Lear Co. (NYSE:LEA) Position Trimmed by Comerica Bank

Comerica Bank lowered its holdings in shares of Lear Co. (NYSE:LEA - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,511 shares of the auto parts company's stock after selling 8,948 shares during the period. Comerica Bank owned 0.07% of Lear worth $3,458,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LEA. Nisa Investment Advisors LLC increased its stake in Lear by 187.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company's stock valued at $27,000 after buying an additional 187 shares during the period. Addison Advisors LLC increased its stake 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 worth $32,000 after acquiring an additional 137 shares during the period. UMB Bank n.a. lifted its position in 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 period. Brooklyn Investment Group boosted its holdings in Lear by 39.1% in the 4th quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company's stock valued at $40,000 after purchasing an additional 120 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in 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 period. Institutional investors and hedge funds own 97.04% of the company's stock.

Analysts Set New Price Targets

LEA has been the topic of a number of analyst reports. Evercore ISI decreased their price target on Lear from $125.00 to $110.00 and set an "in-line" rating on the stock in a research note on Monday, February 10th. UBS Group increased their price objective on shares of Lear from $83.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday. StockNews.com downgraded Lear from a "buy" rating to a "hold" rating in a research report on Wednesday. Wells Fargo & Company increased their price objective on Lear from $87.00 to $89.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, Morgan Stanley cut their target price on shares of Lear from $135.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $112.00.

Insider Activity

In related news, Director Rod Lache purchased 2,178 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was 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 of the company's stock, valued at $199,940.40. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.91% of the company's stock.

Lear Trading Up 1.8 %

NYSE:LEA traded up $1.64 on Friday, hitting $90.57. 463,871 shares of the stock were exchanged, compared to its average volume of 737,926. The stock has a market cap of $4.84 billion, a PE ratio of 10.13, a PEG ratio of 0.49 and a beta of 1.30. Lear Co. has a fifty-two week low of $73.85 and a fifty-two week high of $133.56. 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 stock has a fifty day moving average of $87.26 and a 200-day moving average of $93.11.

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

Lear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th were given a $0.77 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $3.08 dividend on an annualized basis and a yield of 3.40%. Lear's payout ratio is currently 36.11%.

About Lear

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.