1 week Ago By ABMN Staff
California Public Employees Retirement System trimmed its stake in Lear Co. ( NYSE:LEA – Free Report ) by 7.3% during the fourth quarter, Holdings Channel reports.
The fund owned 109,199 shares of the auto parts company’s stock after selling 8,642 shares during the quarter. California Public Employees Retirement System’s holdings in Lear were worth $10,341,000 as of its most recent filing with the SEC. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company.
Schroder Investment Management Group bought a new position in shares of Lear in the fourth quarter valued at approximately $90,700,000. Arrowstreet Capital Limited Partnership grew its stake in Lear by 138.1% in the 4th quarter.
Arrowstreet Capital Limited Partnership now owns 43,474 shares of the auto parts company’s stock valued at $4,117,000 after buying an additional 25,217 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in Lear by 17.7% in the 4th quarter.
Pictet Asset Management Holding SA now owns 8,852 shares of the auto parts company’s stock valued at $838,000 after buying an additional 1,334 shares during the last quarter. Nomura Asset Management Co. Ltd.
raised its holdings in Lear by 14.8% in the 4th quarter. Nomura Asset Management Co.
Ltd. now owns 79,268 shares of the auto parts company’s stock worth $7,507,000 after acquiring an additional 10,200 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in Lear during the 4th quarter worth $3,871,000.
97.04% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling at Lear In other news, Director Rod Lache acquired 2,178 shares of the company’s stock in a transaction dated Wednesday, March 5th.
The stock was bought at an average price of $91.80 per share, with a total value of $199,940.40.
Following the completion of the acquisition, the director now owns 2,178 shares in the company, valued at approximately $199,940.40. This represents a ∞ increase in their position.
The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink . Company insiders own 0.79% of the company’s stock.
Analyst Ratings Changes Read Our Latest Stock Report on LEA Lear Price Performance Shares of Lear stock opened at $81.43 on Monday. The firm has a market cap of $4.
37 billion, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 0.49 and a beta of 1.
34. The firm’s 50-day simple moving average is $94.43 and its 200-day simple moving average is $97.
58. Lear Co. has a twelve month low of $77.
23 and a twelve month high of $144.11. The company has a debt-to-equity ratio of 0.
59, a quick ratio of 1.02 and a current ratio of 1.32.
Lear ( NYSE:LEA – Get Free Report ) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.
50 by $0.44. Lear had a return on equity of 14.
70% and a net margin of 2.17%. As a group, research analysts expect that Lear Co.
will post 12.89 EPS for the current fiscal year. Lear Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th.
Shareholders of record on Thursday, March 6th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, March 6th.
This represents a $3.08 annualized dividend and a yield of 3.78%.
Lear’s dividend payout ratio is currently 34.45%. Lear Company Profile ( 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. Read More Want to see what other hedge funds are holding LEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lear Co.
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