Css LLC Il Invests $435,000 in Lear Co. (NYSE:LEA)

Css LLC Il purchased a new stake in Lear Co. (NYSE:LEA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,590 shares of the auto parts company's stock, valued at approximately $435,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Schroder Investment Management Group acquired a new stake in Lear in the fourth quarter valued at approximately $90,700,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Lear by 29.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,212,579 shares of the auto parts company's stock valued at $209,531,000 after acquiring an additional 498,918 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Lear by 7.4% during the 4th quarter. Vanguard Group Inc. now owns 6,491,895 shares of the auto parts company's stock valued at $614,782,000 after acquiring an additional 447,835 shares in the last quarter. First Trust Advisors LP grew its position in 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 worth $107,313,000 after acquiring an additional 356,760 shares during the last quarter. Finally, Norges Bank acquired a new position in Lear in the 4th quarter worth about $31,881,000. 97.04% of the stock is owned by institutional investors.

Insider Transactions at Lear

In related news, Director Rod Lache acquired 2,178 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $91.80 per share, for a total transaction of $199,940.40. Following the completion of the acquisition, the director now owns 2,178 shares of the company's stock, valued at approximately $199,940.40. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.91% of the company's stock.

Lear Price Performance

LEA stock opened at $90.43 on Friday. 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 firm has a market cap of $4.83 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.49 and a beta of 1.30. The company's fifty day simple moving average is $86.86 and its 200 day simple moving average is $92.79. Lear Co. has a 12-month low of $73.85 and a 12-month high of $127.61.

Lear (NYSE:LEA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.64 by $0.48. Lear had a return on equity of 14.70% and a net margin of 2.17%. The company 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 business earned $3.18 EPS. The firm's revenue was down 7.2% compared to the same quarter last year. On average, analysts expect 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 issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Thursday, June 5th. Lear's payout ratio is 36.11%.

Analyst Ratings Changes

A number of analysts have recently commented on LEA shares. Cowen lowered Lear from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Citigroup initiated coverage on shares of Lear in a research report on Wednesday, April 23rd. They set a "buy" rating and a $123.00 target price on the stock. Morgan Stanley decreased their price target on shares of Lear from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Monday. TD Cowen downgraded shares of Lear from a "buy" rating to a "hold" rating and set a $95.00 price target for the company. in a research note on Friday, March 7th. Finally, Wall Street Zen upgraded shares of Lear from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.

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