Lakewood Asset Management LLC Buys 126 Shares of Lear Co. (NYSE:LEA)

Lakewood Asset Management LLC increased its stake in Lear Co. (NYSE:LEA) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,957 shares of the auto parts company’s stock after purchasing an additional 126 shares during the quarter. Lakewood Asset Management LLC’s holdings in Lear were worth $943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in Lear by 70.5% in the second quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 110 shares during the period. Quarry LP lifted its stake in shares of Lear by 13.8% in the 3rd quarter. Quarry LP now owns 1,105 shares of the auto parts company’s stock worth $121,000 after purchasing an additional 134 shares during the period. Signaturefd LLC boosted its holdings in shares of Lear by 71.6% in the third quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock worth $36,000 after buying an additional 139 shares during the last quarter. Wellington Management Group LLP grew its position in Lear by 4.2% during the third quarter. Wellington Management Group LLP now owns 3,526 shares of the auto parts company’s stock valued at $385,000 after buying an additional 143 shares during the period. Finally, Systematic Financial Management LP increased its holdings in Lear by 1.0% during the second quarter. Systematic Financial Management LP now owns 16,339 shares of the auto parts company’s stock valued at $1,866,000 after buying an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Lear Stock Up 0.8 %

Shares of NYSE LEA opened at $94.29 on Thursday. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 0.47 and a beta of 1.43. Lear Co. has a 12-month low of $90.03 and a 12-month high of $147.11. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average price is $96.21 and its 200-day moving average price is $105.59.

Lear (NYSE:LEA) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.32. The business had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.52 billion. Lear had a return on equity of 14.68% and a net margin of 2.33%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the company earned $2.87 EPS. On average, equities research analysts anticipate that Lear Co. will post 12.01 EPS for the current fiscal year.

Lear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 11th were paid a dividend of $0.77 per share. The ex-dividend date was Wednesday, December 11th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.27%. Lear’s dividend payout ratio is presently 32.39%.

Wall Street Analyst Weigh In

LEA has been the subject of a number of recent research reports. StockNews.com raised shares of Lear from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Morgan Stanley reduced their price target on Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. The Goldman Sachs Group decreased their price objective on Lear from $144.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. JPMorgan Chase & Co. reduced their target price on shares of Lear from $162.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Finally, Bank of America reduced their price objective on shares of Lear from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Lear presently has an average rating of “Hold” and a consensus price target of $134.18.

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 in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.