.81 EPS. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities research analysts predict that Lear Co. will post 15.33 earnings per share for the current fiscal year.

Lear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Wednesday, December 6th were paid a $0.77 dividend. The ex-dividend date was Tuesday, December 5th. This represents a $3.08 dividend on an annualized basis and a yield of 2.29%. Lear’s dividend payout ratio (DPR) is currently 31.82%.

Insiders Place Their Bets

In other news, CEO Raymond E. Scott sold 10,652 shares of Lear stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $132.86, for a total transaction of $1,415,224.72. Following the completion of the sale, the chief executive officer now directly owns 13,627 shares in the company, valued at approximately $1,810,483.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Lear news, CEO Raymond E. Scott sold 2,977 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $135.26, for a total transaction of $402,669.02. Following the transaction, the chief executive officer now directly owns 2,976 shares of the company’s stock, valued at $402,533.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Raymond E. Scott sold 10,652 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $132.86, for a total value of $1,415,224.72. Following the completion of the sale, the chief executive officer now directly owns 13,627 shares of the company’s stock, valued at approximately $1,810,483.22. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on LEA. StockNews.com lowered shares of Lear from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Barclays reduced their target price on Lear from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. dropped their price target on Lear from $195.00 to $179.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Benchmark upped their price objective on shares of Lear from $188.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, Wells Fargo & Company raised their target price on shares of Lear from $130.00 to $134.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.22.

Read Our Latest Stock Analysis on LEA

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.

See Also

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Institutional Ownership by Quarter for Lear (NYSE:LEA)

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