Deutsche Bank AG Has $3.56 Million Holdings in Lear Co. (NYSE:LEA)

Deutsche Bank AG trimmed its position in Lear Co. (NYSE:LEA) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,540 shares of the auto parts company’s stock after selling 251 shares during the quarter. Deutsche Bank AG owned about 0.07% of Lear worth $3,555,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors bought a new position in Lear during the fourth quarter worth $205,000. Balyasny Asset Management L.P. acquired a new position in Lear in the fourth quarter valued at about $17,677,000. Bayesian Capital Management LP grew its position in Lear by 38.7% during the 4th quarter. Bayesian Capital Management LP now owns 25,427 shares of the auto parts company’s stock worth $2,408,000 after acquiring an additional 7,100 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of Lear by 195.2% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 107,480 shares of the auto parts company’s stock valued at $10,178,000 after buying an additional 71,074 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Lear by 38.9% during the fourth quarter. AQR Capital Management LLC now owns 97,239 shares of the auto parts company’s stock worth $9,209,000 after purchasing an additional 27,213 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors.

Lear Trading Down 0.2%

LEA opened at $93.87 on Wednesday. The company’s 50 day moving average is $87.04 and its 200-day moving average is $92.85. The company has a market cap of $5.02 billion, a P/E ratio of 10.50, a PEG ratio of 0.49 and a beta of 1.30. Lear Co. has a 1-year low of $73.85 and a 1-year high of $128.33. 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 posted its earnings results on Tuesday, May 6th. The auto parts company reported $3.12 EPS for the quarter, beating the consensus estimate of $2.64 by $0.48. Lear had a return on equity of 14.70% and a net margin of 2.17%. The firm had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same period last year, the company earned $3.18 earnings per share. The business’s quarterly revenue was down 7.2% on a year-over-year basis. Equities research analysts predict that Lear Co. will post 12.89 earnings per share for the current fiscal year.

Lear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.77 per share. The ex-dividend date is Thursday, June 5th. This represents a $3.08 annualized dividend and a yield of 3.28%. Lear’s payout ratio is 36.11%.

Insider Activity at Lear

In related news, Director Rod Lache purchased 2,178 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $91.80 per share, with a total value of $199,940.40. Following the completion of the purchase, the director now owns 2,178 shares in the company, valued at approximately $199,940.40. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LEA shares. JPMorgan Chase & Co. raised their price target on Lear from $119.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Barclays lowered shares of Lear from an “equal weight” rating to a “negative” rating in a research note on Tuesday, April 15th. UBS Group increased their price objective on Lear from $83.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Citigroup began coverage on Lear in a research report on Wednesday, April 23rd. They set a “buy” rating and a $123.00 price target on the stock. Finally, Morgan Stanley cut their target price on shares of Lear from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $112.09.

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.