Russell Investments Group Ltd. decreased its stake in Lear Co. (NYSE:LEA) by 25.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 127,475 shares of the auto parts company’s stock after selling 44,172 shares during the quarter. Russell Investments Group Ltd.’s holdings in Lear were worth $15,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in LEA. Pensionfund DSM Netherlands acquired a new stake in Lear in the 2nd quarter valued at approximately $2,507,000. Pensionfund Sabic bought a new stake in shares of Lear in the 2nd quarter valued at about $1,671,000. Denali Advisors LLC boosted its position in shares of Lear by 26.7% during the 2nd quarter. Denali Advisors LLC now owns 58,300 shares of the auto parts company’s stock valued at $8,119,000 after purchasing an additional 12,300 shares in the last quarter. Empirical Finance LLC boosted its position in shares of Lear by 0.9% during the 2nd quarter. Empirical Finance LLC now owns 16,172 shares of the auto parts company’s stock valued at $2,252,000 after purchasing an additional 141 shares in the last quarter. Finally, Scout Investments Inc. raised its stake in Lear by 470.8% during the 2nd quarter. Scout Investments Inc. now owns 174,487 shares of the auto parts company’s stock worth $24,301,000 after buying an additional 143,917 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on LEA shares. Royal Bank of Canada lowered Lear from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $160.00 to $135.00 in a report on Wednesday, July 17th. Barclays decreased their price target on shares of Lear from $117.00 to $107.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Guggenheim started coverage on Lear in a research note on Tuesday, October 15th. They issued a “neutral” rating on the stock. Buckingham Research reduced their target price on Lear from $140.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 16th. Finally, UBS Group lowered shares of Lear from a “buy” rating to a “neutral” rating and cut their price target for the company from $158.00 to $135.00 in a research report on Thursday, September 12th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Lear presently has an average rating of “Hold” and a consensus price target of $151.07.

LEA stock traded down $0.09 on Tuesday, hitting $127.53. The company had a trading volume of 5,403 shares, compared to its average volume of 552,700. Lear Co. has a 12-month low of $105.10 and a 12-month high of $160.00. The company has a current ratio of 1.35, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. The stock’s 50-day simple moving average is $119.14 and its 200 day simple moving average is $126.02. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 7.01, a P/E/G ratio of 3.80 and a beta of 1.46.

Lear (NYSE:LEA) last issued its earnings results on Friday, October 25th. The auto parts company reported $3.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.14 by $0.40. The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.76 billion. Lear had a net margin of 4.21% and a return on equity of 22.07%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $4.09 earnings per share. Research analysts forecast that Lear Co. will post 13.61 earnings per share for the current year.

Lear Profile

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers worldwide. It operates in two segments, Seating and E-Systems. The Seating segment offers leather and fabric products, seat trim covers, recliner mechanisms, seat tracks and foams, seat structures and mechanisms, and headrests for automobiles and light trucks, compact cars, and sport utility vehicles; and heating and cooling systems.

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Institutional Ownership by Quarter for Lear (NYSE:LEA)

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