Lear Co. (NYSE:LEA) Shares Bought by Tidal Investments LLC

Tidal Investments LLC raised its position in Lear Co. (NYSE:LEA - Free Report) by 57.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,937 shares of the auto parts company's stock after purchasing an additional 4,742 shares during the period. Tidal Investments LLC's holdings in Lear were worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its holdings in Lear by 187.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company's stock worth $27,000 after purchasing an additional 187 shares in the last quarter. Addison Advisors LLC increased its position in Lear by 68.2% in the 4th quarter. Addison Advisors LLC now owns 338 shares of the auto parts company's stock valued at $32,000 after acquiring an additional 137 shares during the period. UMB Bank n.a. raised its stake in shares of Lear by 233.3% during the fourth quarter. UMB Bank n.a. now owns 410 shares of the auto parts company's stock worth $39,000 after purchasing an additional 287 shares during the last quarter. Quadrant Capital Group LLC raised its position in Lear by 51.1% during the 4th 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 during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Lear by 247.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 788 shares of the auto parts company's stock valued at $75,000 after purchasing an additional 561 shares during the period. Hedge funds and other institutional investors own 97.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LEA. Cowen lowered Lear from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Wall Street Zen upgraded shares of Lear from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Morgan Stanley decreased their price objective on shares of Lear from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. TD Cowen cut shares of Lear from a "buy" rating to a "hold" rating and set a $95.00 target price for the company. in a report on Friday, March 7th. Finally, Wells Fargo & Company lifted their price target on shares of Lear from $89.00 to $100.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $112.09.

Lear Price Performance

LEA stock traded up $1.10 during trading on Thursday, hitting $91.06. The stock had a trading volume of 304,103 shares, compared to its average volume of 718,217. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 0.49 and a beta of 1.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.32. The company's 50 day moving average price is $86.42 and its two-hundred day moving average price is $92.62. Lear Co. has a 1-year low of $73.85 and a 1-year high of $127.58.

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 for the quarter, beating 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 quarter in the previous year, the business posted $3.18 earnings per share. The company's revenue was down 7.2% on a year-over-year basis. On average, sell-side analysts forecast that Lear Co. will post 12.89 EPS for the current fiscal 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 dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Thursday, June 5th. Lear's dividend payout ratio is presently 36.11%.

Insider Transactions at Lear

In related news, Director Rod Lache bought 2,178 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $91.80 per share, with a total value of $199,940.40. Following the completion of the transaction, the director now owns 2,178 shares of the company's stock, valued at approximately $199,940.40. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.91% of the company's stock.

About Lear

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.