EverSource Wealth Advisors LLC Purchases 561 Shares of Lear Co. (NYSE:LEA)

EverSource Wealth Advisors LLC boosted its position in Lear Co. (NYSE:LEA) by 247.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 788 shares of the auto parts company’s stock after acquiring an additional 561 shares during the period. EverSource Wealth Advisors LLC’s holdings in Lear were worth $75,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group boosted its holdings in Lear by 39.1% during the fourth quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company’s stock worth $40,000 after buying an additional 120 shares during the last quarter. Lakewood Asset Management LLC boosted its holdings in Lear by 1.3% during the fourth quarter. Lakewood Asset Management LLC now owns 9,957 shares of the auto parts company’s stock worth $943,000 after buying an additional 126 shares during the last quarter. Quarry LP boosted its holdings in Lear by 13.8% during the third quarter. Quarry LP now owns 1,105 shares of the auto parts company’s stock worth $121,000 after buying an additional 134 shares during the last quarter. Addison Advisors LLC boosted its holdings in Lear by 68.2% during the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock worth $32,000 after buying an additional 137 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings 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 worth $385,000 after buying an additional 143 shares during the last quarter. Institutional investors own 97.04% of the company’s stock.

Lear Stock Up 0.8 %

Shares of Lear stock opened at $96.35 on Wednesday. The business’s 50 day simple moving average is $95.23 and its 200 day simple moving average is $99.22. Lear Co. has a 52-week low of $86.28 and a 52-week high of $147.11. The firm has a market cap of $5.17 billion, a PE ratio of 10.78, a P/E/G ratio of 0.49 and a beta of 1.44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.32.

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

Lear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, March 6th. Lear’s dividend payout ratio (DPR) is 34.45%.

Insiders Place Their Bets

In related news, Director Rod Lache purchased 2,178 shares of the stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $91.80 per share, with a total value of $199,940.40. Following the transaction, the director now directly owns 2,178 shares of the company’s stock, valued at $199,940.40. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

LEA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Lear from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Morgan Stanley reduced their target price on Lear from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Evercore ISI cut their price objective on Lear from $125.00 to $110.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Cowen cut Lear from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Finally, StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $123.36.

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.