Cwm LLC Has $551,000 Stock Holdings in Lear Corporation (NYSE:LEA)

CWM LLC increased its holdings in shares of Lear Corporation (NYSE:LEA - Free Report) by 433.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,247 shares of the auto parts company's stock after purchasing an additional 5,077 shares during the period. CWM LLC's holdings in Lear were worth $551,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. 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. Putney Financial Group LLC acquired a new position in shares of Lear during the 4th quarter worth about $58,000. Fifth Third Bancorp lifted its position in shares of Lear by 131.8% during the 1st quarter. Fifth Third Bancorp now owns 765 shares of the auto parts company's stock worth $67,000 after purchasing an additional 435 shares during the last quarter. CX Institutional acquired a new position in shares of Lear during the 1st quarter worth about $71,000. Finally, GAMMA Investing LLC lifted its position in shares of Lear by 57.9% during the 1st quarter. GAMMA Investing LLC now owns 938 shares of the auto parts company's stock worth $83,000 after purchasing an additional 344 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Barclays boosted their price objective on Lear from $100.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Citigroup upped their price target on Lear from $123.00 to $136.00 and gave the company a "buy" rating in a report on Monday, June 30th. UBS Group reaffirmed a "neutral" rating and issued a $116.00 price target (up previously from $95.00) on shares of Lear in a report on Monday, July 14th. The Goldman Sachs Group set a $88.00 price target on Lear and gave the company a "neutral" rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. upped their price target on Lear from $119.00 to $120.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $113.64.

Insider Buying and Selling

In related news, Director Conrad L. Mallett, Jr. sold 1,187 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $92.86, for a total transaction of $110,224.82. Following the sale, the director directly owned 84 shares in the company, valued at $7,800.24. This represents a 93.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by company insiders.

Lear Price Performance

Shares of LEA stock traded down $8.77 during trading hours on Friday, hitting $99.37. The company had a trading volume of 1,670,335 shares, compared to its average volume of 648,202. Lear Corporation has a 12 month low of $73.85 and a 12 month high of $125.09. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.52 and a beta of 1.29. The firm's fifty day moving average is $96.63 and its 200 day moving average is $92.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.32.

Lear (NYSE:LEA - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The auto parts company reported $3.47 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.24. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.89 billion. Lear had a return on equity of 14.53% and a net margin of 2.09%. Lear's revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the company earned $3.60 EPS. On average, sell-side analysts predict that Lear Corporation will post 12.89 EPS for the current fiscal year.

Lear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 5th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $3.08 dividend on an annualized basis and a yield of 3.10%. Lear's dividend payout ratio (DPR) 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.