Financiere des Professionnels Fonds d investissement inc. Raises Holdings in Lear Corporation (NYSE:LEA)

Financiere des Professionnels Fonds d investissement inc. increased its position in Lear Corporation (NYSE:LEA - Free Report) by 10.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,328 shares of the auto parts company's stock after acquiring an additional 4,096 shares during the period. Financiere des Professionnels Fonds d investissement inc. owned about 0.08% of Lear worth $3,734,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Impax Asset Management Group plc boosted its position in shares of Lear by 3.6% in the first quarter. Impax Asset Management Group plc now owns 8,159 shares of the auto parts company's stock worth $720,000 after purchasing an additional 280 shares during the period. 44 Wealth Management LLC boosted its holdings in Lear by 25.5% in the 1st quarter. 44 Wealth Management LLC now owns 4,086 shares of the auto parts company's stock worth $360,000 after buying an additional 831 shares during the period. Kendall Capital Management boosted its holdings in Lear by 6.9% in the 1st quarter. Kendall Capital Management now owns 10,165 shares of the auto parts company's stock worth $897,000 after buying an additional 660 shares during the period. Highland Capital Management LLC boosted its holdings in Lear by 22.5% in the 1st quarter. Highland Capital Management LLC now owns 2,981 shares of the auto parts company's stock worth $263,000 after buying an additional 547 shares during the period. Finally, Hunter Perkins Capital Management LLC boosted its holdings in Lear by 9.1% in the 1st quarter. Hunter Perkins Capital Management LLC now owns 13,739 shares of the auto parts company's stock worth $1,212,000 after buying an additional 1,142 shares during the period. 97.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LEA shares. Wall Street Zen upgraded Lear from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. UBS Group upped their price target on Lear from $83.00 to $95.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Citigroup upped their target price on shares of Lear from $123.00 to $136.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. The Goldman Sachs Group set a $88.00 target price on shares of Lear and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, Bank of America upped their target price on shares of Lear from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Lear has an average rating of "Hold" and an average target price of $108.55.

Lear Trading Up 0.4%

Shares of Lear stock traded up $0.38 during trading on Friday, hitting $103.58. The stock had a trading volume of 329,021 shares, compared to its average volume of 712,651. The firm's fifty day simple moving average is $91.74 and its 200-day simple moving average is $91.69. The stock has a market cap of $5.54 billion, a PE ratio of 12.14, a PEG ratio of 0.58 and a beta of 1.29. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.32 and a quick ratio of 1.03. Lear Corporation has a 12 month low of $73.85 and a 12 month high of $126.85.

Lear (NYSE:LEA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.64 by $0.48. Lear had a net margin of 2.09% and a return on equity of 14.53%. The company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period in the prior year, the company posted $3.18 EPS. The firm's revenue for the quarter was down 7.2% on a year-over-year basis. As a group, sell-side analysts expect that Lear Corporation will post 12.89 EPS for the current fiscal year.

Lear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders 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 annualized dividend and a dividend yield of 2.97%. Lear's dividend payout ratio (DPR) is 36.11%.

Insider Buying and Selling

In other news, Director Conrad L. Mallett, Jr. sold 1,187 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $92.86, for a total transaction of $110,224.82. Following the transaction, the director directly owned 84 shares of the company's stock, valued at approximately $7,800.24. This trade represents a 93.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.91% of the stock is owned by corporate 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.