Lear Co. (NYSE:LEA) Holdings Reduced by Vest Financial LLC

Vest Financial LLC reduced its stake in Lear Co. (NYSE:LEA - Free Report) by 42.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,857 shares of the auto parts company's stock after selling 11,044 shares during the period. Vest Financial LLC's holdings in Lear were worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Addison Advisors LLC lifted its stake in Lear by 68.2% during the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company's stock valued at $32,000 after purchasing an additional 137 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Lear by 51.1% in the 4th quarter. Quadrant Capital Group LLC now owns 491 shares of the auto parts company's stock valued at $46,000 after buying an additional 166 shares during the period. Putney Financial Group LLC acquired a new position in Lear in the 4th quarter valued at approximately $58,000. EverSource Wealth Advisors LLC increased its stake in Lear by 247.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 788 shares of the auto parts company's stock valued at $75,000 after buying an additional 561 shares during the period. Finally, TD Waterhouse Canada Inc. increased its stake in Lear by 46.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 966 shares of the auto parts company's stock valued at $91,000 after buying an additional 307 shares during the period. 97.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LEA shares. The Goldman Sachs Group set a $88.00 price target on shares of Lear and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Wall Street Zen raised shares of Lear from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Wells Fargo & Company raised their price objective on shares of Lear from $89.00 to $100.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Evercore ISI reduced their price objective on shares of Lear from $125.00 to $110.00 and set an "in-line" rating for the company in a report on Monday, February 10th. Finally, Cowen cut shares of Lear from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. One 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 MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $112.09.

Lear Trading Up 1.3%

LEA opened at $88.48 on Friday. Lear Co. has a 1-year low of $73.85 and a 1-year high of $126.85. The firm has a 50-day moving average price of $86.01 and a two-hundred day moving average price of $92.26. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $4.73 billion, a PE ratio of 9.90, a PEG ratio of 0.49 and a beta of 1.29.

Lear (NYSE:LEA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The auto parts company reported $3.12 EPS for the quarter, topping the consensus estimate of $2.64 by $0.48. Lear had a net margin of 2.17% and a return on equity of 14.70%. The company had revenue of $5.56 billion during the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter in the previous year, the company earned $3.18 EPS. Lear's revenue was down 7.2% on a year-over-year basis. As a group, equities analysts anticipate that Lear Co. will post 12.89 earnings per share for the current fiscal year.

Lear Dividend Announcement

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 paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.48%. The ex-dividend date is Thursday, June 5th. Lear's payout ratio is 36.11%.

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.

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