Universal Beteiligungs und Servicegesellschaft mbH Buys 12,144 Shares of Lear Corporation (NYSE:LEA)

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Lear Corporation (NYSE:LEA - Free Report) by 49.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,738 shares of the auto parts company's stock after buying an additional 12,144 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of Lear worth $3,241,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC increased its holdings in shares of Lear by 51.1% during the fourth 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 in the last quarter. Putney Financial Group LLC acquired a new stake in shares of Lear in the fourth quarter valued at approximately $58,000. Fifth Third Bancorp increased its holdings in shares of Lear by 131.8% in the first quarter. Fifth Third Bancorp now owns 765 shares of the auto parts company's stock valued at $67,000 after purchasing an additional 435 shares in the last quarter. CX Institutional acquired a new stake in shares of Lear in the first quarter valued at approximately $71,000. Finally, GAMMA Investing LLC increased its holdings in shares of Lear by 57.9% in the first quarter. GAMMA Investing LLC now owns 938 shares of the auto parts company's stock valued at $83,000 after purchasing an additional 344 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LEA shares. Wells Fargo & Company raised their price target on shares of Lear from $100.00 to $103.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. The Goldman Sachs Group set a $88.00 price target on shares of Lear and gave the company a "neutral" rating in a report on Tuesday, May 6th. Barclays raised their price target on shares of Lear from $100.00 to $120.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. raised their price target on shares of Lear from $119.00 to $120.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Wall Street Zen raised shares of Lear from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $113.00.

Insider Buying and Selling

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 directly owned 84 shares of the company's stock, valued at approximately $7,800.24. This represents a 93.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Raymond E. Scott sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $96.77, for a total value of $483,850.00. Following the sale, the chief executive officer directly owned 38,729 shares of the company's stock, valued at approximately $3,747,805.33. The trade was a 11.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,187 shares of company stock valued at $1,086,425. 0.91% of the stock is owned by corporate insiders.

Lear Trading Down 1.2%

Shares of NYSE LEA traded down $1.10 during midday trading on Friday, reaching $93.19. 155,045 shares of the stock were exchanged, compared to its average volume of 724,651. The business has a 50-day simple moving average of $96.91 and a two-hundred day simple moving average of $93.00. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 0.57 and a beta of 1.29. Lear Corporation has a 12 month low of $73.85 and a 12 month high of $119.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.07.

Lear (NYSE:LEA - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The auto parts company reported $3.47 earnings per share for the quarter, topping analysts' consensus estimates of $3.23 by $0.24. The company had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $5.89 billion. Lear had a net margin of 2.05% and a return on equity of 13.94%. The business's quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the firm posted $3.60 earnings per share. As a group, equities research analysts expect that Lear Corporation will post 12.89 EPS for the current year.

Lear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 5th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, June 5th. Lear's dividend payout ratio is presently 35.94%.

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.