Lear Corporation (NYSE:LEA) Shares Bought by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. grew its position in Lear Corporation (NYSE:LEA - Free Report) by 10.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,328 shares of the auto parts company's stock after buying an additional 4,096 shares during the period. Financiere des Professionnels Fonds d investissement inc. owned 0.08% of Lear worth $3,734,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LEA. Steward Partners Investment Advisory LLC boosted its stake in Lear by 9.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,221 shares of the auto parts company's stock worth $305,000 after purchasing an additional 282 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Lear by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 495,764 shares of the auto parts company's stock worth $46,949,000 after purchasing an additional 27,901 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Lear by 27.9% in the 4th quarter. Victory Capital Management Inc. now owns 27,143 shares of the auto parts company's stock worth $2,570,000 after purchasing an additional 5,922 shares in the last quarter. Assetmark Inc. boosted its stake in Lear by 5.9% in the 4th quarter. Assetmark Inc. now owns 9,216 shares of the auto parts company's stock worth $873,000 after purchasing an additional 515 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in Lear by 13.1% in the 4th quarter. M&T Bank Corp now owns 3,600 shares of the auto parts company's stock worth $341,000 after purchasing an additional 418 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lear news, Director Conrad L. Mallett, Jr. sold 1,187 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $92.86, for a total value of $110,224.82. Following the transaction, the director directly owned 84 shares in the company, valued at $7,800.24. This represents a 93.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is currently owned by company insiders.

Lear Trading Up 1.5%

NYSE LEA traded up $1.56 during trading hours on Wednesday, reaching $107.56. The company had a trading volume of 587,644 shares, compared to its average volume of 725,847. The stock has a market capitalization of $5.75 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 0.57 and a beta of 1.29. Lear Corporation has a 1-year low of $73.85 and a 1-year high of $126.85. The company has a current ratio of 1.32, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $92.49 and a 200 day moving average of $91.84.

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

Lear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 5th were issued a $0.77 dividend. The ex-dividend date was Thursday, June 5th. This represents a $3.08 annualized dividend and a yield of 2.86%. Lear's dividend payout ratio (DPR) is 36.11%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Bank of America lifted their target price on shares of Lear from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Citigroup raised their price target 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. Morgan Stanley reduced 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, May 19th. Barclays lowered shares of Lear from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company raised their price target on shares of Lear from $100.00 to $103.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. One investment 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's stock. According to data from MarketBeat, Lear presently has a consensus rating of "Hold" and an average price target of $108.55.

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.