Amalgamated Bank raised its stake in shares of Lear Corporation (NYSE:LEA) by 25.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,171 shares of the auto parts company’s stock after purchasing an additional 2,688 shares during the quarter. Amalgamated Bank’s holdings in Lear Corporation were worth $1,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. State of Alaska Department of Revenue lifted its position in Lear Corporation by 1.3% during the second quarter. State of Alaska Department of Revenue now owns 1,574 shares of the auto parts company’s stock valued at $223,000 after purchasing an additional 20 shares during the last quarter. Strs Ohio lifted its position in Lear Corporation by 0.6% during the first quarter. Strs Ohio now owns 4,839 shares of the auto parts company’s stock valued at $685,000 after purchasing an additional 30 shares during the last quarter. TD Asset Management Inc. lifted its position in Lear Corporation by 1.0% during the first quarter. TD Asset Management Inc. now owns 4,225 shares of the auto parts company’s stock valued at $598,000 after purchasing an additional 40 shares during the last quarter. CIBC World Markets Inc. lifted its position in Lear Corporation by 0.3% during the second quarter. CIBC World Markets Inc. now owns 12,656 shares of the auto parts company’s stock valued at $1,798,000 after purchasing an additional 40 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Lear Corporation by 3.9% during the second quarter. Parallel Advisors LLC now owns 1,117 shares of the auto parts company’s stock valued at $166,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

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Lear Corporation (LEA) opened at 166.62 on Tuesday. The company has a 50 day moving average of $148.67 and a 200 day moving average of $144.26. The stock has a market capitalization of $11.34 billion, a P/E ratio of 11.10 and a beta of 1.31. Lear Corporation has a 52 week low of $110.77 and a 52 week high of $167.95.

Lear Corporation (NYSE:LEA) last issued its quarterly earnings results on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $0.28. The company 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%. Lear Corporation’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $3.66 earnings per share. Equities analysts expect that Lear Corporation will post $16.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.20%. Lear Corporation’s dividend payout ratio is presently 13.28%.

A number of brokerages have recently weighed in on LEA. Morgan Stanley lowered shares of Lear Corporation from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $149.00 to $142.00 in a report on Thursday, June 8th. Robert W. Baird restated a “buy” rating and issued a $178.00 price objective on shares of Lear Corporation in a report on Friday, September 1st. Barclays PLC boosted their price objective on shares of Lear Corporation from $146.00 to $152.00 and gave the stock an “equal weight” rating in a report on Thursday, July 27th. ValuEngine lowered shares of Lear Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Finally, BidaskClub upgraded shares of Lear Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $152.67.

Lear Corporation Profile

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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Institutional Ownership by Quarter for Lear Corporation (NYSE:LEA)

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