First Mercantile Trust Co. boosted its holdings in shares of Lear Co. (NYSE:LEA) by 16.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,194 shares of the auto parts company’s stock after purchasing an additional 448 shares during the quarter. First Mercantile Trust Co.’s holdings in Lear were worth $392,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Daiwa SB Investments Ltd. grew its position in shares of Lear by 7.8% in the 4th quarter. Daiwa SB Investments Ltd. now owns 1,250 shares of the auto parts company’s stock worth $154,000 after acquiring an additional 90 shares in the last quarter. Lenox Wealth Management Inc. grew its position in shares of Lear by 4.4% in the 4th quarter. Lenox Wealth Management Inc. now owns 4,327 shares of the auto parts company’s stock worth $532,000 after acquiring an additional 182 shares in the last quarter. IMS Capital Management acquired a new position in shares of Lear in the 3rd quarter worth approximately $38,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Lear in the 4th quarter worth approximately $32,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Lear by 18.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,091 shares of the auto parts company’s stock worth $257,000 after acquiring an additional 331 shares in the last quarter. Institutional investors own 89.62% of the company’s stock.

In related news, Director Richard Harold Bott sold 789 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $135.13, for a total transaction of $106,617.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.43% of the company’s stock.

Several research analysts have recently commented on LEA shares. ValuEngine upgraded Lear from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Zacks Investment Research upgraded Lear from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Tuesday. Barclays set a $140.00 target price on Lear and gave the stock a “hold” rating in a research report on Friday, January 4th. Robert W. Baird lifted their target price on Lear from $140.00 to $158.00 and gave the stock an “outperform” rating in a research report on Monday, January 28th. They noted that the move was a valuation call. Finally, KeyCorp lifted their target price on Lear from $178.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, January 28th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $181.87.

NYSE:LEA opened at $155.01 on Thursday. Lear Co. has a 12-month low of $114.45 and a 12-month high of $206.36. The company has a market cap of $9.91 billion, a P/E ratio of 8.51, a P/E/G ratio of 3.46 and a beta of 1.40. The company has a quick ratio of 1.11, a current ratio of 1.37 and a debt-to-equity ratio of 0.44.

Lear (NYSE:LEA) last released its quarterly earnings data on Friday, January 25th. The auto parts company reported $4.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.96 by $0.09. Lear had a return on equity of 26.95% and a net margin of 5.37%. The business had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the firm posted $4.38 EPS. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. Equities analysts expect that Lear Co. will post 17.91 EPS for the current fiscal year.

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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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