120,978 Shares in Lear Co. (NYSE:LEA) Purchased by Parkwood LLC

Parkwood LLC purchased a new position in shares of Lear Co. (NYSE:LEA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 120,978 shares of the auto parts company's stock, valued at approximately $11,457,000. Lear makes up about 1.3% of Parkwood LLC's holdings, making the stock its 23rd biggest position. Parkwood LLC owned approximately 0.22% of Lear at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in Lear by 5.9% in the 4th quarter. Assetmark Inc. now owns 9,216 shares of the auto parts company's stock valued at $873,000 after acquiring an additional 515 shares during the period. RWC Asset Management LLP grew its position in shares of Lear by 23.3% during the 4th quarter. RWC Asset Management LLP now owns 410,908 shares of the auto parts company's stock worth $38,913,000 after purchasing an additional 77,691 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Lear during the 4th quarter worth approximately $3,871,000. Dimensional Fund Advisors LP grew its position in shares of Lear by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,614,227 shares of the auto parts company's stock worth $247,566,000 after purchasing an additional 283,838 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Lear by 9.8% during the 3rd quarter. Barclays PLC now owns 135,049 shares of the auto parts company's stock worth $14,742,000 after purchasing an additional 12,094 shares in the last quarter. 97.04% of the stock is owned by institutional investors.

Lear Stock Performance

Shares of NYSE LEA traded up $0.93 during midday trading on Friday, hitting $94.69. The company's stock had a trading volume of 463,649 shares, compared to its average volume of 737,064. The stock has a fifty day moving average price of $87.05 and a 200 day moving average price of $92.91. Lear Co. has a one year low of $73.85 and a one year high of $131.18. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 0.49 and a beta of 1.30.

Lear (NYSE:LEA - Get Free Report) last posted its earnings results on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.64 by $0.48. The business had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.47 billion. Lear had a net margin of 2.17% and a return on equity of 14.70%. Lear's revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.18 EPS. On average, research analysts forecast that Lear Co. will post 12.89 EPS for the current fiscal year.

Lear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.25%. Lear's payout ratio is 36.11%.

Insider Transactions at Lear

In related news, Director Rod Lache purchased 2,178 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $91.80 per share, with a total value of $199,940.40. Following the acquisition, the director now directly owns 2,178 shares of the company's stock, valued at approximately $199,940.40. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on LEA shares. UBS Group increased their target price on shares of Lear from $83.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. increased their price target on shares of Lear from $119.00 to $120.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Wells Fargo & Company increased their price target on shares of Lear from $87.00 to $89.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group set a $88.00 price target on shares of Lear and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, Evercore ISI reduced their price target on shares of Lear from $125.00 to $110.00 and set an "in-line" rating on the stock in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Lear has a consensus rating of "Hold" and a consensus target price of $112.00.

Lear Profile

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.