Voya Investment Management LLC Sells 3,195 Shares of Lear Co. (NYSE:LEA)

Voya Investment Management LLC reduced its stake in shares of Lear Co. (NYSE:LEA - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,994 shares of the auto parts company's stock after selling 3,195 shares during the quarter. Voya Investment Management LLC owned about 0.06% of Lear worth $3,219,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in Lear by 2.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,717 shares of the auto parts company's stock worth $3,288,000 after buying an additional 933 shares in the last quarter. Pinebridge Investments L.P. raised its stake in shares of Lear by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 24,369 shares of the auto parts company's stock worth $2,308,000 after purchasing an additional 7,288 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in Lear by 46.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 966 shares of the auto parts company's stock worth $91,000 after acquiring an additional 307 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Lear by 80.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,841 shares of the auto parts company's stock worth $269,000 after buying an additional 1,263 shares during the last quarter. Finally, Mirabella Financial Services LLP bought a new position in shares of Lear in the 4th quarter valued at approximately $580,000. Institutional investors and hedge funds own 97.04% of the company's stock.

Lear Trading Down 2.5 %

Shares of LEA stock traded down $2.20 on Tuesday, reaching $86.17. 868,456 shares of the stock were exchanged, compared to its average volume of 737,236. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.02. Lear Co. has a one year low of $73.85 and a one year high of $133.56. The stock has a market cap of $4.61 billion, a PE ratio of 9.64, a P/E/G ratio of 0.49 and a beta of 1.30. The stock has a 50 day moving average price of $87.66 and a 200 day moving average price of $93.43.

Lear (NYSE:LEA - Get Free Report) last released its earnings results on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.64 by $0.48. Lear had a net margin of 2.17% and a return on equity of 14.70%. The company had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the prior year, the company posted $3.18 EPS. The company's revenue was down 7.2% compared to the same quarter last year. Equities research analysts forecast that Lear Co. will post 12.89 EPS for the current fiscal year.

Lear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, March 6th. Lear's dividend payout ratio is presently 34.45%.

Insider Buying and Selling at Lear

In other news, Director Rod Lache purchased 2,178 shares of the business's stock in a transaction that occurred on 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 transaction, the director now directly owns 2,178 shares of the company's stock, valued at approximately $199,940.40. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

LEA has been the subject of several recent analyst reports. Evercore ISI decreased their target price on Lear from $125.00 to $110.00 and set an "in-line" rating for the company in a research note on Monday, February 10th. Wells Fargo & Company raised their price target 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. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $84.00 target price (down previously from $117.00) on shares of Lear in a report on Thursday, April 10th. Citigroup started coverage on shares of Lear in a report on Wednesday, April 23rd. They set a "buy" rating and a $123.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Lear from $147.00 to $143.00 and set an "overweight" rating for the company in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Lear currently has a consensus rating of "Hold" and an average target price of $113.91.

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.