Lear Co. (NYSE:LEA) Stock Holdings Increased by Raymond James & Associates

Raymond James & Associates grew its stake in shares of Lear Co. (NYSE:LEAGet Rating) by 20.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,213 shares of the auto parts company’s stock after purchasing an additional 10,692 shares during the quarter. Raymond James & Associates’ holdings in Lear were worth $7,686,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new position in shares of Lear during the second quarter valued at approximately $33,000. Trust Co. of Vermont acquired a new position in shares of Lear during the second quarter worth approximately $34,000. Quent Capital LLC boosted its position in shares of Lear by 35.6% during the second quarter. Quent Capital LLC now owns 434 shares of the auto parts company’s stock worth $55,000 after buying an additional 114 shares during the period. Fifth Third Bancorp boosted its position in shares of Lear by 25.3% during the second quarter. Fifth Third Bancorp now owns 486 shares of the auto parts company’s stock worth $61,000 after buying an additional 98 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Lear during the third quarter worth approximately $72,000. 99.56% of the stock is owned by institutional investors.

Lear Price Performance

NYSE LEA opened at $137.78 on Friday. The stock has a market capitalization of $8.14 billion, a P/E ratio of 35.69, a P/E/G ratio of 0.29 and a beta of 1.50. Lear Co. has a 1 year low of $114.67 and a 1 year high of $191.24. The business’s fifty day moving average is $134.09 and its two-hundred day moving average is $134.92. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.33.

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

Lear Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Tuesday, December 6th. Lear’s dividend payout ratio (DPR) is currently 79.79%.

Insider Activity

In other news, CEO Raymond E. Scott sold 6,142 shares of the stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $127.59, for a total value of $783,657.78. Following the completion of the sale, the chief executive officer now owns 16,740 shares in the company, valued at $2,135,856.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Raymond E. Scott sold 6,142 shares of the stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $127.59, for a total value of $783,657.78. Following the completion of the sale, the chief executive officer now owns 16,740 shares in the company, valued at $2,135,856.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas A. Didonato sold 1,300 shares of the stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $129.03, for a total value of $167,739.00. The disclosure for this sale can be found here. Insiders sold 42,113 shares of company stock worth $5,986,769 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

LEA has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Lear from $155.00 to $138.00 in a research report on Wednesday, November 2nd. StockNews.com initiated coverage on Lear in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Citigroup boosted their price objective on Lear from $138.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday. Morgan Stanley cut their target price on Lear from $140.00 to $133.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 2nd. Finally, Wells Fargo & Company downgraded Lear from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $149.00 to $139.00 in a research report on Wednesday, December 14th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $157.38.

Lear Profile

(Get Rating)

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.

See Also

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:LEAGet Rating).

Institutional Ownership by Quarter for Lear (NYSE:LEA)

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.com's FREE daily email newsletter.