Lear Co. (NYSE:LEA) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its stake in Lear Co. (NYSE:LEA) by 12.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,301 shares of the auto parts company’s stock after purchasing an additional 249 shares during the period. Sanctuary Advisors LLC’s holdings in Lear were worth $223,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LEA. Brooklyn Investment Group grew its position in Lear by 39.1% in 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 increased its position in shares of Lear by 1.3% during the 4th quarter. Lakewood Asset Management LLC now owns 9,957 shares of the auto parts company’s stock valued at $943,000 after purchasing an additional 126 shares during the period. Quarry LP raised its stake in shares of Lear by 13.8% in the 3rd quarter. Quarry LP now owns 1,105 shares of the auto parts company’s stock worth $121,000 after buying an additional 134 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Lear by 4.2% in the third quarter. Wellington Management Group LLP now owns 3,526 shares of the auto parts company’s stock valued at $385,000 after buying an additional 143 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Lear by 187.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock valued at $27,000 after buying an additional 187 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on Lear from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. UBS Group reduced their target price on Lear from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Morgan Stanley decreased their target price on Lear from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday. StockNews.com raised Lear from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Finally, Barclays decreased their price objective on Lear from $120.00 to $115.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Seven 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, Lear presently has a consensus rating of “Hold” and an average target price of $126.09.

Lear Price Performance

Shares of NYSE LEA opened at $93.96 on Thursday. Lear Co. has a twelve month low of $86.28 and a twelve month high of $147.11. The business’s 50 day moving average price is $94.90 and its two-hundred day moving average price is $100.57. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. The company has a market cap of $5.04 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 0.49 and a beta of 1.44.

Lear (NYSE:LEA) last issued its quarterly earnings results 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 return on equity of 14.70% and a net margin of 2.17%. On average, analysts predict that Lear Co. will post 12.89 EPS for the current year.

Lear Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, March 6th. Lear’s payout ratio is currently 34.45%.

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.