Oak Thistle LLC Buys 25,710 Shares of Lear Corporation (NYSE:LEA)

Oak Thistle LLC boosted its position in Lear Corporation (NYSE:LEA - Free Report) by 1,107.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,031 shares of the auto parts company's stock after purchasing an additional 25,710 shares during the period. Oak Thistle LLC owned about 0.05% of Lear worth $2,473,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new position in Lear in the fourth quarter worth about $3,871,000. Dimensional Fund Advisors LP lifted its position in shares of Lear by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,614,227 shares of the auto parts company's stock valued at $247,566,000 after buying an additional 283,838 shares in the last quarter. Sei Investments Co. lifted its position in shares of Lear by 82.3% during the 4th quarter. Sei Investments Co. now owns 45,927 shares of the auto parts company's stock valued at $4,349,000 after buying an additional 20,733 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Lear by 88.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,249 shares of the auto parts company's stock valued at $640,000 after buying an additional 3,409 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Lear by 138.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 43,474 shares of the auto parts company's stock valued at $4,117,000 after buying an additional 25,217 shares in the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LEA. Wells Fargo & Company lifted their price objective on Lear from $100.00 to $103.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Bank of America lifted their price objective on Lear from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Morgan Stanley lowered their price objective on Lear from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Wall Street Zen raised Lear from a "hold" rating to a "strong-buy" rating in a research report on Saturday. Finally, Citigroup boosted their price target on Lear from $123.00 to $136.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $113.64.

Lear Price Performance

NYSE:LEA traded down $8.77 during trading hours on Friday, reaching $99.37. The stock had a trading volume of 1,670,335 shares, compared to its average volume of 648,202. 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 Corporation has a 52 week low of $73.85 and a 52 week high of $125.09. The company has a 50 day moving average price of $96.63 and a two-hundred day moving average price of $92.90. The stock has a market capitalization of $5.31 billion, a PE ratio of 11.65, a PEG ratio of 0.56 and a beta of 1.29.

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

Lear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Thursday, June 5th. Lear's payout ratio is 36.11%.

Insider Transactions at Lear

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

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.