AE Wealth Management LLC Has $1.49 Million Stock Position in Lear Co. (NYSE:LEA)

AE Wealth Management LLC trimmed its holdings in shares of Lear Co. (NYSE:LEA) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,043 shares of the auto parts company’s stock after selling 252 shares during the quarter. AE Wealth Management LLC’s holdings in Lear were worth $1,490,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Michigan Retirement System lifted its position in Lear by 0.5% during the first quarter. State of Michigan Retirement System now owns 18,393 shares of the auto parts company’s stock worth $2,665,000 after purchasing an additional 100 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Lear by 2.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,828 shares of the auto parts company’s stock worth $555,000 after acquiring an additional 100 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Lear by 1.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,828 shares of the auto parts company’s stock valued at $989,000 after acquiring an additional 124 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Lear by 6.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,180 shares of the auto parts company’s stock valued at $316,000 after purchasing an additional 137 shares in the last quarter. Finally, Wahed Invest LLC lifted its stake in Lear by 14.0% during the first quarter. Wahed Invest LLC now owns 1,125 shares of the auto parts company’s stock worth $163,000 after purchasing an additional 138 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Lear Stock Up 1.2 %

Shares of NYSE:LEA opened at $109.93 on Wednesday. The business has a fifty day simple moving average of $113.43 and a 200 day simple moving average of $123.34. Lear Co. has a 12-month low of $101.67 and a 12-month high of $147.11. The firm has a market cap of $6.24 billion, a P/E ratio of 11.99, a P/E/G ratio of 0.41 and a beta of 1.45. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.56.

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

Lear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Wednesday, September 4th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Wednesday, September 4th. Lear’s dividend payout ratio is presently 33.59%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com raised Lear from a “hold” rating to a “buy” rating in a report on Friday, July 26th. Evercore ISI dropped their target price on shares of Lear from $155.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, July 15th. Wolfe Research initiated coverage on shares of Lear in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Citigroup dropped their price objective on shares of Lear from $141.00 to $127.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Lear from $179.00 to $166.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lear currently has a consensus rating of “Moderate Buy” and an average 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.