Mirabella Financial Services LLP Acquires Shares of 6,131 Lear Co. (NYSE:LEA)

Mirabella Financial Services LLP purchased a new stake in Lear Co. (NYSE:LEA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,131 shares of the auto parts company's stock, valued at approximately $580,000.

Several other institutional investors have also recently made changes to their positions in the company. Schroder Investment Management Group acquired a new stake in Lear during the fourth quarter worth $90,700,000. Massachusetts Financial Services Co. MA increased its position in shares of Lear by 29.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,212,579 shares of the auto parts company's stock worth $209,531,000 after purchasing an additional 498,918 shares during the last quarter. Vanguard Group Inc. raised its holdings in Lear by 7.4% in the 4th quarter. Vanguard Group Inc. now owns 6,491,895 shares of the auto parts company's stock valued at $614,782,000 after buying an additional 447,835 shares during the period. First Trust Advisors LP lifted its position in Lear by 45.9% in the fourth quarter. First Trust Advisors LP now owns 1,133,186 shares of the auto parts company's stock valued at $107,313,000 after buying an additional 356,760 shares during the last quarter. Finally, Norges Bank purchased a new position in Lear during the fourth quarter worth about $31,881,000. Hedge funds and other institutional investors own 97.04% of the company's stock.

Lear Stock Down 1.0 %

NYSE LEA traded down $0.82 on Friday, hitting $84.57. 479,217 shares of the stock were exchanged, compared to its average volume of 745,607. The company has a market cap of $4.53 billion, a PE ratio of 9.46, a PEG ratio of 0.49 and a beta of 1.34. The company has a 50-day moving average price of $88.95 and a 200-day moving average price of $94.42. Lear Co. has a fifty-two week low of $73.85 and a fifty-two week high of $138.69. 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 announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Thursday, March 6th. Lear's dividend payout ratio (DPR) is 34.45%.

Analyst Upgrades and Downgrades

LEA has been the topic of several recent analyst reports. Evercore ISI decreased their price objective on shares of Lear from $125.00 to $110.00 and set an "in-line" rating on the stock in a report on Monday, February 10th. UBS Group decreased their price target on Lear from $102.00 to $83.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Barclays cut Lear from an "equal weight" rating to a "negative" rating in a research note on Tuesday, April 15th. Wells Fargo & Company boosted their price objective on Lear from $99.00 to $103.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Finally, Cowen downgraded Lear from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $113.91.

Insider Buying and Selling

In other Lear news, Director Rod Lache bought 2,178 shares of the stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $91.80 per share, for a total transaction of $199,940.40. Following the completion of the transaction, the director now owns 2,178 shares in the company, valued at approximately $199,940.40. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is owned by company insiders.

About Lear

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.