11,100 Shares in Lear Co. (NYSE:LEA) Acquired by Toronto Dominion Bank

Toronto Dominion Bank purchased a new stake in shares of Lear Co. (NYSE:LEA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,100 shares of the auto parts company's stock, valued at approximately $1,051,000.

A number of other hedge funds have also modified their holdings of the company. Barclays PLC lifted its holdings in shares of Lear by 9.8% in the third quarter. Barclays PLC now owns 135,049 shares of the auto parts company's stock worth $14,742,000 after buying an additional 12,094 shares in the last quarter. UMB Bank n.a. grew its holdings in 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 buying an additional 287 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Lear by 187.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company's stock worth $27,000 after acquiring an additional 187 shares during the last quarter. Mutual Advisors LLC bought a new position in shares of Lear during the 4th quarter valued at approximately $902,000. Finally, Inspire Investing LLC increased its position in Lear by 12.7% in the fourth quarter. Inspire Investing LLC now owns 4,256 shares of the auto parts company's stock worth $403,000 after purchasing an additional 478 shares during the last quarter. 97.04% of the stock is currently owned by institutional investors.

Insider Transactions at Lear

In other Lear news, Director Rod Lache purchased 2,178 shares of the business's stock in a transaction on 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 completion of the purchase, the director now directly owns 2,178 shares in the company, valued at approximately $199,940.40. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.91% of the company's stock.

Lear Price Performance

LEA traded up $2.91 on Tuesday, hitting $92.07. 648,682 shares of the company's stock were exchanged, compared to its average volume of 738,450. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $86.58 and a 200-day moving average price of $92.64. Lear Co. has a fifty-two week low of $73.85 and a fifty-two week high of $127.58. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 0.49 and a beta of 1.30.

Lear (NYSE:LEA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.64 by $0.48. The business had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.47 billion. Lear had a net margin of 2.17% and a return on equity of 14.70%. The business's revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $3.18 EPS. As a group, equities analysts anticipate that Lear Co. will post 12.89 earnings per share for the current year.

Lear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, June 5th. Lear's payout ratio is 36.11%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LEA. TD Cowen downgraded shares of Lear from a "buy" rating to a "hold" rating and set a $95.00 price target for the company. in a report on Friday, March 7th. Morgan Stanley decreased their price objective on shares of Lear from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. The Goldman Sachs Group set a $88.00 target price on Lear and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Wells Fargo & Company raised their price target on Lear from $89.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, Wall Street Zen upgraded Lear from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.