7,210 Shares in Lear Co. (NYSE:LEA) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in Lear Co. (NYSE:LEA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,210 shares of the auto parts company's stock, valued at approximately $683,000.

Several other institutional investors and hedge funds have also made changes to their positions in LEA. Vanguard Group Inc. lifted its position in Lear by 7.4% during the fourth quarter. Vanguard Group Inc. now owns 6,491,895 shares of the auto parts company's stock worth $614,782,000 after buying an additional 447,835 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Lear by 12.2% in 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 acquiring an additional 283,838 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Lear by 29.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,212,579 shares of the auto parts company's stock worth $209,531,000 after acquiring an additional 498,918 shares during the period. Greenhaven Associates Inc. raised its holdings in shares of Lear by 1.2% during the 4th quarter. Greenhaven Associates Inc. now owns 1,842,247 shares of the auto parts company's stock worth $174,461,000 after acquiring an additional 22,601 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Lear by 45.9% during the 4th quarter. First Trust Advisors LP now owns 1,133,186 shares of the auto parts company's stock valued at $107,313,000 after acquiring an additional 356,760 shares during the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Lear Trading Down 1.6%

Shares of LEA stock traded down $1.46 on Monday, hitting $89.08. The stock had a trading volume of 694,944 shares, compared to its average volume of 738,810. The company's 50 day moving average price is $86.72 and its 200-day moving average price is $92.69. Lear Co. has a 1 year low of $73.85 and a 1 year high of $127.58. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.02. The firm has a market capitalization of $4.76 billion, a P/E ratio of 9.96, a P/E/G ratio of 0.49 and a beta of 1.30.

Lear (NYSE:LEA - Get Free Report) last released its earnings results on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.48. The company had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.47 billion. Lear had a return on equity of 14.70% and a net margin of 2.17%. Lear's revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.18 EPS. Analysts anticipate that Lear Co. will post 12.89 earnings per share for the current year.

Lear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $3.08 annualized dividend and a yield of 3.46%. Lear's dividend payout ratio is presently 36.11%.

Insider Buying and Selling at Lear

In other news, Director Rod Lache bought 2,178 shares of Lear stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 2,178 shares in the company, valued at $199,940.40. The trade was 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 this link. 0.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LEA shares. Barclays cut shares of Lear from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. Wells Fargo & Company lifted their price target on shares of Lear from $89.00 to $100.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. increased their price objective on Lear from $119.00 to $120.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Evercore ISI cut their target price on Lear from $125.00 to $110.00 and set an "in-line" rating for the company in a research note on Monday, February 10th. Finally, Morgan Stanley decreased their price target on Lear from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $112.09.

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.