10,284 Shares in Lear Co. (NYSE:LEA) Purchased by Quest Partners LLC

Quest Partners LLC purchased a new stake in Lear Co. (NYSE:LEA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,284 shares of the auto parts company’s stock, valued at approximately $1,175,000.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Lear in the fourth quarter worth approximately $79,611,000. Grimes & Company Inc. bought a new position in shares of Lear in the 1st quarter worth $5,847,000. Campbell & CO Investment Adviser LLC increased its holdings in shares of Lear by 56.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 20,129 shares of the auto parts company’s stock worth $2,842,000 after buying an additional 7,242 shares during the last quarter. Alaska Permanent Fund Corp raised its position in shares of Lear by 307.9% during the 1st quarter. Alaska Permanent Fund Corp now owns 12,869 shares of the auto parts company’s stock valued at $1,864,000 after buying an additional 9,714 shares in the last quarter. Finally, Swedbank AB purchased a new position in Lear in the first quarter worth $1,984,000. Institutional investors own 97.04% of the company’s stock.

Lear Trading Down 0.1 %

NYSE:LEA opened at $110.17 on Tuesday. The firm has a market capitalization of $6.26 billion, a P/E ratio of 12.01, a P/E/G ratio of 0.36 and a beta of 1.45. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average of $115.60 and a 200 day moving average of $125.76. Lear Co. has a 52 week low of $107.25 and a 52 week high of $147.11.

Lear (NYSE:LEA) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.34 by $0.26. Lear had a net margin of 2.30% and a return on equity of 14.75%. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the prior year, the firm posted $3.33 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts predict that Lear Co. will post 12.79 earnings per share for the current year.

Lear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Wednesday, September 4th will be issued a dividend of $0.77 per share. The ex-dividend date is Wednesday, September 4th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.80%. Lear’s dividend payout ratio is presently 33.59%.

Analyst Ratings Changes

LEA has been the topic of a number of research reports. Bank of America lowered their price target on Lear from $205.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. decreased their price objective on Lear from $179.00 to $166.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Wells Fargo & Company cut their target price on Lear from $132.00 to $131.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. UBS Group lowered their price objective on shares of Lear from $136.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Evercore ISI reduced their target price on shares of Lear from $155.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, July 15th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $153.56.

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.