Access Investment Management LLC Decreases Stock Holdings in Lear Co. (NYSE:LEA)

Access Investment Management LLC reduced its holdings in shares of Lear Co. (NYSE:LEA) by 82.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,000 shares of the auto parts company’s stock after selling 24,000 shares during the quarter. Access Investment Management LLC’s holdings in Lear were worth $474,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LEA. Nisa Investment Advisors LLC increased its stake in Lear by 187.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock worth $27,000 after buying an additional 187 shares during the period. Brooklyn Investment Group acquired a new position in Lear during the 3rd quarter worth $34,000. Blue Trust Inc. grew its holdings in Lear by 240.4% during the 3rd quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock worth $35,000 after acquiring an additional 214 shares in the last quarter. Signaturefd LLC grew its holdings in Lear by 71.6% during the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 139 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Lear by 233.3% during the 4th quarter. UMB Bank n.a. now owns 410 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 287 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LEA. Barclays decreased their price objective on shares of Lear from $120.00 to $115.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. UBS Group decreased their price target on shares of 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 price target on shares of Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. StockNews.com raised shares of Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lear from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Seven equities research 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, the company presently has a consensus rating of “Hold” and a consensus price target of $127.00.

Lear Trading Down 1.2 %

Lear stock opened at $96.43 on Friday. Lear Co. has a 52-week low of $86.28 and a 52-week high of $147.11. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 0.49 and a beta of 1.42. The firm has a 50-day moving average price of $94.87 and a two-hundred day moving average price of $101.45. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59.

Lear (NYSE:LEA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.44. Lear had a net margin of 2.17% and a return on equity of 14.70%. Sell-side analysts expect that Lear Co. will post 12.89 earnings per share for the current year.

Lear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th will be given 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 dividend yield of 3.19%. Lear’s dividend payout ratio (DPR) is 34.45%.

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.