Yousif Capital Management LLC Sells 311 Shares of Lear Co. (NYSE:LEA)

Yousif Capital Management LLC cut its position in shares of Lear Co. (NYSE:LEA) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,233 shares of the auto parts company’s stock after selling 311 shares during the quarter. Yousif Capital Management LLC’s holdings in Lear were worth $1,873,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LEA. Assetmark Inc. boosted its stake in Lear by 5.9% in the fourth quarter. Assetmark Inc. now owns 9,216 shares of the auto parts company’s stock worth $873,000 after buying an additional 515 shares in the last quarter. RWC Asset Management LLP lifted its holdings in shares of Lear by 23.3% in the 4th quarter. RWC Asset Management LLP now owns 410,908 shares of the auto parts company’s stock worth $38,913,000 after acquiring an additional 77,691 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Lear in the 4th quarter valued at $3,871,000. Dimensional Fund Advisors LP grew its holdings in shares of Lear by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,614,227 shares of the auto parts company’s stock valued at $247,566,000 after purchasing an additional 283,838 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Lear by 17.1% during the 4th quarter. Bank of New York Mellon Corp now owns 676,977 shares of the auto parts company’s stock valued at $64,110,000 after purchasing an additional 99,072 shares during the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LEA has been the subject of several analyst reports. Wall Street Zen upgraded shares of Lear from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Cowen lowered Lear from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. increased their target price on Lear from $119.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Wells Fargo & Company lifted their price target on Lear from $89.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Finally, Barclays downgraded Lear from an “equal weight” rating to a “negative” rating in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Lear presently has a consensus rating of “Hold” and a consensus price target of $112.09.

Lear Stock Down 3.2%

Shares of NYSE LEA opened at $90.48 on Monday. The firm has a fifty day simple moving average of $87.17 and a two-hundred day simple moving average of $92.04. Lear Co. has a 12 month low of $73.85 and a 12 month high of $126.85. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $4.84 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 0.49 and a beta of 1.29.

Lear (NYSE:LEA) last announced its quarterly earnings results on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.48. Lear had a net margin of 2.17% and a return on equity of 14.70%. The company had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.47 billion. During the same quarter in the previous year, the company earned $3.18 earnings per share. Lear’s quarterly revenue was down 7.2% on a year-over-year basis. Equities analysts expect that Lear Co. will post 12.89 earnings per share for the current year.

Lear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Thursday, June 5th. Lear’s payout ratio is presently 36.11%.

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.