Lear Co. (NYSE:LEA) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Lear Co. (NYSE:LEA) by 36.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,871,346 shares of the auto parts company’s stock after acquiring an additional 504,091 shares during the quarter. Dimensional Fund Advisors LP owned 3.30% of Lear worth $213,726,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. State of Michigan Retirement System boosted its stake in Lear by 0.5% in the 1st quarter. State of Michigan Retirement System now owns 18,393 shares of the auto parts company’s stock worth $2,665,000 after purchasing an additional 100 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Lear by 2.7% during the first quarter. Daiwa Securities Group Inc. now owns 3,828 shares of the auto parts company’s stock worth $555,000 after buying an additional 100 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Lear by 1.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,828 shares of the auto parts company’s stock valued at $989,000 after buying an additional 124 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Lear by 6.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,180 shares of the auto parts company’s stock valued at $316,000 after acquiring an additional 137 shares during the period. Finally, Wahed Invest LLC raised its stake in Lear by 14.0% in the 1st quarter. Wahed Invest LLC now owns 1,125 shares of the auto parts company’s stock worth $163,000 after acquiring an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Lear Stock Down 0.1 %

LEA opened at $107.22 on Thursday. The company has a fifty day moving average of $114.45 and a two-hundred day moving average of $124.44. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.41 and a beta of 1.45. Lear Co. has a fifty-two week low of $101.67 and a fifty-two week high of $147.11. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.34.

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

Lear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Wednesday, September 4th. Lear’s dividend payout ratio is presently 33.59%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LEA. Citigroup cut their price objective on Lear from $141.00 to $127.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. UBS Group reduced their price target on shares of Lear from $136.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. dropped their price objective on shares of Lear from $179.00 to $166.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Barclays reduced their target price on shares of Lear from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Finally, Morgan Stanley lowered their price target on shares of Lear from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Lear presently has an average rating of “Moderate Buy” and an average price target of $151.40.

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.