Lear Co. (NYSE:LEA) Holdings Boosted by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its holdings in Lear Co. (NYSE:LEA) by 63.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,426 shares of the auto parts company’s stock after purchasing an additional 1,331 shares during the period. TD Private Client Wealth LLC’s holdings in Lear were worth $374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LEA. SG Americas Securities LLC grew its position in Lear by 151.9% during the second quarter. SG Americas Securities LLC now owns 6,049 shares of the auto parts company’s stock valued at $691,000 after purchasing an additional 3,648 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Lear during the 2nd quarter valued at $663,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of Lear in the second quarter worth $222,000. Lecap Asset Management Ltd. purchased a new stake in shares of Lear during the second quarter worth $1,388,000. Finally, Perennial Advisors LLC boosted its position in Lear by 9.1% during the second quarter. Perennial Advisors LLC now owns 32,912 shares of the auto parts company’s stock valued at $3,759,000 after purchasing an additional 2,746 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LEA shares. Wells Fargo & Company cut their price target on Lear from $114.00 to $106.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $132.00 target price on shares of Lear in a research note on Tuesday, September 10th. Bank of America dropped their price target on shares of Lear from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. The Goldman Sachs Group decreased their price objective on shares of Lear from $144.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Finally, Wolfe Research began coverage on Lear in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lear has a consensus rating of “Hold” and a consensus target price of $140.25.

Lear Price Performance

NYSE LEA opened at $98.35 on Friday. The stock has a 50-day simple moving average of $100.03 and a 200 day simple moving average of $109.63. Lear Co. has a twelve month low of $92.14 and a twelve month high of $147.11. The stock has a market capitalization of $5.34 billion, a PE ratio of 10.34, a P/E/G ratio of 0.60 and a beta of 1.45. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.33.

Lear (NYSE:LEA) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.32. The business had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.52 billion. Lear had a net margin of 2.33% and a return on equity of 14.68%. Lear’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $2.87 earnings per share. Research analysts anticipate that Lear Co. will post 12.01 EPS for the current year.

Lear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Wednesday, December 11th. Lear’s dividend payout ratio is currently 32.39%.

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.