Arnhold LLC Has $10.42 Million Holdings in Lear Co. (NYSE:LEA)

Arnhold LLC decreased its stake in Lear Co. (NYSE:LEA - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,038 shares of the auto parts company's stock after selling 10,516 shares during the period. Arnhold LLC owned approximately 0.20% of Lear worth $10,421,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in Lear by 187.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company's stock worth $27,000 after purchasing an additional 187 shares during the period. Addison Advisors LLC lifted its holdings in shares of 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. lifted its holdings in shares of Lear by 233.3% during the fourth quarter. UMB Bank n.a. now owns 410 shares of the auto parts company's stock valued at $39,000 after acquiring an additional 287 shares during the period. Brooklyn Investment Group lifted its holdings in shares of Lear by 39.1% during the fourth quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company's stock valued at $40,000 after acquiring an additional 120 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Lear during the third quarter valued at $50,000. 97.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LEA has been the subject of a number of analyst reports. Evercore ISI cut their price objective on Lear from $125.00 to $110.00 and set an "in-line" rating for the company in a report on Monday, February 10th. JPMorgan Chase & Co. decreased their price objective on shares of Lear from $147.00 to $143.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $84.00 target price (down from $117.00) on shares of Lear in a research note on Thursday, April 10th. Citigroup started coverage on shares of Lear in a research note on Wednesday, April 23rd. They set a "buy" rating and a $123.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on shares of Lear from $99.00 to $103.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Lear presently has a consensus rating of "Hold" and a consensus price target of $113.91.

Lear Stock Down 2.2 %

Shares of NYSE:LEA traded down $1.93 during midday trading on Wednesday, reaching $84.93. 118,104 shares of the company were exchanged, compared to its average volume of 742,911. Lear Co. has a fifty-two week low of $73.85 and a fifty-two week 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 fifty day simple moving average of $88.49 and a two-hundred day simple moving average of $94.06. The firm has a market cap of $4.55 billion, a PE ratio of 9.50, a P/E/G ratio of 0.49 and a beta of 1.34.

Lear (NYSE:LEA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 EPS for the quarter, topping analysts' consensus estimates of $2.50 by $0.44. Lear had a net margin of 2.17% and a return on equity of 14.70%. As a group, sell-side analysts forecast that Lear Co. will post 12.89 earnings per share for the current year.

Lear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 6th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Thursday, March 6th. Lear's dividend payout ratio is currently 34.45%.

Insider Activity at Lear

In related news, Director Rod Lache bought 2,178 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by company insiders.

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.