Lear Co. (NYSE:LEA) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in shares of Lear Co. (NYSE:LEA) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,709 shares of the auto parts company’s stock after acquiring an additional 183 shares during the quarter. Wellington Management Group LLP’s holdings in Lear were worth $351,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LEA. Schroder Investment Management Group purchased a new position in Lear during the fourth quarter worth $90,700,000. Vanguard Group Inc. raised its holdings in shares of Lear by 7.4% during the 4th quarter. Vanguard Group Inc. now owns 6,491,895 shares of the auto parts company’s stock valued at $614,782,000 after buying an additional 447,835 shares during the period. Norges Bank acquired a new position in Lear in the 4th quarter worth $31,881,000. American Century Companies Inc. raised its position in shares of Lear by 310.5% in the 4th quarter. American Century Companies Inc. now owns 345,580 shares of the auto parts company’s stock valued at $32,726,000 after purchasing an additional 261,390 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Lear by 7,452.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 173,855 shares of the auto parts company’s stock worth $16,129,000 after purchasing an additional 171,553 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Insider Buying and Selling

In other Lear news, Director Rod Lache purchased 2,178 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $91.80 per share, with a total value of $199,940.40. Following the completion of the transaction, the director now directly owns 2,178 shares of the company’s stock, valued at approximately $199,940.40. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. UBS Group dropped their price target on Lear from $102.00 to $83.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Evercore ISI decreased their price objective on Lear from $125.00 to $110.00 and set an “in-line” rating for the company in a report on Monday, February 10th. TD Cowen cut shares of Lear from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a research note on Friday, March 7th. Wells Fargo & Company boosted 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. Finally, Cowen cut shares of Lear from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $117.00.

Lear Price Performance

Shares of NYSE:LEA opened at $78.55 on Tuesday. The business has a fifty day simple moving average of $91.79 and a 200 day simple moving average of $95.91. Lear Co. has a 1 year low of $73.85 and a 1 year high of $138.69. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 0.49 and a beta of 1.34. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59.

Lear (NYSE:LEA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts predict that Lear Co. will post 12.89 earnings per share for the current fiscal year.

Lear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.92%. The ex-dividend date was Thursday, March 6th. Lear’s dividend payout ratio is currently 34.45%.

Lear Company 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.