Clark Estates Inc. NY Has $2.02 Million Stock Holdings in Lear Corporation (NYSE:LEA)

Clark Estates Inc. NY reduced its stake in shares of Lear Corporation (NYSE:LEA - Free Report) by 27.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,941 shares of the auto parts company's stock after selling 8,759 shares during the quarter. Clark Estates Inc. NY's holdings in Lear were worth $2,024,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LEA. Dimensional Fund Advisors LP boosted its position in 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 worth $247,566,000 after acquiring an additional 283,838 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Lear by 88.8% in the first 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 during the period. Sei Investments Co. lifted its holdings in shares of Lear by 82.3% in the fourth 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 during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lear by 138.1% in the fourth 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 during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Lear by 62.3% during the first quarter. State of Alaska Department of Revenue now owns 26,283 shares of the auto parts company's stock worth $2,318,000 after purchasing an additional 10,085 shares during the period. 97.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Conrad L. Mallett, Jr. sold 1,187 shares of the stock in a transaction 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 completion of the sale, the director directly owned 84 shares in the company, valued at $7,800.24. This represents a 93.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jason M. Cardew sold 5,000 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.47, for a total value of $492,350.00. Following the completion of the sale, the chief financial officer owned 20,244 shares of the company's stock, valued at $1,993,426.68. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,187 shares of company stock worth $1,086,425 over the last three months. Insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

LEA has been the topic of several research reports. Wall Street Zen raised Lear from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Morgan Stanley dropped their target price on Lear from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Monday, May 19th. JPMorgan Chase & Co. raised their price target on Lear from $119.00 to $120.00 and gave the company an "overweight" rating in a report on Friday, May 9th. UBS Group decreased their price objective on Lear from $116.00 to $109.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Bank of America raised their price target on Lear from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lear has an average rating of "Hold" and an average target price of $113.00.

Lear Stock Performance

Shares of Lear stock traded down $1.28 on Friday, hitting $93.01. The stock had a trading volume of 531,012 shares, compared to its average volume of 727,344. Lear Corporation has a twelve month low of $73.85 and a twelve month high of $119.10. The business's 50 day moving average is $96.91 and its two-hundred day moving average is $93.00. The company has a quick ratio of 1.07, a current ratio of 1.34 and a debt-to-equity ratio of 0.53. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 0.57 and a beta of 1.29.

Lear (NYSE:LEA - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The auto parts company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.24. The business had revenue of $6.03 billion during the quarter, compared to analysts' expectations of $5.89 billion. Lear had a return on equity of 13.94% and a net margin of 2.05%. The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.60 earnings per share. Analysts forecast 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. Shareholders of record on Thursday, June 5th were paid a dividend of $0.77 per share. The ex-dividend date was Thursday, June 5th. This represents a $3.08 annualized dividend and a yield of 3.3%. Lear's dividend payout ratio is presently 35.94%.

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.