Creative Planning Has $546,000 Position in Lear Corporation (NYSE:LEA)
Creative Planning raised its position in Lear Corporation (NYSE:LEA) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,846 shares of the auto parts company’s stock after buying an additional 167 shares during the period. Creative Planning’s holdings in Lear Corporation were worth $546,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Baystate Wealth Management LLC boosted its position in Lear Corporation by 0.9% in the first quarter. Baystate Wealth Management LLC now owns 1,095 shares of the auto parts company’s stock worth $145,000 after buying an additional 10 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of Lear Corporation by 1.1% in the first quarter. CENTRAL TRUST Co now owns 2,327 shares of the auto parts company’s stock valued at $329,000 after buying an additional 25 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Lear Corporation by 1.8% in the first quarter. IFP Advisors Inc now owns 1,393 shares of the auto parts company’s stock valued at $197,000 after buying an additional 25 shares in the last quarter. Strs Ohio boosted its stake in shares of Lear Corporation by 0.6% in the first quarter. Strs Ohio now owns 4,839 shares of the auto parts company’s stock valued at $685,000 after buying an additional 30 shares in the last quarter. Finally, TD Asset Management Inc. boosted its stake in shares of Lear Corporation by 1.0% in the first quarter. TD Asset Management Inc. now owns 4,225 shares of the auto parts company’s stock valued at $598,000 after buying an additional 40 shares in the last quarter. Institutional investors own 97.57% of the company’s stock.
Lear Corporation (NYSE:LEA) traded up 1.05% on Monday, reaching $147.52. The company’s stock had a trading volume of 403,423 shares. Lear Corporation has a 12 month low of $108.29 and a 12 month high of $153.28. The firm has a 50 day moving average of $144.38 and a 200 day moving average of $142.72. The firm has a market cap of $10.04 billion, a price-to-earnings ratio of 9.83 and a beta of 1.32.
Lear Corporation (NYSE:LEA) last issued its earnings results on Wednesday, July 26th. The auto parts company reported $4.39 EPS for the quarter, beating the consensus estimate of $4.11 by $0.28. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period last year, the business posted $3.66 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. Analysts anticipate that Lear Corporation will post $16.49 earnings per share for the current year.
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A number of brokerages have recently commented on LEA. Morgan Stanley lowered Lear Corporation from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $149.00 to $142.00 in a research report on Thursday, June 8th. Zacks Investment Research lowered Lear Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Barclays PLC reaffirmed an “equal weight” rating and set a $134.00 price target (down previously from $138.00) on shares of Lear Corporation in a research report on Saturday, April 22nd. BidaskClub downgraded Lear Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Guggenheim assumed coverage on Lear Corporation in a research report on Wednesday, June 21st. They set a “buy” rating and a $167.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Lear Corporation presently has an average rating of “Hold” and a consensus target price of $148.64.
In other Lear Corporation news, Director Greg C. Smith sold 2,266 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $145.12, for a total transaction of $328,841.92. Following the sale, the director now directly owns 13,885 shares in the company, valued at approximately $2,014,991.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.49% of the company’s stock.
About Lear Corporation
Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.
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