LPL Financial LLC Has $1.78 Million Stock Holdings in Lear Co. (NYSE:LEA)

LPL Financial LLC raised its holdings in shares of Lear Co. (NYSE:LEA) by 243.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,754 shares of the auto parts company’s stock after purchasing an additional 13,295 shares during the period. LPL Financial LLC’s holdings in Lear were worth $1,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Nisa Investment Advisors LLC raised its stake in Lear by 187.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock worth $27,000 after buying an additional 187 shares during the period. Addison Advisors LLC grew its stake in shares of Lear by 68.2% in the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock valued at $32,000 after buying an additional 137 shares in the last quarter. UMB Bank n.a. increased its holdings in Lear by 233.3% during the fourth quarter. UMB Bank n.a. now owns 410 shares of the auto parts company’s stock worth $39,000 after buying an additional 287 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of Lear by 39.1% during the 4th quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 120 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Lear in the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Insider Activity

In related news, Director Rod Lache purchased 2,178 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $91.80 per share, for a total transaction of $199,940.40. Following the purchase, the director now owns 2,178 shares of the company’s stock, valued at approximately $199,940.40. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LEA has been the topic of several research analyst reports. Barclays lowered their price target on shares of Lear from $115.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday. Morgan Stanley dropped their price target on Lear from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. decreased their price objective on Lear from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Cowen downgraded Lear from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Finally, Wells Fargo & Company raised their price target on shares of Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Lear has a consensus rating of “Hold” and an average price target of $114.27.

Lear Stock Down 1.0 %

LEA stock opened at $77.62 on Thursday. The firm has a 50-day moving average price of $91.10 and a 200-day moving average price of $95.66. The stock has a market capitalization of $4.16 billion, a P/E ratio of 8.68, a price-to-earnings-growth 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 Co. has a 12 month low of $73.85 and a 12 month high of $138.69.

Lear (NYSE:LEA) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 earnings per share 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, equities research analysts anticipate that Lear Co. will post 12.89 EPS for the current fiscal year.

Lear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 6th were issued a $0.77 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $3.08 annualized dividend and a yield of 3.97%. Lear’s payout ratio is 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.