Candriam Luxembourg S.C.A. reduced its position in shares of Lear Co. (NYSE:LEA) by 96.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,023 shares of the auto parts company’s stock after selling 59,759 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Lear were worth $221,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LEA. Wells Fargo & Company MN lifted its position in shares of Lear by 340.0% during the 1st quarter. Wells Fargo & Company MN now owns 1,066,923 shares of the auto parts company’s stock valued at $86,686,000 after acquiring an additional 824,450 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Lear by 15.2% during the 1st quarter. Pzena Investment Management LLC now owns 5,245,802 shares of the auto parts company’s stock valued at $426,221,000 after acquiring an additional 692,494 shares during the last quarter. APG Asset Management N.V. lifted its position in shares of Lear by 89.1% during the 1st quarter. APG Asset Management N.V. now owns 861,721 shares of the auto parts company’s stock valued at $104,149,000 after acquiring an additional 405,925 shares during the last quarter. Scout Investments Inc. lifted its position in shares of Lear by 64.0% during the 1st quarter. Scout Investments Inc. now owns 582,469 shares of the auto parts company’s stock valued at $47,326,000 after acquiring an additional 227,266 shares during the last quarter. Finally, Carillon Tower Advisers Inc. lifted its position in shares of Lear by 73.3% during the 1st quarter. Carillon Tower Advisers Inc. now owns 423,450 shares of the auto parts company’s stock valued at $34,405,000 after acquiring an additional 179,150 shares during the last quarter. Institutional investors own 93.98% of the company’s stock.

Shares of NYSE:LEA opened at $110.38 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.04 and a debt-to-equity ratio of 0.55. Lear Co. has a 1 year low of $63.20 and a 1 year high of $143.50. The business has a fifty day simple moving average of $110.34 and a 200 day simple moving average of $106.97. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 6.28 and a beta of 1.63.

Lear (NYSE:LEA) last announced its quarterly earnings data on Friday, May 8th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.72. Lear had a return on equity of 16.90% and a net margin of 3.15%. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the company earned $4.00 earnings per share. Lear’s quarterly revenue was down 13.6% compared to the same quarter last year. On average, sell-side analysts forecast that Lear Co. will post 2.74 EPS for the current year.

A number of brokerages have recently commented on LEA. Deutsche Bank increased their price objective on Lear from $104.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. KeyCorp increased their price objective on Lear from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Royal Bank of Canada restated a “buy” rating and issued a $137.00 target price on shares of Lear in a report on Sunday, May 10th. Barclays increased their target price on Lear from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Finally, ValuEngine upgraded Lear from a “sell” rating to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $112.00.

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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