Lear Corporation (LEA) Shares Sold by Ativo Capital Management LLC

Ativo Capital Management LLC lowered its stake in shares of Lear Corporation (NYSE:LEA) by 32.7% during the first quarter, Holdings Channel reports. The fund owned 19,060 shares of the auto parts company’s stock after selling 9,262 shares during the period. Lear Corporation comprises about 0.7% of Ativo Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Ativo Capital Management LLC’s holdings in Lear Corporation were worth $2,698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Asset Management One Co. Ltd. raised its position in Lear Corporation by 942.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 144,177 shares of the auto parts company’s stock valued at $19,087,000 after buying an additional 130,340 shares during the last quarter. Cigna Investments Inc. New acquired a new position in Lear Corporation during the fourth quarter valued at $1,474,000. Dimensional Fund Advisors LP raised its position in Lear Corporation by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 797,409 shares of the auto parts company’s stock valued at $105,558,000 after buying an additional 35,552 shares during the last quarter. Comerica Bank raised its position in Lear Corporation by 15.7% in the fourth quarter. Comerica Bank now owns 9,740 shares of the auto parts company’s stock valued at $1,396,000 after buying an additional 1,321 shares during the last quarter. Finally, GLG Partners LP raised its position in Lear Corporation by 141.6% in the fourth quarter. GLG Partners LP now owns 26,823 shares of the auto parts company’s stock valued at $3,551,000 after buying an additional 15,720 shares during the last quarter. 96.92% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Lear Corporation (NYSE:LEA)

Shares of Lear Corporation (NYSE:LEA) traded down 1.139% on Tuesday, reaching $137.111. The company’s stock had a trading volume of 571,335 shares. The company has a market cap of $9.45 billion, a P/E ratio of 9.541 and a beta of 1.23. The company has a 50 day moving average price of $144.88 and a 200 day moving average price of $140.86. Lear Corporation has a 52-week low of $97.35 and a 52-week high of $153.28.

Lear Corporation (NYSE:LEA) last posted its quarterly earnings results on Wednesday, April 26th. The auto parts company reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $3.95 by $0.32. Lear Corporation had a return on equity of 32.76% and a net margin of 5.46%. The business had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.93 billion. During the same quarter last year, the company posted $3.40 earnings per share. Lear Corporation’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts anticipate that Lear Corporation will post $16.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Friday, June 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, June 7th. Lear Corporation’s payout ratio is currently 13.90%.

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LEA has been the topic of several recent analyst reports. Morgan Stanley lowered Lear Corporation from an “overweight” rating to an “equal weight” rating and set a $149.00 price target on the stock. in a research report on Tuesday, February 21st. They noted that the move was a valuation call. Zacks Investment Research raised Lear Corporation from a “hold” rating to a “buy” rating and set a $159.00 price target on the stock in a research report on Tuesday, April 4th. Berenberg Bank initiated coverage on Lear Corporation in a research report on Friday, March 31st. They set a “buy” rating and a $175.00 price target on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $149.00 price target on shares of Lear Corporation in a research report on Thursday, April 27th. Finally, Barclays PLC reissued an “equal weight” rating and set a $134.00 price target (down from $138.00) on shares of Lear Corporation in a research report on Saturday, April 22nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Lear Corporation presently has an average rating of “Hold” and an average target price of $143.75.

In related news, Director Greg C. Smith sold 2,266 shares of Lear Corporation stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $145.12, for a total transaction of $328,841.92. Following the completion of the transaction, the director now owns 13,885 shares in the company, valued at $2,014,991.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.

Lear Corporation Company Profile

Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LEA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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