UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 16,942 Shares of Lear Co. (NYSE:LEA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Lear Co. (NYSE:LEA - Free Report) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,408 shares of the auto parts company's stock after purchasing an additional 16,942 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.30% of Lear worth $15,475,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LEA. Nisa Investment Advisors LLC lifted its stake in shares of Lear by 187.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company's stock worth $27,000 after buying an additional 187 shares in the last quarter. Addison Advisors LLC raised its holdings in Lear by 68.2% in the 4th quarter. Addison Advisors LLC now owns 338 shares of the auto parts company's stock worth $32,000 after acquiring an additional 137 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Lear by 51.1% in the 4th quarter. Quadrant Capital Group LLC now owns 491 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 166 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Lear by 247.1% during the 4th 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 last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Lear by 46.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 966 shares of the auto parts company's stock worth $91,000 after purchasing an additional 307 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Lear Stock Performance

Shares of NYSE:LEA traded up $1.87 during mid-day trading on Tuesday, reaching $89.34. 620,837 shares of the company traded hands, compared to its average volume of 721,124. The company's 50 day moving average price is $86.01 and its 200-day moving average price is $92.38. The firm has a market cap of $4.78 billion, a PE ratio of 9.99, a PEG ratio of 0.49 and a beta of 1.30. Lear Co. has a 52 week low of $73.85 and a 52 week high of $126.85. 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. The business had revenue of $5.56 billion during the quarter, compared to analyst estimates of $5.47 billion. Lear had a net margin of 2.17% and a return on equity of 14.70%. The company's revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.18 earnings per share. On average, equities analysts expect 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 issued a dividend of $0.77 per share. The ex-dividend date is Thursday, June 5th. This represents a $3.08 dividend on an annualized basis and a yield of 3.45%. Lear's dividend payout ratio is presently 36.11%.

Analysts Set New Price Targets

LEA has been the topic of a number of research analyst reports. Wall Street Zen raised Lear from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Barclays lowered Lear from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. Morgan Stanley dropped their price target 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. Citigroup started coverage on shares of Lear in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $123.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lear from $119.00 to $120.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. One 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. Based on data from MarketBeat, Lear presently has an average rating of "Hold" and an average target price of $112.09.

Insider Buying and Selling at Lear

In related news, Director Rod Lache acquired 2,178 shares of Lear stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $91.80 per share, for a total transaction of $199,940.40. Following the completion of the transaction, the director now directly owns 2,178 shares in the company, valued at approximately $199,940.40. This represents a ∞ increase in their position. The transaction 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 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.