Crossmark Global Holdings Inc. Has $232,000 Holdings in Lear Co. (NYSE:LEA)

Crossmark Global Holdings Inc. cut its holdings in Lear Co. (NYSE:LEA) by 35.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,452 shares of the auto parts company’s stock after selling 1,336 shares during the period. Crossmark Global Holdings Inc.’s holdings in Lear were worth $232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LEA. Brooklyn Investment Group acquired a new position in Lear during the third quarter worth $34,000. Blue Trust Inc. increased its holdings in Lear by 240.4% during the third quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock worth $35,000 after buying an additional 214 shares during the last quarter. Signaturefd LLC increased its holdings in Lear by 71.6% during the third quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock worth $36,000 after buying an additional 139 shares during the last quarter. UMB Bank n.a. increased its holdings in Lear by 233.3% during the fourth quarter. UMB Bank n.a. now owns 410 shares of the auto parts company’s stock worth $39,000 after buying an additional 287 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Lear during the third quarter worth $50,000. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Lear Trading Up 1.9 %

Shares of Lear stock opened at $98.12 on Tuesday. The firm has a 50-day moving average of $96.00 and a 200-day moving average of $104.43. The stock has a market cap of $5.33 billion, a PE ratio of 10.32, a PEG ratio of 0.49 and a beta of 1.43. Lear Co. has a 52-week low of $90.03 and a 52-week high of $147.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.33.

Lear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th were given a $0.77 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.14%. Lear’s payout ratio is presently 32.39%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Lear from $106.00 to $99.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Bank of America lowered their target price on shares of Lear from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, October 14th. StockNews.com upgraded shares of Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Morgan Stanley decreased their price objective on shares of Lear from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. Finally, TD Cowen decreased their price objective on shares of Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $132.18.

About Lear

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.