Dynamic Technology Lab Private Ltd Has $2.16 Million Stock Holdings in Lear Co. (NYSE:LEA)

Dynamic Technology Lab Private Ltd boosted its stake in shares of Lear Co. (NYSE:LEA) by 15.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,762 shares of the auto parts company’s stock after buying an additional 2,586 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Lear were worth $2,157,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LEA. Acadian Asset Management LLC acquired a new stake in shares of Lear during the first quarter worth $100,000. UniSuper Management Pty Ltd raised its stake in shares of Lear by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 800 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 400 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Lear by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,266 shares of the auto parts company’s stock worth $4,676,000 after buying an additional 1,806 shares during the period. Caxton Associates LP grew its holdings in shares of Lear by 63.9% during the first quarter. Caxton Associates LP now owns 5,734 shares of the auto parts company’s stock worth $831,000 after buying an additional 2,236 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its holdings in shares of Lear by 38.0% during the first quarter. Meiji Yasuda Life Insurance Co now owns 4,540 shares of the auto parts company’s stock worth $658,000 after buying an additional 1,250 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

Lear Stock Up 1.6 %

LEA opened at $97.89 on Monday. Lear Co. has a 1-year low of $92.14 and a 1-year high of $147.11. The stock has a market cap of $5.32 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.58 and a beta of 1.46. The stock’s fifty day simple moving average is $102.64 and its 200 day simple moving average is $112.56. 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 (NYSE:LEA) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.32. The company had revenue of $5.58 billion during 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 business’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.87 earnings per share. As a group, research analysts expect that Lear Co. will post 12.01 earnings per share for the current year.

Lear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Wednesday, December 11th. Lear’s dividend payout ratio is currently 32.39%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Lear from $162.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Barclays lowered shares of Lear from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $140.00 to $120.00 in a research note on Wednesday, October 30th. The Goldman Sachs Group cut their price target on shares of Lear from $144.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Wolfe Research began coverage on Lear in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, TD Cowen lowered their target price on Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $140.25.

Lear Company 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.