Rational Advisors LLC Buys Shares of 3,400 Lear Corporation (NYSE:LEA)
Rational Advisors LLC bought a new position in shares of Lear Corporation (NYSE:LEA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,400 shares of the auto parts company’s stock, valued at approximately $483,000.
Several other hedge funds have also made changes to their positions in the stock. Glen Harbor Capital Management LLC raised its stake in shares of Lear Corporation by 16.8% in the first quarter. Glen Harbor Capital Management LLC now owns 39,314 shares of the auto parts company’s stock worth $5,566,000 after buying an additional 5,654 shares during the period. Northpointe Capital LLC raised its stake in shares of Lear Corporation by 3.4% in the first quarter. Northpointe Capital LLC now owns 16,736 shares of the auto parts company’s stock worth $2,369,000 after buying an additional 543 shares during the period. Acadian Asset Management LLC raised its stake in shares of Lear Corporation by 1,528.3% in the first quarter. Acadian Asset Management LLC now owns 49,143 shares of the auto parts company’s stock worth $6,958,000 after buying an additional 46,125 shares during the period. V Wealth Management LLC raised its stake in shares of Lear Corporation by 4.1% in the first quarter. V Wealth Management LLC now owns 17,091 shares of the auto parts company’s stock worth $2,425,000 after buying an additional 679 shares during the period. Finally, James Investment Research Inc. acquired a new stake in shares of Lear Corporation during the first quarter worth $441,000. Institutional investors own 96.59% of the company’s stock.
Shares of Lear Corporation (LEA) opened at 142.74 on Monday. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 9.51 and a beta of 1.32. Lear Corporation has a 52-week low of $110.77 and a 52-week high of $153.28. The stock’s 50 day moving average price is $145.26 and its 200-day moving average price is $142.88.
Lear Corporation (NYSE:LEA) last issued its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $4.39 EPS for the quarter, topping the consensus estimate of $4.11 by $0.28. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.89 billion. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.66 earnings per share. On average, analysts forecast that Lear Corporation will post $16.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Tuesday, August 29th. Lear Corporation’s dividend payout ratio (DPR) is presently 13.28%.
ILLEGAL ACTIVITY WARNING: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/08/14/rational-advisors-llc-buys-shares-of-3400-lear-corporation-nyselea.html.
Several equities analysts recently issued reports on LEA shares. Morgan Stanley cut Lear Corporation from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $149.00 to $142.00 in a report on Thursday, June 8th. Barclays PLC raised their price target on Lear Corporation from $146.00 to $152.00 and gave the company an “equal weight” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Lear Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub upgraded Lear Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $157.00 price target on shares of Lear Corporation in a report on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Lear Corporation has an average rating of “Hold” and an average target price of $148.64.
In other news, Director Greg C. Smith sold 2,266 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $145.12, for a total value of $328,841.92. Following the completion of the sale, the director now directly owns 13,885 shares of the company’s stock, valued at $2,014,991.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate 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.
Want to see what other hedge funds are holding LEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lear Corporation (NYSE:LEA).
Receive News & Stock Ratings for Lear Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear Corporation and related stocks with our FREE daily email newsletter.