WINTON GROUP Ltd Sells 518 Shares of Lear Co. (NYSE:LEA)

WINTON GROUP Ltd reduced its stake in Lear Co. (NYSE:LEA) by 9.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,831 shares of the auto parts company’s stock after selling 518 shares during the quarter. WINTON GROUP Ltd’s holdings in Lear were worth $847,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in LEA. Commonwealth Equity Services LLC raised its holdings in Lear by 40.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 3,954 shares of the auto parts company’s stock worth $716,000 after purchasing an additional 1,133 shares during the period. Envestnet Asset Management Inc. raised its holdings in Lear by 6.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 55,458 shares of the auto parts company’s stock worth $10,052,000 after purchasing an additional 3,516 shares during the period. IFM Investors Pty Ltd raised its holdings in Lear by 14.6% in the 1st quarter. IFM Investors Pty Ltd now owns 7,044 shares of the auto parts company’s stock worth $1,277,000 after purchasing an additional 896 shares during the period. Commerce Bank raised its holdings in Lear by 1.8% in the 1st quarter. Commerce Bank now owns 4,750 shares of the auto parts company’s stock worth $861,000 after purchasing an additional 84 shares during the period. Finally, Standard Life Aberdeen plc raised its holdings in Lear by 3.7% in the 1st quarter. Standard Life Aberdeen plc now owns 36,853 shares of the auto parts company’s stock worth $6,682,000 after purchasing an additional 1,325 shares during the period. 95.77% of the stock is currently owned by institutional investors.

Lear stock opened at $155.00 on Friday. The company has a 50 day moving average price of $164.60 and a 200-day moving average price of $176.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.41. Lear Co. has a fifty-two week low of $103.35 and a fifty-two week high of $204.91. The company has a market capitalization of $9.26 billion, a PE ratio of 12.43, a P/E/G ratio of 0.30 and a beta of 1.53.

Lear (NYSE:LEA) last posted its quarterly earnings results on Thursday, August 5th. The auto parts company reported $2.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.47 by ($0.02). Lear had a net margin of 3.73% and a return on equity of 17.71%. The company had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the prior year, the firm posted ($4.14) EPS. The business’s revenue was up 94.7% on a year-over-year basis. On average, analysts forecast that Lear Co. will post 11.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 21st. Stockholders of record on Thursday, September 2nd will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Wednesday, September 1st. This is an increase from Lear’s previous quarterly dividend of $0.25. Lear’s payout ratio is currently 37.52%.

LEA has been the topic of a number of recent analyst reports. TheStreet raised Lear from a “c” rating to a “b-” rating in a report on Friday, August 13th. Credit Suisse Group decreased their price target on Lear from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, August 10th. Benchmark decreased their price target on Lear from $227.00 to $198.00 and set a “buy” rating on the stock in a report on Tuesday, August 10th. Deutsche Bank Aktiengesellschaft cut their price objective on Lear from $198.00 to $188.00 and set a “hold” rating for the company in a research report on Monday, August 9th. Finally, The Goldman Sachs Group upgraded Lear from a “neutral” rating to a “buy” rating and raised their price objective for the company from $198.00 to $228.00 in a research report on Thursday, June 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $194.93.

About Lear

Lear Corp. engages in the design, manufacture and supply of automotive seat, electrical distribution systems and electronic modules, as well as related sub-systems, components, and software. It operates through the following segments: Seating and E-Systems. The Seating segment consists of the design, engineering, just-in-time assembly and delivery of complete seat systems, as well as the manufacture of all major seat components, including seat covers and surface materials such as leather and fabric, seat structures and mechanisms, seat foam and headrests.

Featured Story: What is the Nikkei 225 index?    

Institutional Ownership by Quarter for Lear (NYSE:LEA)

Receive News & Ratings for Lear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear and related companies with MarketBeat.com's FREE daily email newsletter.