Tokio Marine Asset Management Co. Ltd. Has $288,000 Stock Position in Lear Co. (NYSE:LEA)

Tokio Marine Asset Management Co. Ltd. reduced its holdings in Lear Co. (NYSE:LEA) by 6.5% in the 4th quarter, HoldingsChannel reports. The fund owned 2,043 shares of the auto parts company’s stock after selling 143 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Lear were worth $288,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Lear by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,912,006 shares of the auto parts company’s stock valued at $793,391,000 after acquiring an additional 45,567 shares during the period. FMR LLC increased its position in Lear by 17.9% in the 3rd quarter. FMR LLC now owns 1,896,871 shares of the auto parts company’s stock valued at $254,560,000 after acquiring an additional 287,483 shares during the period. Nordea Investment Management AB increased its position in Lear by 13.8% in the 4th quarter. Nordea Investment Management AB now owns 1,237,016 shares of the auto parts company’s stock valued at $174,382,000 after acquiring an additional 149,958 shares during the period. Invesco Ltd. increased its position in Lear by 236.2% in the 3rd quarter. Invesco Ltd. now owns 577,690 shares of the auto parts company’s stock valued at $77,526,000 after acquiring an additional 405,875 shares during the period. Finally, Northern Trust Corp increased its position in Lear by 2.6% in the 3rd quarter. Northern Trust Corp now owns 529,304 shares of the auto parts company’s stock valued at $71,033,000 after acquiring an additional 13,248 shares during the period. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Lear Stock Up 2.2 %

Shares of Lear stock opened at $136.47 on Monday. Lear Co. has a 12-month low of $117.79 and a 12-month high of $157.90. The company has a market cap of $7.77 billion, a P/E ratio of 14.10, a PEG ratio of 0.34 and a beta of 1.54. The company has a current ratio of 1.35, a quick ratio of 1.04 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $138.81 and its two-hundred day simple moving average is $135.83.

Lear (NYSE:LEA) last announced its earnings results on Tuesday, February 6th. The auto parts company reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.09). Lear had a net margin of 2.44% and a return on equity of 14.09%. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.69 billion. During the same quarter last year, the firm posted $2.81 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. Research analysts anticipate that Lear Co. will post 14.51 EPS for the current year.

Lear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Thursday, March 7th. Lear’s dividend payout ratio (DPR) is presently 31.82%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LEA shares. Morgan Stanley increased their price objective on shares of Lear from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. StockNews.com cut shares of Lear from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. increased their price objective on shares of Lear from $177.00 to $179.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Benchmark increased their price objective on shares of Lear from $188.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, Barclays increased their target price on shares of Lear from $170.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.44.

Insider Activity

In related news, CEO Raymond E. Scott sold 10,652 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $132.86, for a total value of $1,415,224.72. Following the transaction, the chief executive officer now owns 13,627 shares in the company, valued at approximately $1,810,483.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Jason M. Cardew sold 2,750 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $140.81, for a total value of $387,227.50. Following the transaction, the chief financial officer now owns 17,506 shares in the company, valued at approximately $2,465,019.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Raymond E. Scott sold 10,652 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $132.86, for a total transaction of $1,415,224.72. Following the completion of the transaction, the chief executive officer now owns 13,627 shares in the company, valued at approximately $1,810,483.22. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

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.