Robeco Institutional Asset Management B.V. Purchases 12,457 Shares of Lear Corporation (NYSE:LEA)

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Lear Corporation (NYSE:LEA - Free Report) by 22.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,243 shares of the auto parts company's stock after buying an additional 12,457 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Lear worth $5,932,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Lear by 7.4% during the 4th quarter. Vanguard Group Inc. now owns 6,491,895 shares of the auto parts company's stock valued at $614,782,000 after acquiring an additional 447,835 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Lear by 12.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,614,227 shares of the auto parts company's stock valued at $247,566,000 after purchasing an additional 283,838 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Lear by 29.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,212,579 shares of the auto parts company's stock valued at $209,531,000 after purchasing an additional 498,918 shares in the last quarter. First Trust Advisors LP increased its stake in Lear by 45.9% in the 4th quarter. First Trust Advisors LP now owns 1,133,186 shares of the auto parts company's stock valued at $107,313,000 after buying an additional 356,760 shares during the period. Finally, Lyrical Asset Management LP lifted its position in Lear by 2.9% in the 4th quarter. Lyrical Asset Management LP now owns 1,056,694 shares of the auto parts company's stock worth $100,069,000 after buying an additional 29,370 shares in the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Lear from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Citigroup lifted their price objective on Lear from $123.00 to $136.00 and gave the company a "buy" rating in a research report on Monday. Bank of America upped their target price on Lear from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Wells Fargo & Company raised their price target on Lear from $100.00 to $103.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, Cowen lowered Lear from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $108.55.

Lear Stock Performance

LEA stock traded up $0.93 during midday trading on Wednesday, hitting $101.58. 62,215 shares of the company traded hands, compared to its average volume of 710,532. Lear Corporation has a twelve month low of $73.85 and a twelve month high of $126.85. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 0.53 and a beta of 1.29. The company has a quick ratio of 1.03, a current ratio of 1.32 and a debt-to-equity ratio of 0.57. The business has a 50 day simple moving average of $90.57 and a 200-day simple moving average of $91.50.

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 (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.48. The business had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.47 billion. Lear had a net margin of 2.09% and a return on equity of 14.53%. Lear's quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.18 EPS. As a group, equities research analysts predict that Lear Corporation will post 12.89 earnings per share for the current year.

Lear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, June 5th. Lear's dividend payout ratio is currently 36.11%.

Insider Activity at Lear

In related news, Director Conrad L. Mallett, Jr. sold 1,187 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $92.86, for a total transaction of $110,224.82. Following the completion of the sale, the director owned 84 shares in the company, valued at $7,800.24. This represents a 93.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.91% of the company's stock.

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.