Hsbc Holdings PLC Has $8.67 Million Stock Position in Lear Co. (NYSE:LEA)

Hsbc Holdings PLC trimmed its holdings in Lear Co. (NYSE:LEA - Free Report) by 41.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,655 shares of the auto parts company's stock after selling 63,984 shares during the period. Hsbc Holdings PLC owned about 0.17% of Lear worth $8,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Assetmark Inc. raised its holdings in shares of Lear by 5.9% during the fourth quarter. Assetmark Inc. now owns 9,216 shares of the auto parts company's stock worth $873,000 after acquiring an additional 515 shares during the period. RWC Asset Management LLP increased its holdings in Lear by 23.3% during 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 in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Lear in the 4th quarter valued at about $3,871,000. Dimensional Fund Advisors LP lifted its holdings in shares of 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 valued at $247,566,000 after purchasing an additional 283,838 shares in the last quarter. Finally, 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 valued at $14,742,000 after purchasing an additional 12,094 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on LEA. The Goldman Sachs Group restated a "neutral" rating and issued a $84.00 price objective (down previously from $117.00) on shares of Lear in a report on Thursday, April 10th. 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 research note on Friday, March 7th. UBS Group dropped their price target on shares of Lear from $102.00 to $83.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley decreased their price objective on shares of Lear from $135.00 to $125.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of Lear from $99.00 to $103.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. One 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. Based on data from MarketBeat, Lear presently has a consensus rating of "Hold" and an average price target of $113.91.

Lear Stock Performance

Shares of LEA traded up $0.08 during midday trading on Thursday, reaching $85.83. 503,514 shares of the stock were exchanged, compared to its average volume of 737,988. The stock's 50 day simple moving average is $88.28 and its 200 day simple moving average is $94.00. The company has a market cap of $4.60 billion, a P/E ratio of 9.60, a PEG ratio of 0.49 and a beta of 1.34. Lear Co. has a twelve month low of $73.85 and a twelve month high of $133.56. 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 (NYSE:LEA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.44. Lear had a net margin of 2.17% and a return on equity of 14.70%. On average, sell-side analysts expect that Lear Co. will post 12.89 earnings per share for the current year.

Lear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 6th were given a dividend of $0.77 per share. The ex-dividend date was Thursday, March 6th. This represents a $3.08 annualized dividend and a yield of 3.59%. Lear's dividend payout ratio is 34.45%.

Insiders Place Their Bets

In related news, Director Rod Lache purchased 2,178 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $91.80 per share, with a total value of $199,940.40. Following the acquisition, the director now owns 2,178 shares of the company's stock, valued at $199,940.40. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.91% of the company's stock.

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.