AQR Capital Management LLC Has $9.21 Million Stake in Lear Co. (NYSE:LEA)

AQR Capital Management LLC boosted its stake in shares of Lear Co. (NYSE:LEA - Free Report) by 38.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,239 shares of the auto parts company's stock after purchasing an additional 27,213 shares during the quarter. AQR Capital Management LLC owned about 0.18% of Lear worth $9,209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LEA. Nisa Investment Advisors LLC boosted its holdings in shares of Lear by 187.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company's stock worth $27,000 after buying an additional 187 shares during the period. Addison Advisors LLC boosted its holdings in Lear by 68.2% during the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company's stock valued at $32,000 after acquiring an additional 137 shares during the period. UMB Bank n.a. grew its position in shares of Lear by 233.3% in the fourth quarter. UMB Bank n.a. now owns 410 shares of the auto parts company's stock valued at $39,000 after purchasing an additional 287 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Lear by 39.1% in the fourth quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company's stock worth $40,000 after purchasing an additional 120 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in shares of Lear by 51.1% during the 4th quarter. Quadrant Capital Group LLC now owns 491 shares of the auto parts company's stock worth $46,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LEA. Citigroup started coverage on Lear in a report on Wednesday, April 23rd. They issued a "buy" rating and a $123.00 target price on the stock. StockNews.com lowered shares of Lear from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Cowen lowered shares of Lear from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Wells Fargo & Company upped their target price on shares of Lear from $87.00 to $89.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group set a $88.00 price target on shares of Lear and gave the company a "neutral" rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Lear currently has a consensus rating of "Hold" and an average price target of $112.00.

Insider Activity at Lear

In other Lear news, Director Rod Lache bought 2,178 shares of Lear stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $91.80 per share, with a total value of $199,940.40. Following the completion of the transaction, the director now owns 2,178 shares in the company, valued at $199,940.40. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.91% of the stock is owned by company insiders.

Lear Stock Up 5.0%

Shares of NYSE:LEA traded up $4.55 during midday trading on Monday, reaching $95.14. The company had a trading volume of 93,006 shares, compared to its average volume of 736,063. The business's 50 day moving average price is $87.26 and its 200 day moving average price is $92.99. Lear Co. has a 1-year low of $73.85 and a 1-year high of $133.56. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. The stock has a market cap of $5.09 billion, a PE ratio of 10.62, a P/E/G ratio of 0.49 and a beta of 1.30.

Lear (NYSE:LEA - Get Free Report) last issued 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. Lear had a net margin of 2.17% and a return on equity of 14.70%. The business had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the company earned $3.18 earnings per share. The firm's revenue for the quarter was down 7.2% on a year-over-year basis. Research analysts forecast that Lear Co. will post 12.89 EPS for the current fiscal year.

Lear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 6th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Thursday, March 6th. Lear's payout ratio is presently 36.11%.

Lear Company 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.