Wipfli Financial Advisors LLC Takes $136,000 Position in Lear Co. (NYSE:LEA)

Wipfli Financial Advisors LLC bought a new stake in Lear Co. (NYSE:LEAGet Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,138 shares of the auto parts company’s stock, valued at approximately $136,000.

Other hedge funds also recently modified their holdings of the company. Pzena Investment Management LLC increased its stake in shares of Lear by 3.2% in the second quarter. Pzena Investment Management LLC now owns 6,463,079 shares of the auto parts company’s stock worth $813,637,000 after acquiring an additional 197,550 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Lear by 0.6% in the first quarter. Vanguard Group Inc. now owns 5,532,044 shares of the auto parts company’s stock worth $788,815,000 after acquiring an additional 32,169 shares during the last quarter. Capital International Investors increased its stake in shares of Lear by 47.9% in the first quarter. Capital International Investors now owns 3,064,807 shares of the auto parts company’s stock worth $437,259,000 after acquiring an additional 993,216 shares during the last quarter. State Street Corp increased its stake in shares of Lear by 0.5% in the first quarter. State Street Corp now owns 2,463,244 shares of the auto parts company’s stock worth $351,234,000 after acquiring an additional 12,072 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Lear by 4.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,012,911 shares of the auto parts company’s stock worth $253,406,000 after acquiring an additional 81,534 shares during the last quarter. Hedge funds and other institutional investors own 99.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on LEA shares. Wells Fargo & Company downgraded shares of Lear from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $149.00 to $139.00 in a research report on Wednesday, December 14th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Lear from $155.00 to $138.00 in a research report on Wednesday, November 2nd. Royal Bank of Canada lowered their target price on shares of Lear from $142.00 to $137.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 2nd. TheStreet raised shares of Lear from a “c+” rating to a “b-” rating in a research report on Friday, November 11th. Finally, Morgan Stanley lowered their price target on Lear from $140.00 to $133.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 2nd. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $156.77.

Lear Stock Up 0.2 %

NYSE LEA opened at $131.22 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.33. The firm has a 50-day simple moving average of $133.72 and a 200 day simple moving average of $134.87. Lear Co. has a twelve month low of $114.67 and a twelve month high of $194.23. The stock has a market cap of $7.76 billion, a PE ratio of 33.99, a PEG ratio of 0.29 and a beta of 1.50.

Lear (NYSE:LEAGet Rating) last released its earnings results on Tuesday, November 1st. The auto parts company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.19. Lear had a net margin of 1.14% and a return on equity of 9.21%. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.13 billion. On average, research analysts forecast that Lear Co. will post 8.42 EPS for the current year.

Lear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 27th. Shareholders of record on Wednesday, December 7th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Tuesday, December 6th. Lear’s dividend payout ratio is 79.79%.

Insiders Place Their Bets

In other Lear news, CEO Raymond E. Scott sold 6,143 shares of the firm’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $125.31, for a total transaction of $769,779.33. Following the completion of the transaction, the chief executive officer now owns 29,525 shares in the company, valued at $3,699,777.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Lear news, EVP Frank C. Orsini sold 19,501 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $150.13, for a total transaction of $2,927,685.13. Following the completion of the transaction, the executive vice president now owns 11,842 shares in the company, valued at $1,777,839.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Raymond E. Scott sold 6,143 shares of the firm’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $125.31, for a total transaction of $769,779.33. Following the transaction, the chief executive officer now owns 29,525 shares of the company’s stock, valued at approximately $3,699,777.75. The disclosure for this sale can be found here. Insiders sold a total of 42,113 shares of company stock worth $5,986,769 over the last quarter. Company insiders own 0.67% of the company’s stock.

Lear Company Profile

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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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Institutional Ownership by Quarter for Lear (NYSE:LEA)

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