2 weeks Ago By Defense World Staff
Charles Schwab Investment Management Inc. boosted its holdings in shares of Lear Co. (NYSE:LEA – Free Report) by 6.
0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 495,764 shares of the auto parts company’s stock after purchasing an additional 27,901 shares during the period. Charles Schwab Investment Management Inc.
owned about 0.91% of Lear worth $46,949,000 as of its most recent SEC filing. Other hedge funds also recently modified their holdings of the company.
Steward Partners Investment Advisory LLC grew its holdings in Lear by 9.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,221 shares of the auto parts company’s stock worth $305,000 after acquiring an additional 282 shares during the period.
SRS Capital Advisors Inc. boosted its stake in shares of Lear by 14,322.2% during the 4th quarter.
SRS Capital Advisors Inc. now owns 1,298 shares of the auto parts company’s stock worth $123,000 after buying an additional 1,289 shares during the last quarter. QRG Capital Management Inc.
raised its holdings in shares of Lear by 11.9% in the 4th quarter. QRG Capital Management Inc.
now owns 7,507 shares of the auto parts company’s stock valued at $711,000 after purchasing an additional 796 shares during the period. Illinois Municipal Retirement Fund raised its holdings in Lear by 67.0% in the 4th quarter.
Illinois Municipal Retirement Fund now owns 33,103 shares of the auto parts company’s stock valued at $3,135,000 after acquiring an additional 13,281 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Lear by 17.1% in the 4th quarter.
Bank of New York Mellon Corp now owns 676,977 shares of the auto parts company’s stock valued at $64,110,000 after acquiring an additional 99,072 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.
Lear Price PerformanceShares of Lear stock opened at $94.56 on Friday. The stock has a market capitalization of $5.
07 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 0.49 and a beta of 1.
44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.
02 and a current ratio of 1.32. The company has a fifty day moving average of $95.
17 and a 200-day moving average of $99.74. Lear Co.
has a 52-week low of $86.28 and a 52-week high of $147.11.
Lear (NYSE:LEA – Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.
50 by $0.44. Lear had a net margin of 2.
17% and a return on equity of 14.70%. Equities research analysts expect that Lear Co.
will post 12.89 EPS for the current year. Lear Announces DividendThe firm also recently declared 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 3.26%.
Lear’s payout ratio is 34.45%. Wall Street Analyst Weigh InA number of research analysts have issued reports on the stock.
Wells Fargo & Company increased their target price on shares of Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th.
Cowen downgraded shares of Lear from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. TD Cowen downgraded shares of Lear from a “buy” rating to a “hold” rating and set a $95.00 target price for the company.
in a research note on Friday, March 7th. Barclays reduced their price objective on shares of Lear from $120.00 to $115.
00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Finally, Morgan Stanley cut their price target on shares of Lear from $135.00 to $125.
00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $123.
36.View Our Latest Stock Report on LEAInsider Buying and SellingIn other news, Director Rod Lache acquired 2,178 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $91.
80 per share, with a total value of $199,940.40. Following the transaction, the director now owns 2,178 shares of the company’s stock, valued at $199,940.
40. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
0.79% of the stock is owned by company 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.See AlsoFive stocks we like better than LearWhat Does Downgrade Mean in Investing?Rubrik Stock’s V-Bottom Reversal Signals a Major Rally AheadDo ETFs Pay Dividends? What You Need to KnowHow Super Micro Computer Stock Is Defying the Market Sell-OffSpecial Purpose Acquisition Company (SPAC) What You Need to Know AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?.
