1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC lowered its stake in Lear Co. ( NYSE:LEA – Free Report ) by 35.4% during the 4th quarter, HoldingsChannel reports.
The firm owned 3,578 shares of the auto parts company’s stock after selling 1,958 shares during the period. Orion Portfolio Solutions LLC’s holdings in Lear were worth $339,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors also recently bought and sold shares of LEA.
Brooklyn Investment Group increased its stake in shares of Lear by 39.1% in the 4th quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 120 shares in the last quarter.
Lakewood Asset Management LLC lifted its holdings in Lear by 1.3% during the fourth quarter. Lakewood Asset Management LLC now owns 9,957 shares of the auto parts company’s stock valued at $943,000 after purchasing an additional 126 shares in the last quarter.
Addison Advisors LLC boosted its position in shares of Lear by 68.2% in the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 137 shares during the period.
Wellington Management Group LLP increased its stake in shares of Lear by 4.2% in the third quarter. Wellington Management Group LLP now owns 3,526 shares of the auto parts company’s stock worth $385,000 after purchasing an additional 143 shares in the last quarter.
Finally, Nisa Investment Advisors LLC raised its position in shares of Lear by 187.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 187 shares during the period.
Institutional investors own 97.04% of the company’s stock. Lear Price Performance Shares of LEA stock opened at $75.
03 on Wednesday. The stock has a 50 day moving average price of $93.21 and a 200 day moving average price of $96.
97. Lear Co. has a 52-week low of $74.
27 and a 52-week 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.
The firm has a market capitalization of $4.02 billion, a P/E ratio of 8.39, a P/E/G ratio of 0.
49 and a beta of 1.34. Lear Announces Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th.
Stockholders of record on Thursday, March 6th were given a dividend of $0.77 per share. This represents a $3.
08 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Thursday, March 6th.
Lear’s dividend payout ratio (DPR) is presently 34.45%. Insider Activity In other news, Director Rod Lache purchased 2,178 shares of the business’s stock in a transaction dated 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 owns 2,178 shares in the company, valued at approximately $199,940.40. This represents a ∞ increase in their position.
The purchase was disclosed in a filing with the SEC, which can be accessed through this link . Insiders own 0.79% of the company’s stock.
Wall Street Analyst Weigh In A number of equities analysts have recently weighed in on LEA shares. UBS Group dropped their price objective on Lear from $104.00 to $102.
00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Barclays decreased their price target on shares of Lear from $120.00 to $115.
00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price objective on Lear from $147.
00 to $143.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Cowen cut shares of Lear from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th.
Finally, Wells Fargo & Company upped their target price on shares of Lear from $99.00 to $103.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th.
Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $123.36.
View Our Latest Report 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. 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. ( NYSE:LEA – Free Report ). Receive News & Ratings for Lear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear and related companies with MarketBeat.
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