Fmr LLC Sells 199,440 Shares of Lear Co. (NYSE:LEA)

FMR LLC trimmed its position in shares of Lear Co. (NYSE:LEA - Free Report) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,257,511 shares of the auto parts company's stock after selling 199,440 shares during the quarter. FMR LLC owned approximately 4.15% of Lear worth $213,786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Quantinno Capital Management LP raised its holdings in shares of Lear by 101.0% in the third quarter. Quantinno Capital Management LP now owns 4,068 shares of the auto parts company's stock valued at $444,000 after buying an additional 2,044 shares during the last quarter. Stifel Financial Corp increased its position in Lear by 15.4% in the 3rd quarter. Stifel Financial Corp now owns 59,369 shares of the auto parts company's stock valued at $6,480,000 after acquiring an additional 7,910 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Lear by 4.2% in the third quarter. Wellington Management Group LLP now owns 3,526 shares of the auto parts company's stock worth $385,000 after acquiring an additional 143 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Lear during the third quarter worth approximately $284,000. Finally, MML Investors Services LLC grew its stake in shares of Lear by 49.9% during the third quarter. MML Investors Services LLC now owns 3,207 shares of the auto parts company's stock valued at $350,000 after purchasing an additional 1,068 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LEA shares. Evercore ISI reduced their price objective on Lear from $125.00 to $110.00 and set an "in-line" rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. cut their price target on Lear from $147.00 to $143.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company lifted their price objective on Lear from $99.00 to $103.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. The Goldman Sachs Group restated a "neutral" rating and set a $84.00 target price (down from $117.00) on shares of Lear in a research report on Thursday, April 10th. Finally, TD Cowen cut shares of Lear from a "buy" rating to a "hold" rating and set a $95.00 price target for the company. in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $114.27.

Insider Buying and Selling at Lear

In other Lear news, Director Rod Lache acquired 2,178 shares of the stock in a transaction dated 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 acquisition, the director now directly owns 2,178 shares of the company's stock, valued at approximately $199,940.40. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.79% of the company's stock.

Lear Trading Up 2.5 %

NYSE:LEA traded up $1.97 during trading hours on Friday, hitting $79.48. The stock had a trading volume of 600,138 shares, compared to its average volume of 744,853. The business's 50 day moving average is $90.76 and its 200-day moving average is $95.46. 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 has a market cap of $4.26 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.49 and a beta of 1.34. Lear Co. has a one year low of $73.85 and a one year high of $138.69.

Lear (NYSE:LEA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 EPS for the quarter, topping the consensus estimate of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. Sell-side analysts anticipate that Lear Co. will post 12.89 EPS for the current fiscal year.

Lear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 6th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Thursday, March 6th. Lear's payout ratio is presently 34.45%.

Lear 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.