Nomura Holdings Inc. increased its position in Lear Co. (NYSE:LEA) by 391.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 179,482 shares of the auto parts company’s stock after acquiring an additional 241,015 shares during the period. Nomura Holdings Inc. owned about 0.27% of Lear worth $33,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in Lear by 9.0% during the 1st quarter. Wells Fargo & Company MN now owns 625,917 shares of the auto parts company’s stock valued at $116,478,000 after buying an additional 51,811 shares during the last quarter. Comerica Bank raised its stake in Lear by 4.2% during the 1st quarter. Comerica Bank now owns 10,662 shares of the auto parts company’s stock valued at $2,055,000 after buying an additional 432 shares during the last quarter. Aperio Group LLC raised its stake in Lear by 3.9% during the 1st quarter. Aperio Group LLC now owns 31,753 shares of the auto parts company’s stock valued at $5,909,000 after buying an additional 1,205 shares during the last quarter. US Bancorp DE raised its stake in Lear by 2.8% during the 1st quarter. US Bancorp DE now owns 14,307 shares of the auto parts company’s stock valued at $2,662,000 after buying an additional 386 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Lear by 73.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,815 shares of the auto parts company’s stock valued at $2,385,000 after buying an additional 5,425 shares during the last quarter. Institutional investors own 91.26% of the company’s stock.

Shares of LEA stock opened at $157.10 on Tuesday. Lear Co. has a 1 year low of $156.78 and a 1 year high of $206.36. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.44. The firm has a market cap of $10.59 billion, a PE ratio of 9.24 and a beta of 1.34.

Lear (NYSE:LEA) last issued its quarterly earnings data on Thursday, July 26th. The auto parts company reported $4.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.04). Lear had a net margin of 6.31% and a return on equity of 28.84%. The business had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the previous year, the firm earned $4.39 EPS. The company’s revenue was up 8.9% on a year-over-year basis. sell-side analysts forecast that Lear Co. will post 19.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Thursday, August 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, August 29th. Lear’s payout ratio is 16.47%.

A number of equities research analysts have weighed in on LEA shares. Citigroup decreased their target price on shares of Lear from $243.00 to $234.00 and set a “buy” rating for the company in a research note on Monday, July 30th. Robert W. Baird reiterated a “buy” rating and set a $243.00 target price on shares of Lear in a research note on Friday, July 27th. Longbow Research reiterated a “buy” rating and set a $225.00 target price on shares of Lear in a research note on Thursday, July 26th. ValuEngine lowered shares of Lear from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Finally, Zacks Investment Research lowered shares of Lear from a “buy” rating to a “hold” rating in a research note on Saturday, May 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $205.67.

Lear Company Profile

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components primarily to automotive original equipment manufacturers worldwide. The company operates through Seating and E-Systems segments. The Seating segment includes seat systems and related components, such as leather and fabric products, seat trim covers, recliner mechanisms, seat tracks, seat structures and mechanisms, seat foams, and headrests primarily for automobiles and light trucks, compact cars, and sport utility vehicles, as well as thermoelectric seat heating and cooling systems.

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Institutional Ownership by Quarter for Lear (NYSE:LEA)

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