Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.14 Million Stock Position in Lear Co. (NYSE:LEA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in Lear Co. (NYSE:LEA) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,001 shares of the auto parts company’s stock after selling 400 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Lear were worth $1,136,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Greenhaven Associates Inc. grew its position in Lear by 1.2% in the fourth quarter. Greenhaven Associates Inc. now owns 1,842,247 shares of the auto parts company’s stock valued at $174,461,000 after acquiring an additional 22,601 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Lear by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,141,476 shares of the auto parts company’s stock valued at $124,621,000 after purchasing an additional 44,128 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Lear by 6.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 715,788 shares of the auto parts company’s stock valued at $78,128,000 after purchasing an additional 46,303 shares during the last quarter. Bank of New York Mellon Corp increased its position in Lear by 17.1% during the 4th quarter. Bank of New York Mellon Corp now owns 676,977 shares of the auto parts company’s stock worth $64,110,000 after purchasing an additional 99,072 shares in the last quarter. Finally, ARGA Investment Management LP lifted its stake in Lear by 25.7% in the 4th quarter. ARGA Investment Management LP now owns 595,615 shares of the auto parts company’s stock valued at $56,405,000 after purchasing an additional 121,734 shares during the last quarter. Institutional investors own 97.04% of the company’s stock.

Lear Trading Up 1.7 %

Shares of LEA stock opened at $97.57 on Thursday. The company has a market cap of $5.23 billion, a P/E ratio of 10.91, a PEG ratio of 0.49 and a beta of 1.44. Lear Co. has a fifty-two week low of $86.28 and a fifty-two week high of $146.19. The stock has a 50 day simple moving average of $95.62 and a two-hundred day simple moving average of $98.58. 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 (NYSE:LEA) last issued its 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 return on equity of 14.70% and a net margin of 2.17%. Research analysts forecast that Lear Co. will post 12.89 earnings per share for the current year.

Lear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Thursday, March 6th. Lear’s dividend payout ratio (DPR) is 34.45%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LEA shares. Wells Fargo & Company upped their price target on shares of Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their target price on Lear from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Monday, January 27th. StockNews.com raised Lear from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Evercore ISI dropped their price objective on shares of Lear from $125.00 to $110.00 and set an “in-line” rating for the company in a report on Monday, February 10th. Finally, Barclays cut their target price on shares of Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Lear has an average rating of “Hold” and an average target price of $123.36.

Insider Activity at Lear

In related news, Director Rod Lache bought 2,178 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $91.80 per share, for a total transaction of $199,940.40. Following the completion of the purchase, the director now directly owns 2,178 shares in the company, 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 this link. 0.79% of the stock is owned by insiders.

About Lear

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.