227 Shares in Lear Co. (NYSE:LEA) Bought by Altshuler Shaham Ltd

Altshuler Shaham Ltd bought a new stake in Lear Co. (NYSE:LEA) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 227 shares of the auto parts company’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in Lear in the 1st quarter valued at $29,000. Riverview Trust Co purchased a new position in Lear during the first quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its position in Lear by 70.5% in the second quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 110 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Lear in the 1st quarter valued at approximately $62,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Lear during the 4th quarter worth approximately $75,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Lear Stock Performance

Shares of NYSE LEA opened at $108.02 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.34 and a quick ratio of 1.04. The company has a market cap of $6.13 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.41 and a beta of 1.45. The company has a 50-day simple moving average of $113.91 and a 200-day simple moving average of $123.79. Lear Co. has a 12 month low of $101.67 and a 12 month high of $147.11.

Lear (NYSE:LEA) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.26. Lear had a return on equity of 14.75% and a net margin of 2.30%. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the firm posted $3.33 EPS. Lear’s revenue was up .2% on a year-over-year basis. On average, equities analysts anticipate that Lear Co. will post 12.79 earnings per share for the current year.

Lear Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, September 4th. Lear’s dividend payout ratio (DPR) is 33.59%.

Analyst Ratings Changes

A number of research firms recently weighed in on LEA. Wells Fargo & Company decreased their price target on Lear from $131.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Friday. Morgan Stanley lowered their price target on shares of Lear from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 14th. Bank of America cut their price target on shares of Lear from $205.00 to $185.00 and set a “buy” rating for the company in a report on Monday, July 22nd. JPMorgan Chase & Co. lowered their target price on shares of Lear from $179.00 to $166.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Finally, Citigroup reduced their price target on shares of Lear from $141.00 to $127.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lear has a consensus rating of “Moderate Buy” and a consensus price target of $149.70.

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.