Schonfeld Strategic Advisors LLC Purchases 71,074 Shares of Lear Co. (NYSE:LEA)

Schonfeld Strategic Advisors LLC lifted its position in Lear Co. (NYSE:LEA - Free Report) by 195.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,480 shares of the auto parts company's stock after acquiring an additional 71,074 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.20% of Lear worth $10,178,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in shares of 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 purchasing an additional 12,094 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Lear during the 3rd quarter valued at $50,000. Franklin Resources Inc. increased its holdings in shares of Lear by 18.4% in the 3rd quarter. Franklin Resources Inc. now owns 196,829 shares of the auto parts company's stock valued at $21,015,000 after acquiring an additional 30,529 shares during the period. Retirement Systems of Alabama raised its position in shares of Lear by 7.3% in the 3rd quarter. Retirement Systems of Alabama now owns 144,282 shares of the auto parts company's stock worth $15,748,000 after acquiring an additional 9,774 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of Lear during the 4th quarter worth $277,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LEA shares. UBS Group lowered their price target on shares of Lear from $102.00 to $83.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Morgan Stanley lowered their target price on Lear from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Evercore ISI dropped their target price on Lear from $125.00 to $110.00 and set an "in-line" rating on the stock in a research report on Monday, February 10th. Barclays lowered shares of Lear from an "equal weight" rating to a "negative" rating in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $84.00 price objective (down previously from $117.00) on shares of Lear in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $113.91.

Insider Activity at Lear

In related news, Director Rod Lache acquired 2,178 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $91.80 per share, with a total value of $199,940.40. Following the transaction, the director now owns 2,178 shares of the company's stock, valued at $199,940.40. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.91% of the stock is owned by corporate insiders.

Lear Stock Down 1.2 %

Shares of LEA opened at $85.82 on Thursday. The company's 50-day simple moving average is $88.28 and its 200-day simple moving average is $94.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.32. Lear Co. has a 1 year low of $73.85 and a 1 year high of $133.56. The stock has a market capitalization of $4.59 billion, a PE ratio of 9.60, a P/E/G ratio of 0.49 and a beta of 1.34.

Lear (NYSE:LEA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $2.94 EPS for the quarter, beating 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%. Analysts forecast that Lear Co. will post 12.89 earnings per share for the current fiscal year.

Lear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th were paid a $0.77 dividend. 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 currently 34.45%.

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.

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