Teachers Advisors LLC increased its stake in shares of Lear Corporation (NYSE:LEA) by 6.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 390,499 shares of the auto parts company’s stock after purchasing an additional 22,132 shares during the period. Teachers Advisors LLC owned 0.57% of Lear Corporation worth $55,482,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank raised its position in shares of Lear Corporation by 23.9% during the 1st quarter. Toronto Dominion Bank now owns 768 shares of the auto parts company’s stock worth $109,000 after purchasing an additional 148 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Lear Corporation by 6.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 831 shares of the auto parts company’s stock worth $118,000 after purchasing an additional 48 shares during the last quarter. TrimTabs Asset Management LLC raised its position in shares of Lear Corporation by 88.7% during the 1st quarter. TrimTabs Asset Management LLC now owns 868 shares of the auto parts company’s stock worth $123,000 after purchasing an additional 408 shares during the last quarter. Global X Management Co. LLC raised its position in shares of Lear Corporation by 30.3% during the 1st quarter. Global X Management Co. LLC now owns 878 shares of the auto parts company’s stock worth $124,000 after purchasing an additional 204 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Lear Corporation by 5.4% during the 1st quarter. Van ECK Associates Corp now owns 991 shares of the auto parts company’s stock worth $140,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 94.33% of the company’s stock.
LEA has been the subject of several research reports. Guggenheim initiated coverage on Lear Corporation in a research report on Wednesday, June 21st. They set a “buy” rating and a $167.00 price objective for the company. BidaskClub downgraded Lear Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. ValuEngine downgraded Lear Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Robert W. Baird restated a “buy” rating and set a $178.00 price objective on shares of Lear Corporation in a research report on Friday, September 1st. Finally, Barclays PLC lifted their price objective on Lear Corporation from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $150.18.
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Lear Corporation (NYSE:LEA) opened at 167.17 on Friday. Lear Corporation has a one year low of $110.77 and a one year high of $167.67. The firm has a market capitalization of $11.38 billion, a P/E ratio of 11.14 and a beta of 1.31. The firm has a 50-day moving average price of $148.17 and a 200 day moving average price of $144.07.
Lear Corporation (NYSE:LEA) last posted its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $4.39 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $0.28. Lear Corporation had a net margin of 5.51% and a return on equity of 32.34%. The firm had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the business posted $3.66 EPS. The company’s revenue was up 8.4% on a year-over-year basis. Equities research analysts anticipate that Lear Corporation will post $16.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, August 29th. Lear Corporation’s dividend payout ratio is 13.28%.
Lear Corporation Company Profile
Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.
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