New York State Teachers Retirement System grew its holdings in shares of Lear Co. (NYSE:LEA – Free Report) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,823 shares of the auto parts company’s stock after purchasing an additional 874 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Lear worth $4,245,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brooklyn Investment Group boosted its stake in Lear by 39.1% during the 4th quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 120 shares during the last quarter. Lakewood Asset Management LLC boosted its stake in Lear by 1.3% during the 4th quarter. Lakewood Asset Management LLC now owns 9,957 shares of the auto parts company’s stock worth $943,000 after purchasing an additional 126 shares during the last quarter. Quarry LP boosted its position in shares of Lear by 13.8% during the 3rd quarter. Quarry LP now owns 1,105 shares of the auto parts company’s stock valued at $121,000 after acquiring an additional 134 shares during the last quarter. Signaturefd LLC boosted its position in shares of Lear by 71.6% during the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 139 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Lear by 4.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,526 shares of the auto parts company’s stock valued at $385,000 after acquiring an additional 143 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.
Lear Stock Up 0.5 %
Shares of NYSE:LEA opened at $97.55 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.02. The firm has a market capitalization of $5.23 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 0.50 and a beta of 1.42. The firm’s 50-day moving average is $94.91 and its two-hundred day moving average is $101.59. Lear Co. has a 1 year low of $86.28 and a 1 year high of $147.11.
Lear Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.08 dividend on an annualized basis and a yield of 3.16%. Lear’s dividend payout ratio (DPR) is presently 34.45%.
Analyst Upgrades and Downgrades
LEA has been the topic of several recent research reports. UBS Group lowered their price target on shares of Lear from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. StockNews.com raised shares of Lear from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. TD Cowen lowered their price target on shares of Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Morgan Stanley lowered their price target on shares of Lear from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Finally, Barclays lowered their price target on shares of Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $127.00.
Read Our Latest Report on Lear
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.
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