Strs Ohio decreased its holdings in Lear Co. (NYSE:LEA) by 49.7% during the 4th quarter, HoldingsChannel reports. The fund owned 6,930 shares of the auto parts company’s stock after selling 6,859 shares during the quarter. Strs Ohio’s holdings in Lear were worth $851,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. James Investment Research Inc. lifted its stake in shares of Lear by 218.4% in the fourth quarter. James Investment Research Inc. now owns 26,242 shares of the auto parts company’s stock worth $3,224,000 after acquiring an additional 18,000 shares in the last quarter. Alpha Windward LLC lifted its stake in shares of Lear by 10.9% in the fourth quarter. Alpha Windward LLC now owns 3,665 shares of the auto parts company’s stock worth $450,000 after acquiring an additional 359 shares in the last quarter. Oakbrook Investments LLC acquired a new position in shares of Lear in the fourth quarter worth about $338,000. Hudson Capital Management LLC lifted its stake in shares of Lear by 19.8% in the fourth quarter. Hudson Capital Management LLC now owns 9,108 shares of the auto parts company’s stock worth $1,119,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Daiwa SB Investments Ltd. lifted its stake in shares of Lear by 7.8% in the fourth quarter. Daiwa SB Investments Ltd. now owns 1,250 shares of the auto parts company’s stock worth $154,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 89.62% of the company’s stock.
Several research analysts recently commented on the company. Zacks Investment Research upgraded Lear from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research note on Tuesday. Barclays reiterated a “hold” rating and issued a $170.00 price target on shares of Lear in a research note on Wednesday, October 17th. UBS Group boosted their price target on Lear from $143.00 to $164.00 and gave the stock a “buy” rating in a research note on Wednesday, January 16th. ValuEngine upgraded Lear from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, KeyCorp assumed coverage on Lear in a research note on Monday, December 10th. They issued an “overweight” rating and a $178.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Lear has a consensus rating of “Buy” and a consensus target price of $181.87.
In other Lear news, Director Richard Harold Bott sold 789 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $135.13, for a total transaction of $106,617.57. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.43% of the company’s stock.
Shares of NYSE LEA opened at $153.50 on Wednesday. Lear Co. has a 52-week low of $114.45 and a 52-week high of $206.36. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 3.46 and a beta of 1.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.37.
Lear (NYSE:LEA) last announced its quarterly earnings data on Friday, January 25th. The auto parts company reported $4.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.96 by $0.09. Lear had a return on equity of 26.95% and a net margin of 5.37%. The firm had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the prior year, the firm posted $4.38 earnings per share. Lear’s revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, equities research analysts predict that Lear Co. will post 17.91 EPS for the current fiscal year.
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Lear Company Profile
Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components primarily to automotive original equipment manufacturers worldwide. The company operates through Seating and E-Systems segments. The Seating segment includes seat systems and related components, such as leather and fabric products, seat trim covers, recliner mechanisms, seat tracks, seat structures and mechanisms, seat foams, and headrests primarily for automobiles and light trucks, compact cars, and sport utility vehicles, as well as thermoelectric seat heating and cooling systems.
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