Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 24,594 Lear Co. (NYSE:LEA)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Lear Co. (NYSE:LEA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,594 shares of the auto parts company's stock, valued at approximately $2,329,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LEA. Assetmark Inc. increased its holdings in shares of Lear by 5.9% in the 4th quarter. Assetmark Inc. now owns 9,216 shares of the auto parts company's stock worth $873,000 after buying an additional 515 shares during the last quarter. RWC Asset Management LLP boosted its holdings in shares of Lear by 23.3% in the 4th quarter. RWC Asset Management LLP now owns 410,908 shares of the auto parts company's stock worth $38,913,000 after purchasing an additional 77,691 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Lear during the 4th quarter valued at $3,871,000. Dimensional Fund Advisors LP lifted its position in Lear by 12.2% in 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 buying an additional 283,838 shares during the last quarter. Finally, Barclays PLC increased its position in Lear by 9.8% during the third 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. Institutional investors own 97.04% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on LEA shares. The Goldman Sachs Group set a $88.00 target price on Lear and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Citigroup began coverage on Lear in a report on Wednesday, April 23rd. They set a "buy" rating and a $123.00 price objective for the company. TD Cowen downgraded Lear from a "buy" rating to a "hold" rating and set a $95.00 price objective on the stock. in a research report on Friday, March 7th. UBS Group lifted their target price on Lear from $83.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lear from $119.00 to $120.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Lear has an average rating of "Hold" and a consensus price target of $112.09.

Lear Stock Down 0.4%

NYSE:LEA traded down $0.32 during mid-day trading on Thursday, reaching $87.14. The company's stock had a trading volume of 440,409 shares, compared to its average volume of 719,477. 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 Co. has a 1 year low of $73.85 and a 1 year high of $126.85. The stock has a fifty day moving average of $86.02 and a 200-day moving average of $92.35. The firm has a market capitalization of $4.66 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.49 and a beta of 1.29.

Lear (NYSE:LEA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The auto parts company reported $3.12 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 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 EPS. The company's quarterly revenue was down 7.2% compared to the same quarter last year. Equities research analysts forecast that Lear Co. will post 12.89 earnings per share for the current year.

Lear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 5th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Thursday, June 5th. 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.