Lear Corporation (LEA) Position Decreased by Foresters Investment Management Company Inc

20 Juin, 2017, 17:05 | Author: Marc Bacque

21,132 Lear Corporation (NYSE:LEA) shares with value of $3.05M were sold by STEPHENS MEL. Ltd. now owns 144,177 shares of the auto parts company's stock worth $19,087,000 after buying an additional 130,340 shares during the last quarter. Hillsdale Investment Management Inc.'s holdings in Lear Corporation were worth $322,000 as of its most recent SEC filing.

A number of research analysts have recently commented on LEA shares. Forbes.com's article titled: "How China Is A Major Boost For Lear Corporation Right Now" and published on November 15, 2016 is yet another important article. Dimensional Fund Advisors LP raised its position in shares of Lear Corporation by 4.7% in the fourth quarter. IFP Advisors Inc now owns 1,393 shares of the auto parts company's stock worth $197,000 after buying an additional 25 shares during the period. Principal Financial Group Inc. raised its position in shares of Lear Corporation by 156.8% in the first quarter. First Interstate Bank now owns 767 shares of the auto parts company's stock worth $102,000 after buying an additional 30 shares during the period. APG Asset Management N.V. raised its stake in shares of Lear Corporation by 415.0% in the third quarter. Wells Fargo & Company MN now owns 794,605 shares of the auto parts company's stock worth $96,322,000 after buying an additional 192,877 shares during the last quarter.

Several other institutional investors have also made changes to their positions in the stock.

Lear Corporation (NYSE:LEA) traded up 0.16% during trading on Friday, hitting $138.67. Smith Asset Gru Ltd Partnership has 374,430 shares for 1.45% of their portfolio. Lear Corporation has a 52-week low of $97.35 and a 52-week high of $153.28. The stock has a market cap of $9.55 billion, a P/E ratio of 9.65 and a beta of 1.23. The firm has a 50 day moving average price of $144.99 and a 200-day moving average price of $140.63.

Analysts await Lear Corporation (NYSE:LEA) to report earnings on July, 27. The auto parts company reported $4.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $3.95 by $0.32. The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.93 billion. Los Angeles Cap And Equity Rech Inc holds 0.02% of its portfolio in Lear Corporation (NYSE:LEA) for 23,720 shares. The firm's quarterly revenue was up 7.2% compared to the same quarter previous year. During the same quarter a year ago, the company earned $3.40 earnings per share. Ball Corporation had 16 analyst reports since October 15, 2015 according to SRatingsIntel.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Sumitomo Mitsui Asset Management Limited invested in 0.02% or 12,962 shares. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.44%. It fall, as 45 investors sold Lear Corporation shares while 197 reduced holdings.

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LEA has been the subject of a number of analyst reports. UBS upgraded the stock to "Buy" rating in Tuesday, August 18 report. Royal Bank Of Canada restated a "hold" rating and issued a $149.00 target price on shares of Lear Corporation in a research note on Thursday, April 27th. The stock of Lear Corporation (NYSE:LEA) has "Underweight" rating given on Thursday, June 8 by Morgan Stanley. Finally, Seaport Global Securities raised shares of Lear Corporation from a "neutral" rating to a "buy" rating and set a $163.00 target price for the company in a report on Thursday, May 4th. Three analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of "Hold" and a consensus price target of $143.75. In other Lear Corporation news, Director Greg C. Smith sold 2,266 shares of the business's stock in a transaction that occurred on Monday, May 22nd. Pauley Lisa Ann sold $424,996 worth of stock or 5,752 shares. Following the transaction, the director now directly owns 13,885 shares of the company's stock, valued at $2,014,991.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Quantitative Systematic Strategies LLC now owns 17,854 shares of the auto parts company's stock valued at $2,125,000 after buying an additional 10,193 shares in the last quarter.

Berenberg Bank started coverage on Lear Corporation in a research note on Friday, March 31st. The Firm is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers.


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