Comerica Securities Inc. raised its holdings in Lear Corporation (NYSE:LEA) by 9.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,840 shares of the auto parts company’s stock after buying an additional 433 shares during the period. Comerica Securities Inc.’s holdings in Lear Corporation were worth $688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LEA. Strs Ohio lifted its stake in shares of Lear Corporation by 0.6% in the first quarter. Strs Ohio now owns 4,839 shares of the auto parts company’s stock valued at $685,000 after buying an additional 30 shares in the last quarter. Comerica Bank lifted its stake in shares of Lear Corporation by 5.4% in the first quarter. Comerica Bank now owns 10,262 shares of the auto parts company’s stock valued at $1,463,000 after buying an additional 522 shares in the last quarter. World Asset Management Inc lifted its stake in shares of Lear Corporation by 15.7% in the first quarter. World Asset Management Inc now owns 3,619 shares of the auto parts company’s stock valued at $512,000 after buying an additional 492 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Lear Corporation by 9.6% in the first quarter. UBS Asset Management Americas Inc. now owns 557,862 shares of the auto parts company’s stock valued at $78,982,000 after buying an additional 48,649 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Lear Corporation by 3.4% in the first quarter. Gamco Investors INC. ET AL now owns 9,200 shares of the auto parts company’s stock valued at $1,303,000 after buying an additional 300 shares in the last quarter. 94.33% of the stock is currently owned by hedge funds and other institutional investors.

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Lear Corporation (NYSE LEA) traded up 2.24% during mid-day trading on Friday, reaching $167.17. 1,340,354 shares of the company were exchanged. The stock has a 50-day moving average price of $148.17 and a 200 day moving average price of $144.07. Lear Corporation has a one year low of $110.77 and a one year high of $167.67. The company has a market capitalization of $11.38 billion, a PE ratio of 11.14 and a beta of 1.31.

Lear Corporation (NYSE:LEA) last announced its quarterly earnings results on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.11 by $0.28. The company had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Lear Corporation had a net margin of 5.51% and a return on equity of 32.34%. Lear Corporation’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.66 EPS. Analysts predict that Lear Corporation will post $16.53 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, August 29th. Lear Corporation’s payout ratio is 13.28%.

A number of research analysts recently weighed in on LEA shares. BidaskClub lowered shares of Lear Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine lowered shares of Lear Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Royal Bank Of Canada reissued a “hold” rating and set a $157.00 price target on shares of Lear Corporation in a research report on Wednesday, July 12th. Morgan Stanley lowered shares of Lear Corporation from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $149.00 to $142.00 in a research report on Thursday, June 8th. Finally, Zacks Investment Research raised shares of Lear Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $150.18.

Lear Corporation Company Profile

Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.

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Institutional Ownership by Quarter for Lear Corporation (NYSE:LEA)

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