Impact Partnership Wealth LLC Buys 402 Shares of Lear Co. (NYSE:LEA)

Impact Partnership Wealth LLC lifted its position in Lear Co. (NYSE:LEA) by 16.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,784 shares of the auto parts company’s stock after purchasing an additional 402 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Lear were worth $264,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Lear by 70.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 110 shares in the last quarter. Nisa Investment Advisors LLC raised 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 purchasing an additional 187 shares in the last quarter. Blue Trust Inc. lifted its position in Lear by 240.4% during the third quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock valued at $35,000 after purchasing an additional 214 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Lear in the 3rd quarter worth $34,000. Finally, Signaturefd LLC increased its holdings in shares of Lear by 71.6% in the 3rd 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. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LEA has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Lear from $162.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, October 21st. TD Cowen cut their target price on Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company lowered their target price on shares of Lear from $106.00 to $99.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. Finally, Barclays cut their price target on shares of Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $133.73.

Lear Stock Performance

Shares of Lear stock opened at $96.25 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. Lear Co. has a 12 month low of $90.03 and a 12 month high of $147.11. The stock’s fifty day moving average price is $95.94 and its 200-day moving average price is $104.71. The firm has a market cap of $5.23 billion, a P/E ratio of 10.12, a P/E/G ratio of 0.49 and a beta of 1.43.

Lear (NYSE:LEA) last announced its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.32. The firm had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.52 billion. Lear had a net margin of 2.33% and a return on equity of 14.68%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.87 EPS. On average, equities research analysts expect that Lear Co. will post 12.02 earnings per share for the current fiscal year.

Lear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th were issued 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 3.20%. Lear’s dividend payout ratio is presently 32.39%.

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.