Eaton Vance Management Has $1,058,000 Holdings in Lear Corporation (LEA)
Eaton Vance Management held its position in shares of Lear Corporation (NYSE:LEA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,450 shares of the auto parts company’s stock at the end of the 2nd quarter. Eaton Vance Management’s holdings in Lear Corporation were worth $1,058,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Toronto Dominion Bank boosted its holdings in shares of Lear Corporation by 23.9% in the 1st quarter. Toronto Dominion Bank now owns 768 shares of the auto parts company’s stock valued at $109,000 after acquiring an additional 148 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Lear Corporation by 6.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 831 shares of the auto parts company’s stock valued at $118,000 after purchasing an additional 48 shares during the period. Global X Management Co. LLC lifted its stake in shares of Lear Corporation by 30.3% in the 1st quarter. Global X Management Co. LLC now owns 878 shares of the auto parts company’s stock valued at $124,000 after purchasing an additional 204 shares during the period. Van ECK Associates Corp lifted its stake in shares of Lear Corporation by 5.4% in the 1st quarter. Van ECK Associates Corp now owns 991 shares of the auto parts company’s stock valued at $140,000 after purchasing an additional 51 shares during the period. Finally, Private Advisor Group LLC acquired a new position in shares of Lear Corporation in the 1st quarter valued at $149,000. 94.30% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently issued reports on LEA. KeyCorp reiterated a “buy” rating and issued a $180.00 target price on shares of Lear Corporation in a research note on Sunday, September 17th. Robert W. Baird reiterated a “buy” rating and issued a $178.00 target price on shares of Lear Corporation in a research note on Friday, September 1st. BidaskClub upgraded shares of Lear Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Barclays PLC boosted their target price on shares of Lear Corporation from $146.00 to $152.00 and gave the company an “equal weight” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research upgraded shares of Lear Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $152.67.
Lear Corporation (NYSE LEA) opened at 170.34 on Friday. The firm’s 50-day moving average is $149.19 and its 200-day moving average is $144.41. Lear Corporation has a 52-week low of $110.77 and a 52-week high of $171.30. The firm has a market capitalization of $11.59 billion, a PE ratio of 11.35 and a beta of 1.31.
Lear Corporation (NYSE:LEA) last issued its earnings results on Wednesday, July 26th. The auto parts company reported $4.39 EPS for the quarter, topping the consensus estimate of $4.11 by $0.28. The company had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.89 billion. Lear Corporation had a net margin of 5.51% and a return on equity of 32.34%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.66 EPS. On average, analysts anticipate that Lear Corporation will post $16.53 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.17%. Lear Corporation’s payout ratio is currently 13.28%.
In other Lear Corporation news, Director Henry D. G. Wallace sold 4,139 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $166.71, for a total transaction of $690,012.69. Following the sale, the director now directly owns 4,100 shares in the company, valued at approximately $683,511. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by insiders.
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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