Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.14 Million Holdings in Lear Co. (NYSE:LEA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in Lear Co. (NYSE:LEA) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,001 shares of the auto parts company’s stock after selling 400 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Lear were worth $1,136,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its stake in Lear by 114.1% in the 4th quarter. Teacher Retirement System of Texas now owns 35,120 shares of the auto parts company’s stock valued at $3,326,000 after acquiring an additional 18,715 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in Lear by 2.1% during the fourth quarter. Royal London Asset Management Ltd. now owns 188,468 shares of the auto parts company’s stock worth $17,848,000 after purchasing an additional 3,942 shares during the last quarter. Xponance Inc. grew its position in Lear by 6.8% in the fourth quarter. Xponance Inc. now owns 6,511 shares of the auto parts company’s stock valued at $617,000 after purchasing an additional 414 shares in the last quarter. Royce & Associates LP acquired a new stake in Lear in the 4th quarter valued at $10,401,000. Finally, Natixis Advisors LLC lifted its position in Lear by 57.4% during the 4th quarter. Natixis Advisors LLC now owns 72,394 shares of the auto parts company’s stock worth $6,856,000 after buying an additional 26,396 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Rod Lache bought 2,178 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $91.80 per share, for a total transaction of $199,940.40. Following the transaction, the director now owns 2,178 shares in the company, valued at $199,940.40. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.79% of the company’s stock.

Lear Price Performance

Shares of NYSE LEA opened at $97.57 on Thursday. The firm has a market cap of $5.23 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 0.49 and a beta of 1.44. The business’s 50 day moving average is $95.62 and its 200-day moving average is $98.58. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. Lear Co. has a 1-year low of $86.28 and a 1-year high of $146.19.

Lear (NYSE:LEA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. Equities research analysts predict that Lear Co. will post 12.89 earnings per share for the current year.

Lear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Thursday, March 6th. Lear’s dividend payout ratio is currently 34.45%.

Analysts Set New Price Targets

A number of research firms recently issued reports on LEA. Cowen downgraded Lear from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. TD Cowen lowered Lear from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research report on Friday, March 7th. StockNews.com raised Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Barclays cut 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 note on Wednesday, January 22nd. Finally, Evercore ISI lowered their price objective on shares of Lear from $125.00 to $110.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $123.36.

About Lear

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.