Capital Analysts LLC Sells 576 Shares of Lear Corporation (LEA)
Capital Analysts LLC lowered its holdings in Lear Corporation (NYSE:LEA) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,143 shares of the auto parts company’s stock after selling 576 shares during the period. Capital Analysts LLC’s holdings in Lear Corporation were worth $3,140,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in LEA. Balyasny Asset Management LLC increased its position in shares of Lear Corporation by 7,465.0% in the second quarter. Balyasny Asset Management LLC now owns 716,175 shares of the auto parts company’s stock worth $101,754,000 after acquiring an additional 706,708 shares in the last quarter. Boston Partners increased its position in shares of Lear Corporation by 138.6% in the third quarter. Boston Partners now owns 1,169,464 shares of the auto parts company’s stock worth $202,411,000 after acquiring an additional 679,345 shares in the last quarter. Koch Industries Inc. acquired a new stake in shares of Lear Corporation in the second quarter worth $485,000. Ardevora Asset Management LLP acquired a new stake in shares of Lear Corporation in the second quarter worth $34,540,000. Finally, Harbour Capital Advisors LLC increased its position in shares of Lear Corporation by 14,108.0% in the second quarter. Harbour Capital Advisors LLC now owns 223,776 shares of the auto parts company’s stock worth $1,575,000 after acquiring an additional 222,201 shares in the last quarter. 94.44% of the stock is owned by institutional investors.
Shares of Lear Corporation (LEA) traded up $0.90 during mid-day trading on Monday, reaching $175.43. 393,600 shares of the company’s stock traded hands, compared to its average volume of 682,939. The firm has a market cap of $11,800.00, a price-to-earnings ratio of 10.68, a P/E/G ratio of 1.46 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 1.34. Lear Corporation has a 52 week low of $117.53 and a 52 week high of $178.80.
Lear Corporation (NYSE:LEA) last announced its quarterly earnings data on Wednesday, October 25th. The auto parts company reported $3.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.80 by $0.16. The company had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.84 billion. Lear Corporation had a net margin of 5.79% and a return on equity of 31.79%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the business earned $3.19 EPS. equities research analysts predict that Lear Corporation will post 16.84 earnings per share for the current fiscal year.
In other news, Director Jonathan F. Foster sold 2,854 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $173.39, for a total value of $494,855.06. Following the transaction, the director now directly owns 7,761 shares in the company, valued at approximately $1,345,679.79. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Henry D. G. Wallace sold 4,139 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $166.71, for a total transaction of $690,012.69. Following the completion of the transaction, the director now owns 4,100 shares in the company, valued at $683,511. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,404 shares of company stock valued at $1,601,681. 0.49% of the stock is owned by company insiders.
A number of equities research analysts recently weighed in on the stock. Guggenheim lowered shares of Lear Corporation from a “buy” rating to a “neutral” rating and set a $167.00 price target for the company. in a report on Thursday, October 26th. Barclays PLC set a $171.00 price target on shares of Lear Corporation and gave the company a “hold” rating in a report on Friday, October 20th. UBS AG lowered shares of Lear Corporation from a “buy” rating to a “neutral” rating and raised their price target for the company from $158.00 to $182.00 in a report on Tuesday, October 3rd. Jefferies Group LLC assumed coverage on shares of Lear Corporation in a report on Thursday, September 28th. They set a “buy” rating and a $197.00 price target for the company. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $178.00 price target on shares of Lear Corporation in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $173.13.
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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