US Bancorp DE decreased its position in shares of Lear Co. (NYSE:LEA) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,744 shares of the auto parts company’s stock after selling 1,028 shares during the quarter. US Bancorp DE’s holdings in Lear were worth $1,848,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atria Investments LLC lifted its position in shares of Lear by 40.2% during the 2nd quarter. Atria Investments LLC now owns 3,732 shares of the auto parts company’s stock valued at $693,000 after acquiring an additional 1,070 shares during the period. Boston Advisors LLC lifted its position in shares of Lear by 4.4% during the 2nd quarter. Boston Advisors LLC now owns 13,910 shares of the auto parts company’s stock valued at $2,585,000 after acquiring an additional 580 shares during the period. Prospera Financial Services Inc acquired a new stake in shares of Lear during the 2nd quarter valued at approximately $271,000. Nisa Investment Advisors LLC acquired a new stake in shares of Lear during the 2nd quarter valued at approximately $892,000. Finally, Hartford Investment Management Co. acquired a new stake in shares of Lear during the 2nd quarter valued at approximately $589,000. 88.94% of the stock is owned by institutional investors and hedge funds.

Shares of Lear stock opened at $134.72 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 1.11. Lear Co. has a 1 year low of $128.05 and a 1 year high of $206.36. The company has a market cap of $8.65 billion, a P/E ratio of 7.92 and a beta of 1.31.

Lear (NYSE:LEA) last issued its quarterly earnings data on Thursday, October 25th. The auto parts company reported $4.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.15 by ($0.06). Lear had a return on equity of 28.11% and a net margin of 6.14%. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.95 billion. On average, analysts forecast that Lear Co. will post 18.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Friday, December 7th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $2.80 annualized dividend and a dividend yield of 2.08%. Lear’s dividend payout ratio is currently 16.47%.

A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of Lear from $234.00 to $214.00 and set a “buy” rating for the company in a research report on Friday, October 12th. JPMorgan Chase & Co. reduced their price target on shares of Lear from $209.00 to $198.00 and set a “neutral” rating for the company in a research report on Friday, July 27th. Morgan Stanley reduced their price target on shares of Lear from $214.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. Barclays reiterated a “hold” rating and set a $170.00 price target on shares of Lear in a research report on Wednesday, October 17th. Finally, ValuEngine downgraded shares of Lear from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $201.60.

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Lear 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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