Quantinno Capital Management LP Increases Stake in Lear Co. (NYSE:LEA)

Quantinno Capital Management LP boosted its position in shares of Lear Co. (NYSE:LEA - Free Report) by 243.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,965 shares of the auto parts company's stock after purchasing an additional 9,897 shares during the quarter. Quantinno Capital Management LP's holdings in Lear were worth $1,322,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LEA. Barclays PLC boosted its holdings in shares of Lear by 9.8% during the 3rd quarter. Barclays PLC now owns 135,049 shares of the auto parts company's stock valued at $14,742,000 after acquiring an additional 12,094 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Lear by 233.3% during the 4th quarter. UMB Bank n.a. now owns 410 shares of the auto parts company's stock valued at $39,000 after acquiring an additional 287 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Lear by 187.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company's stock valued at $27,000 after acquiring an additional 187 shares during the last quarter. Mutual Advisors LLC purchased a new stake in shares of Lear during the 4th quarter valued at about $902,000. Finally, Inspire Investing LLC boosted its holdings in shares of Lear by 12.7% during the 4th quarter. Inspire Investing LLC now owns 4,256 shares of the auto parts company's stock valued at $403,000 after acquiring an additional 478 shares during the last quarter. Hedge funds and other institutional investors own 97.04% of the company's stock.

Insider Transactions at Lear

In related news, Director Rod Lache bought 2,178 shares of the stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $91.80 per share, with a total value of $199,940.40. Following the completion of the acquisition, the director now owns 2,178 shares of the company's stock, valued at $199,940.40. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.91% of the company's stock.

Lear Stock Performance

LEA opened at $90.43 on Friday. The firm has a market cap of $4.83 billion, a P/E ratio of 10.11, a PEG ratio of 0.49 and a beta of 1.30. Lear Co. has a 1-year low of $73.85 and a 1-year high of $127.61. The company has a 50 day simple moving average of $86.86 and a two-hundred day simple moving average of $92.79. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.02.

Lear (NYSE:LEA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.64 by $0.48. Lear had a net margin of 2.17% and a return on equity of 14.70%. The business had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same period in the prior year, the business posted $3.18 earnings per share. The company's revenue was down 7.2% on a year-over-year basis. Equities analysts forecast that Lear Co. will post 12.89 earnings per share for the current fiscal year.

Lear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Thursday, June 5th. Lear's dividend payout ratio (DPR) is presently 36.11%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LEA shares. Wall Street Zen raised shares of Lear from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Wells Fargo & Company raised their price objective on shares of Lear from $89.00 to $100.00 and gave the stock an "equal weight" rating in a report on Monday. The Goldman Sachs Group set a $88.00 price objective on shares of Lear and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Evercore ISI dropped their price objective on shares of Lear from $125.00 to $110.00 and set an "in-line" rating on the stock in a report on Monday, February 10th. Finally, Cowen downgraded shares of Lear from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Lear currently has an average rating of "Hold" and an average target price of $112.09.

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.

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