Harbor Capital Advisors Inc. Buys 10,249 Shares of Lear Co. (NYSE:LEA)

Harbor Capital Advisors Inc. raised its holdings in Lear Co. (NYSE:LEA - Free Report) by 34.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,622 shares of the auto parts company's stock after purchasing an additional 10,249 shares during the quarter. Harbor Capital Advisors Inc. owned 0.07% of Lear worth $3,495,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Addison Advisors LLC increased its position in Lear by 68.2% in the 4th quarter. Addison Advisors LLC now owns 338 shares of the auto parts company's stock valued at $32,000 after acquiring an additional 137 shares during the period. Quadrant Capital Group LLC grew 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 buying an additional 166 shares during the period. Putney Financial Group LLC bought a new stake in Lear in the fourth quarter valued at $58,000. EverSource Wealth Advisors LLC raised its position in shares of Lear by 247.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 788 shares of the auto parts company's stock worth $75,000 after purchasing an additional 561 shares during the period. Finally, TD Waterhouse Canada Inc. increased its position in shares of Lear by 46.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 966 shares of the auto parts company's stock worth $91,000 after acquiring an additional 307 shares in the last quarter. Institutional investors own 97.04% of the company's stock.

Analyst Upgrades and Downgrades

LEA has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Lear from $119.00 to $120.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Wells Fargo & Company raised their price target on Lear from $89.00 to $100.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Citigroup initiated coverage on shares of Lear in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $123.00 target price on the stock. The Goldman Sachs Group set a $88.00 target price on shares of Lear and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Cowen cut Lear from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Lear currently has an average rating of "Hold" and a consensus target price of $112.09.

Lear Trading Down 0.4%

Shares of LEA stock traded down $0.40 during mid-day trading on Thursday, reaching $93.60. The stock had a trading volume of 171,354 shares, compared to its average volume of 719,747. The stock's 50-day moving average price is $86.56 and its two-hundred day moving average price is $92.21. Lear Co. has a 52-week low of $73.85 and a 52-week high of $126.85. The firm has a market capitalization of $5.00 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.49 and a beta of 1.29. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59.

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, topping analysts' consensus estimates of $2.64 by $0.48. Lear had a net margin of 2.17% and a return on equity of 14.70%. The firm had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the prior year, the firm earned $3.18 EPS. The company's revenue was down 7.2% compared to the same quarter last year. Equities analysts expect that Lear Co. will post 12.89 earnings per share for the current fiscal year.

Lear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.29%. The ex-dividend date is Thursday, June 5th. Lear's dividend payout ratio (DPR) is 36.11%.

About Lear

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.