MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $8.49 Million Stock Holdings in Lear Co. (NYSE:LEA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Lear Co. (NYSE:LEA - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,684 shares of the auto parts company's stock after acquiring an additional 6,610 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.17% of Lear worth $8,493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. boosted its stake in Lear by 5.9% in the fourth quarter. Assetmark Inc. now owns 9,216 shares of the auto parts company's stock valued at $873,000 after acquiring an additional 515 shares during the last quarter. RWC Asset Management LLP boosted its stake in Lear by 23.3% in the fourth quarter. RWC Asset Management LLP now owns 410,908 shares of the auto parts company's stock valued at $38,913,000 after acquiring an additional 77,691 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Lear during the fourth quarter worth $3,871,000. Dimensional Fund Advisors LP boosted its position in shares of 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 worth $247,566,000 after purchasing an additional 283,838 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Lear by 9.8% during the third quarter. Barclays PLC now owns 135,049 shares of the auto parts company's stock worth $14,742,000 after purchasing an additional 12,094 shares in the last quarter. 97.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Lear from $83.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group set a $88.00 price target on shares of Lear and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Wall Street Zen raised shares of Lear from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Barclays cut shares of Lear from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. Finally, Morgan Stanley reduced their price target on shares of Lear from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued 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 a consensus price target of $112.09.

Insider Buying and Selling at Lear

In other news, Director Rod Lache acquired 2,178 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $91.80 per share, for a total transaction of $199,940.40. Following the purchase, the director now directly owns 2,178 shares of the company's stock, valued at approximately $199,940.40. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.91% of the company's stock.

Lear Stock Down 1.6%

LEA traded down $1.46 during trading on Friday, hitting $89.08. The company had a trading volume of 694,944 shares, compared to its average volume of 738,292. The company has a market capitalization of $4.76 billion, a PE ratio of 9.96, a PEG ratio of 0.49 and a beta of 1.30. Lear Co. has a one year low of $73.85 and a one year high of $127.58. The firm's 50-day moving average price is $86.72 and its 200 day moving average price is $92.75. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59.

Lear (NYSE:LEA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period in the previous year, the business earned $3.18 EPS. The company's revenue was down 7.2% compared to the same quarter last year. As a group, equities analysts expect that Lear Co. will post 12.89 earnings per share for the current year.

Lear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $3.08 annualized dividend and a yield of 3.46%. Lear's payout ratio is currently 36.11%.

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.