Lear Co. (NYSE:LEA) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in Lear Co. (NYSE:LEA) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 203,348 shares of the auto parts company’s stock after acquiring an additional 11,264 shares during the period. Thrivent Financial for Lutherans’ holdings in Lear were worth $22,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of LEA. EverSource Wealth Advisors LLC increased its holdings in shares of Lear by 70.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 110 shares during the period. Wahed Invest LLC lifted its stake in Lear by 14.0% during the first quarter. Wahed Invest LLC now owns 1,125 shares of the auto parts company’s stock worth $163,000 after purchasing an additional 138 shares during the period. Signaturefd LLC boosted its position in Lear by 71.6% in the third quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock valued at $36,000 after buying an additional 139 shares in the last quarter. Systematic Financial Management LP lifted its position in Lear by 1.0% during the 2nd quarter. Systematic Financial Management LP now owns 16,339 shares of the auto parts company’s stock worth $1,866,000 after buying an additional 155 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Lear by 8.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,302 shares of the auto parts company’s stock valued at $251,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $132.00 price objective on shares of Lear in a research report on Tuesday, September 10th. Bank of America decreased their price objective on Lear from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, October 14th. The Goldman Sachs Group decreased their price target on Lear from $144.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Wells Fargo & Company dropped their price objective on shares of Lear from $114.00 to $106.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. Finally, TD Cowen decreased their price objective on shares of Lear from $142.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $140.25.

Lear Stock Performance

Shares of Lear stock opened at $92.95 on Wednesday. The firm has a market capitalization of $5.05 billion, a P/E ratio of 9.77, a P/E/G ratio of 0.53 and a beta of 1.46. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. Lear Co. has a 12 month low of $92.86 and a 12 month high of $147.11. The business has a fifty day simple moving average of $103.13 and a two-hundred day simple moving average of $113.24.

Lear (NYSE:LEA) last released its earnings results on Thursday, October 24th. The auto parts company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.32. The firm had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Lear had a return on equity of 14.68% and a net margin of 2.33%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.87 earnings per share. On average, equities analysts forecast that Lear Co. will post 12.19 earnings per share for the current fiscal year.

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.