Systematic Financial Management LP Has $1.87 Million Stock Holdings in Lear Co. (NYSE:LEA)

Systematic Financial Management LP increased its position in Lear Co. (NYSE:LEA) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,339 shares of the auto parts company’s stock after purchasing an additional 155 shares during the quarter. Systematic Financial Management LP’s holdings in Lear were worth $1,866,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Grimes & Company Inc. bought a new stake in shares of Lear in the 1st quarter valued at about $5,847,000. Alaska Permanent Fund Corp boosted its position in Lear by 307.9% in the first quarter. Alaska Permanent Fund Corp now owns 12,869 shares of the auto parts company’s stock valued at $1,864,000 after buying an additional 9,714 shares in the last quarter. Swedbank AB acquired a new stake in Lear in the first quarter valued at approximately $1,984,000. Asahi Life Asset Management CO. LTD. acquired a new stake in Lear in the fourth quarter valued at approximately $333,000. Finally, Point72 Asset Management L.P. boosted its position in Lear by 970.4% in the fourth quarter. Point72 Asset Management L.P. now owns 540,850 shares of the auto parts company’s stock valued at $76,373,000 after buying an additional 490,324 shares in the last quarter. 97.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

LEA has been the subject of several analyst reports. Bank of America dropped their price target on shares of Lear from $205.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Evercore ISI lowered their target price on shares of Lear from $155.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, July 15th. Citigroup lowered their target price on shares of Lear from $141.00 to $127.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Wolfe Research started coverage on shares of Lear in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, UBS Group lowered their target price on shares of Lear from $136.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.20.

Lear Stock Performance

Lear stock opened at $112.72 on Monday. The firm’s 50 day simple moving average is $112.73 and its 200 day simple moving average is $122.67. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $6.40 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45. Lear Co. has a 1-year low of $101.67 and a 1-year high of $147.11.

Lear (NYSE:LEA) last released its quarterly earnings results on Thursday, July 25th. The auto parts company reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.26. Lear had a net margin of 2.30% and a return on equity of 14.75%. The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the previous year, the company earned $3.33 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts expect that Lear Co. will post 12.66 earnings per share for the current fiscal year.

Lear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were paid a $0.77 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $3.08 dividend on an annualized basis and a yield of 2.73%. Lear’s dividend payout ratio is presently 33.59%.

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.