Gallacher Capital Management LLC Sells 372 Shares of Lear Co. (NYSE:LEA)

Gallacher Capital Management LLC reduced its position in shares of Lear Co. (NYSE:LEA) by 7.0% in the fourth quarter, Holdings Channel reports. The firm owned 4,943 shares of the auto parts company’s stock after selling 372 shares during the quarter. Gallacher Capital Management LLC’s holdings in Lear were worth $468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LEA. Janney Montgomery Scott LLC increased its position in shares of Lear by 30.7% during the third quarter. Janney Montgomery Scott LLC now owns 9,385 shares of the auto parts company’s stock valued at $1,024,000 after acquiring an additional 2,207 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Lear by 73.2% in the 3rd quarter. Assetmark Inc. now owns 8,701 shares of the auto parts company’s stock worth $950,000 after purchasing an additional 3,678 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Lear by 16.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,788 shares of the auto parts company’s stock worth $413,000 after purchasing an additional 547 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Lear by 7.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,928 shares of the auto parts company’s stock worth $1,848,000 after buying an additional 1,135 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Lear by 39.9% in the 3rd quarter. Victory Capital Management Inc. now owns 21,221 shares of the auto parts company’s stock worth $2,316,000 after buying an additional 6,055 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

Lear Stock Performance

LEA opened at $94.56 on Friday. The company has a 50 day simple moving average of $95.17 and a two-hundred day simple moving average of $99.62. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.02. The firm has a market cap of $5.07 billion, a P/E ratio of 10.58, a PEG ratio of 0.49 and a beta of 1.44. Lear Co. has a 1-year low of $86.28 and a 1-year high of $147.11.

Lear (NYSE:LEA) last released its earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. Equities analysts forecast that Lear Co. will post 12.89 earnings per share for the current fiscal year.

Lear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 6th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Thursday, March 6th. Lear’s dividend payout ratio (DPR) is presently 34.45%.

Analyst Ratings Changes

Several research firms recently commented on LEA. Cowen downgraded Lear from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price target on shares of Lear from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Evercore ISI cut their target price on shares of Lear from $125.00 to $110.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company lifted their target price on shares of Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, StockNews.com raised Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $123.36.

Insider Transactions at Lear

In related news, Director Rod Lache purchased 2,178 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $91.80 per share, for a total transaction of $199,940.40. Following the purchase, the director now directly owns 2,178 shares in the company, valued at $199,940.40. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.79% of the company’s stock.

Lear Company 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.