Lear Co. (NYSE:LEA) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC decreased its stake in shares of Lear Co. (NYSE:LEA) by 85.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204 shares of the auto parts company’s stock after selling 1,183 shares during the quarter. Lindbrook Capital LLC’s holdings in Lear were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LEA. Invesco Ltd. increased its stake in Lear by 236.2% during the 3rd quarter. Invesco Ltd. now owns 577,690 shares of the auto parts company’s stock valued at $77,526,000 after purchasing an additional 405,875 shares in the last quarter. FMR LLC increased its stake in Lear by 17.9% during the 3rd quarter. FMR LLC now owns 1,896,871 shares of the auto parts company’s stock valued at $254,560,000 after purchasing an additional 287,483 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in Lear by 643.7% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 243,007 shares of the auto parts company’s stock valued at $32,612,000 after purchasing an additional 210,333 shares in the last quarter. Nordea Investment Management AB increased its stake in Lear by 20.1% during the 3rd quarter. Nordea Investment Management AB now owns 1,087,058 shares of the auto parts company’s stock valued at $146,057,000 after purchasing an additional 182,241 shares in the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of Lear in the third quarter worth $17,358,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Lear Stock Up 2.2 %

LEA stock opened at $136.45 on Friday. The firm has a market cap of $7.77 billion, a PE ratio of 14.10, a P/E/G ratio of 0.34 and a beta of 1.54. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.35. The firm’s fifty day moving average is $138.81 and its 200 day moving average is $135.86. Lear Co. has a one year low of $117.79 and a one year high of $157.90.

Lear (NYSE:LEA) last released its quarterly earnings results on Tuesday, February 6th. The auto parts company reported $3.03 EPS for the quarter, missing the consensus estimate of $3.12 by ($0.09). The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.69 billion. Lear had a net margin of 2.44% and a return on equity of 14.09%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.81 EPS. On average, research analysts forecast that Lear Co. will post 14.51 EPS for the current year.

Lear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Thursday, March 7th. Lear’s payout ratio is 31.82%.

Wall Street Analyst Weigh In

LEA has been the topic of a number of research reports. Morgan Stanley increased their price objective on shares of Lear from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. JPMorgan Chase & Co. increased their price objective on shares of Lear from $177.00 to $179.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Benchmark increased their price objective on shares of Lear from $188.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Wells Fargo & Company increased their price objective on shares of Lear from $130.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Finally, StockNews.com lowered shares of Lear from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Lear currently has a consensus rating of “Moderate Buy” and an average price target of $162.44.

Insider Buying and Selling at Lear

In other Lear news, CFO Jason M. Cardew sold 2,750 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $140.81, for a total transaction of $387,227.50. Following the transaction, the chief financial officer now directly owns 17,506 shares of the company’s stock, valued at $2,465,019.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Raymond E. Scott sold 10,652 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $132.86, for a total value of $1,415,224.72. Following the transaction, the chief executive officer now directly owns 13,627 shares of the company’s stock, valued at $1,810,483.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason M. Cardew sold 2,750 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $140.81, for a total transaction of $387,227.50. Following the completion of the transaction, the chief financial officer now directly owns 17,506 shares in the company, valued at $2,465,019.86. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

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.