Aigen Investment Management LP Acquires 3,435 Shares of Lear Co. (NYSE:LEA)

Aigen Investment Management LP lifted its holdings in shares of Lear Co. (NYSE:LEA) by 61.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,055 shares of the auto parts company’s stock after purchasing an additional 3,435 shares during the period. Aigen Investment Management LP’s holdings in Lear were worth $858,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RWC Asset Management LLP boosted its position in shares of Lear by 23.3% during the 4th quarter. RWC Asset Management LLP now owns 410,908 shares of the auto parts company’s stock valued at $38,913,000 after purchasing an additional 77,691 shares in the last quarter. Barclays PLC boosted its holdings in Lear by 9.8% in the third quarter. Barclays PLC now owns 135,049 shares of the auto parts company’s stock worth $14,742,000 after acquiring an additional 12,094 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Lear by 16.9% in the fourth quarter. Nordea Investment Management AB now owns 39,465 shares of the auto parts company’s stock worth $3,759,000 after acquiring an additional 5,711 shares in the last quarter. Intech Investment Management LLC bought a new position in Lear in the third quarter worth approximately $1,946,000. Finally, Bank of New York Mellon Corp boosted its holdings in Lear by 17.1% in the fourth quarter. Bank of New York Mellon Corp now owns 676,977 shares of the auto parts company’s stock worth $64,110,000 after acquiring an additional 99,072 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

Lear Stock Up 5.2 %

LEA stock opened at $93.96 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $5.04 billion, a PE ratio of 10.51, a PEG ratio of 0.49 and a beta of 1.44. Lear Co. has a twelve month low of $86.28 and a twelve month high of $147.11. The stock has a 50-day simple moving average of $94.90 and a two-hundred day simple moving average of $100.57.

Lear (NYSE:LEA) last posted its earnings results 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%. On average, equities analysts predict that Lear Co. will post 12.89 EPS for the current fiscal year.

Lear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Thursday, March 6th. Lear’s payout ratio is 34.45%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LEA. Barclays lowered their price objective on Lear from $120.00 to $115.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. StockNews.com raised Lear from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Morgan Stanley lowered their price objective on Lear from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday. UBS Group lowered 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. Finally, Wells Fargo & Company increased their price objective on Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lear currently has a consensus rating of “Hold” and an average price target of $126.09.

Lear 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.