Louisiana State Employees Retirement System Buys 100 Shares of Lear Co. (NYSE:LEA)


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Louisiana State Employees Retirement System lifted its stake in Lear Co. (NYSE:LEA) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,700 shares of the auto parts company’s stock after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Lear were worth $2,179,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Guinness Atkinson Asset Management Inc raised its position in Lear by 50.5% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 700 shares of the auto parts company’s stock valued at $76,000 after purchasing an additional 235 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Lear during the second quarter worth $92,000. KCS Wealth Advisory bought a new stake in shares of Lear during the third quarter worth $207,000. GW Henssler & Associates Ltd. bought a new stake in shares of Lear during the third quarter worth $208,000. Finally, Ironvine Capital Partners LLC bought a new stake in shares of Lear during the third quarter worth $208,000. 92.20% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on LEA. Guggenheim downgraded Lear from a “buy” rating to a “neutral” rating in a research report on Friday, January 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Lear from $134.00 to $146.00 and gave the stock a “hold” rating in a research report on Tuesday, October 13th. Berenberg Bank began coverage on Lear in a research report on Tuesday, October 6th. They set a “buy” rating and a $145.00 target price for the company. Bank of America restated a “neutral” rating on shares of Lear in a research report on Tuesday, November 17th. Finally, JPMorgan Chase & Co. boosted their target price on Lear from $125.00 to $149.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. Lear has an average rating of “Hold” and a consensus price target of $136.65.

NYSE:LEA opened at $162.73 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.31 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is $157.69 and its two-hundred day moving average price is $129.25. The firm has a market capitalization of $9.77 billion, a price-to-earnings ratio of 92.46, a P/E/G ratio of 2.53 and a beta of 1.60. Lear Co. has a 12-month low of $63.20 and a 12-month high of $170.68.

Lear (NYSE:LEA) last released its quarterly earnings data on Wednesday, November 4th. The auto parts company reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.51. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.71 billion. Lear had a return on equity of 6.17% and a net margin of 0.50%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.54 earnings per share. Equities research analysts expect that Lear Co. will post 4.98 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 29th. Stockholders of record on Thursday, December 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Lear’s dividend payout ratio (DPR) is currently 7.15%.

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, South America, and internationally. Its Seating segment offers leather and fabric products, seat covers, recliner mechanisms, seat tracks and foams, seat structures and mechanisms, and headrests for automobiles and light trucks, compact cars, and sport utility vehicles.

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Institutional Ownership by Quarter for Lear (NYSE:LEA)

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