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

Dynamic Technology Lab Private Ltd raised its stake in Lear Co. (NYSE:LEA) by 15.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,762 shares of the auto parts company’s stock after buying an additional 2,586 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Lear were worth $2,157,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LEA. Icon Wealth Advisors LLC boosted its position in Lear by 3,359.2% during the third quarter. Icon Wealth Advisors LLC now owns 49,812 shares of the auto parts company’s stock valued at $5,437,000 after purchasing an additional 48,372 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Lear by 8.2% during the 3rd quarter. Raymond James Trust N.A. now owns 4,662 shares of the auto parts company’s stock valued at $509,000 after buying an additional 352 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Lear by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 467,863 shares of the auto parts company’s stock valued at $51,067,000 after buying an additional 12,379 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Lear by 24.3% in the third quarter. Pacer Advisors Inc. now owns 1,264,090 shares of the auto parts company’s stock worth $137,975,000 after buying an additional 247,312 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Lear by 13.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,713,661 shares of the auto parts company’s stock valued at $187,046,000 after acquiring an additional 206,822 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LEA. JPMorgan Chase & Co. dropped their price target on shares of Lear from $162.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. The Goldman Sachs Group cut their target price on Lear from $144.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Wells Fargo & Company decreased their price target on Lear from $114.00 to $106.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. Wolfe Research began coverage on Lear in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Bank of America decreased their target price on Lear from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, October 14th. 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 a consensus rating of “Hold” and a consensus target price of $140.25.

Lear Stock Up 1.6 %

Shares of NYSE:LEA opened at $97.89 on Monday. The company has a 50 day moving average of $102.64 and a 200-day moving average of $112.56. Lear Co. has a one year low of $92.14 and a one year high of $147.11. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 10.29, a P/E/G ratio of 0.58 and a beta of 1.46. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 1.03.

Lear (NYSE:LEA) last posted its earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.32. Lear had a return on equity of 14.68% and a net margin of 2.33%. The company had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.52 billion. During the same period in the previous year, the company earned $2.87 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts forecast that Lear Co. will post 12.01 earnings per share for the current year.

Lear Announces Dividend

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

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.