Atlas Capital Advisors LLC Sells 496 Shares of Lear Co. (NYSE:LEA)

Atlas Capital Advisors LLC trimmed its position in shares of Lear Co. (NYSE:LEA) by 69.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 216 shares of the auto parts company’s stock after selling 496 shares during the period. Atlas Capital Advisors LLC’s holdings in Lear were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in LEA. Riverview Trust Co acquired a new position in Lear during the first quarter worth approximately $32,000. Signaturefd LLC increased its holdings in shares of Lear by 32.3% in the fourth quarter. Signaturefd LLC now owns 373 shares of the auto parts company’s stock valued at $53,000 after purchasing an additional 91 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Lear in the fourth quarter valued at about $56,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Lear during the 4th quarter worth about $75,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Lear by 72.1% during the 4th quarter. V Square Quantitative Management LLC now owns 654 shares of the auto parts company’s stock worth $92,000 after buying an additional 274 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

Analyst Upgrades and Downgrades

LEA has been the subject of several research reports. Citigroup cut their price objective on shares of Lear from $145.00 to $141.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Barclays reduced their price target on Lear from $175.00 to $165.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. UBS Group lowered their price objective on Lear from $142.00 to $136.00 and set a “neutral” rating on the stock in a research report on Thursday, June 13th. JPMorgan Chase & Co. boosted their target price on shares of Lear from $177.00 to $179.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Morgan Stanley raised shares of Lear from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $150.00 to $160.00 in a research report on Friday, May 10th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $160.00.

Insider Activity at Lear

In other Lear news, Director Conrad L. Mallett, Jr. sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $124.55, for a total transaction of $159,174.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Greg C. Smith sold 2,392 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $123.86, for a total value of $296,273.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Conrad L. Mallett, Jr. sold 1,278 shares of Lear stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $124.55, for a total value of $159,174.90. The disclosure for this sale can be found here. 0.79% of the stock is owned by company insiders.

Lear Stock Down 0.1 %

Shares of NYSE LEA opened at $113.62 on Friday. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 0.26 and a beta of 1.51. The company has a current ratio of 1.33, a quick ratio of 1.04 and a debt-to-equity ratio of 0.55. Lear Co. has a 12 month low of $112.55 and a 12 month high of $157.90. The stock has a 50-day moving average price of $125.15 and a two-hundred day moving average price of $133.14.

Lear (NYSE:LEA) last issued its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $3.18 EPS for the quarter, beating the consensus estimate of $3.04 by $0.14. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $6 billion. Lear had a net margin of 2.28% and a return on equity of 14.47%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.78 EPS. As a group, analysts forecast that Lear Co. will post 14.21 earnings per share for the current fiscal year.

Lear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Thursday, June 6th. Lear’s dividend payout ratio is currently 33.59%.

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.