Entropy Technologies LP purchased a new position in Lear Co. (NYSE:LEA – Free Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 10,491 shares of the auto parts company’s stock, valued at approximately $993,000.
Other large investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised its position in shares of Lear by 187.0% in 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 last quarter. Blue Trust Inc. raised its holdings in shares of Lear by 240.4% in the third quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock worth $35,000 after buying an additional 214 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Lear during the third quarter worth $34,000. Signaturefd LLC grew its holdings in shares of Lear by 71.6% during the third quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock valued at $36,000 after buying an additional 139 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Lear by 233.3% in the 4th quarter. UMB Bank n.a. now owns 410 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 287 shares during the period. Hedge funds and other institutional investors own 97.04% of the company’s stock.
Lear Trading Up 0.2 %
Shares of Lear stock opened at $96.35 on Tuesday. Lear Co. has a fifty-two week low of $86.28 and a fifty-two week high of $147.11. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.32. The company has a market cap of $5.24 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 0.62 and a beta of 1.42. The firm has a 50-day simple moving average of $95.52 and a two-hundred day simple moving average of $102.63.
Lear Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 11th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Wednesday, December 11th. Lear’s payout ratio is presently 34.45%.
Wall Street Analysts Forecast Growth
LEA has been the subject of a number of research reports. Bank of America lowered their price target on Lear from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Evercore ISI dropped their target price on Lear from $125.00 to $110.00 and set an “in-line” rating on the stock in a research report on Monday. Barclays reduced their price target on shares of Lear from $120.00 to $115.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Wells Fargo & Company upped their price objective on shares of Lear from $99.00 to $103.00 and gave the company an “equal weight” rating in a report on Friday. Finally, StockNews.com raised shares of Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $127.00.
Get Our Latest Analysis on LEA
Lear Company Profile
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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