7 hours Ago By ABMN Staff
Assetmark Inc. raised its holdings in Lear Co. ( NYSE:LEA – Free Report ) by 5.
9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,216 shares of the auto parts company’s stock after acquiring an additional 515 shares during the quarter. Assetmark Inc.
’s holdings in Lear were worth $873,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brooklyn Investment Group grew its stake in shares of Lear by 39.
1% during the fourth quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 120 shares during the period. Lakewood Asset Management LLC grew its position in shares of Lear by 1.
3% during the 4th quarter. Lakewood Asset Management LLC now owns 9,957 shares of the auto parts company’s stock worth $943,000 after buying an additional 126 shares during the period. Quarry LP increased its stake in shares of Lear by 13.
8% in the 3rd quarter. Quarry LP now owns 1,105 shares of the auto parts company’s stock valued at $121,000 after acquiring an additional 134 shares during the last quarter. Addison Advisors LLC raised its position in shares of Lear by 68.
2% in the 4th quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 137 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Lear by 4.
2% during the 3rd quarter. Wellington Management Group LLP now owns 3,526 shares of the auto parts company’s stock worth $385,000 after acquiring an additional 143 shares during the last quarter. Institutional investors own 97.
04% of the company’s stock. Lear Price Performance Shares of LEA opened at $96.32 on Wednesday.
The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.
59. Lear Co. has a twelve month low of $86.
28 and a twelve month high of $147.11. The stock has a market capitalization of $5.
17 billion, a P/E ratio of 10.77, a P/E/G ratio of 0.49 and a beta of 1.
44. The company has a 50 day moving average of $95.12 and a 200-day moving average of $99.
97. Lear Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Thursday, March 6th will be paid a $0.
77 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.
08 annualized dividend and a dividend yield of 3.20%. Lear’s dividend payout ratio is presently 34.
45%. Analyst Ratings Changes Several equities research analysts have commented on LEA shares. UBS Group lowered their target price on shares of Lear from $104.
00 to $102.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Barclays dropped their price objective on Lear from $120.
00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. StockNews.
com upgraded Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Evercore ISI lowered their price target on Lear from $125.00 to $110.
00 and set an “in-line” rating for the company in a report on Monday, February 10th. Finally, Cowen cut 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 issued a buy rating to the company’s stock.
According to MarketBeat.com, Lear has an average rating of “Hold” and an average target price of $123.36.
Check Out Our Latest Stock Analysis on LEA Insider Buying and Selling In other Lear news, Director Rod Lache acquired 2,178 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $91.80 per share, for a total transaction of $199,940.
40. Following the completion of the purchase, the director now directly owns 2,178 shares of the company’s stock, valued at approximately $199,940.40.
This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . 0.
79% of the stock is owned by corporate insiders. 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.
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