State of Alaska Department of Revenue Acquires 9,665 Shares of Lear Co. (NYSE:LEA)

State of Alaska Department of Revenue increased its holdings in Lear Co. (NYSE:LEA) by 147.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,198 shares of the auto parts company’s stock after purchasing an additional 9,665 shares during the period. State of Alaska Department of Revenue’s holdings in Lear were worth $1,533,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in Lear during the second quarter worth $211,000. Inspire Investing LLC boosted its stake in Lear by 22.3% during the third quarter. Inspire Investing LLC now owns 3,778 shares of the auto parts company’s stock worth $412,000 after buying an additional 688 shares during the period. CX Institutional boosted its stake in Lear by 63.2% during the third quarter. CX Institutional now owns 37,918 shares of the auto parts company’s stock worth $4,139,000 after buying an additional 14,677 shares during the period. Creative Planning boosted its stake in Lear by 7.6% during the third quarter. Creative Planning now owns 5,133 shares of the auto parts company’s stock worth $560,000 after buying an additional 363 shares during the period. Finally, nVerses Capital LLC boosted its stake in Lear by 10.3% during the third quarter. nVerses Capital LLC now owns 3,200 shares of the auto parts company’s stock worth $349,000 after buying an additional 300 shares during the period. Institutional investors own 97.04% of the company’s stock.

Lear Stock Performance

LEA opened at $96.42 on Thursday. Lear Co. has a 52-week low of $86.28 and a 52-week high of $147.11. The company has a quick ratio of 1.03, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. The company has a market cap of $5.24 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 0.62 and a beta of 1.42. The firm’s 50-day moving average price is $95.39 and its 200-day moving average price is $102.42.

Lear (NYSE:LEA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.44. Lear had a net margin of 2.17% and a return on equity of 14.70%. As a group, equities analysts anticipate that Lear Co. will post 13.29 EPS for the current fiscal year.

Lear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 11th were issued a $0.77 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $3.08 annualized dividend and a yield of 3.19%. Lear’s dividend payout ratio (DPR) is presently 34.45%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LEA. Barclays lowered their target price on shares of Lear from $120.00 to $115.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. StockNews.com raised shares of Lear from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Evercore ISI lowered their target price on shares of Lear from $125.00 to $110.00 and set an “in-line” rating for the company in a research note on Monday. Morgan Stanley lowered their target price on shares of Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Finally, Wells Fargo & Company boosted their target price on shares of Lear from $99.00 to $103.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $127.00.

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.