BKD Wealth Advisors LLC Raises Stake in Lear Co. (LEA)

BKD Wealth Advisors LLC lifted its position in shares of Lear Co. (NYSE:LEA) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,745 shares of the auto parts company’s stock after purchasing an additional 374 shares during the quarter. BKD Wealth Advisors LLC’s holdings in Lear were worth $485,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LEA. Balyasny Asset Management LLC raised its position in shares of Lear by 7,465.0% during the second quarter. Balyasny Asset Management LLC now owns 716,175 shares of the auto parts company’s stock worth $101,754,000 after purchasing an additional 706,708 shares during the period. Boston Partners raised its position in Lear by 138.6% in the 3rd quarter. Boston Partners now owns 1,169,464 shares of the auto parts company’s stock valued at $202,411,000 after buying an additional 679,345 shares during the last quarter. Koch Industries Inc. purchased a new stake in Lear in the 2nd quarter valued at $485,000. Nordea Investment Management AB raised its position in Lear by 16,648.5% in the 3rd quarter. Nordea Investment Management AB now owns 381,865 shares of the auto parts company’s stock valued at $66,093,000 after buying an additional 379,585 shares during the last quarter. Finally, Capital Growth Management LP purchased a new stake in Lear in the 3rd quarter valued at $27,693,000. 91.73% of the stock is currently owned by institutional investors.

In other news, SVP Mel Stephens sold 796 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $179.00, for a total transaction of $142,484.00. Following the completion of the sale, the senior vice president now directly owns 40,000 shares of the company’s stock, valued at approximately $7,160,000. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Terrence B. Larkin sold 1,137 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $177.74, for a total value of $202,090.38. Following the sale, the executive vice president now directly owns 6,912 shares of the company’s stock, valued at $1,228,538.88. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

LEA has been the subject of a number of analyst reports. Jefferies Group initiated coverage on Lear in a research report on Thursday, September 28th. They issued a “buy” rating and a $197.00 price target for the company. Zacks Investment Research raised Lear from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research report on Wednesday, October 18th. KeyCorp increased their price target on Lear from $180.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Cowen reissued a “buy” rating and issued a $196.00 price target on shares of Lear in a research report on Friday, October 27th. Finally, Longbow Research initiated coverage on Lear in a research report on Friday, January 5th. They issued a “buy” rating and a $225.00 price target for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Lear currently has a consensus rating of “Buy” and a consensus price target of $179.50.

Shares of Lear Co. (NYSE LEA) opened at $190.97 on Friday. Lear Co. has a 12-month low of $132.01 and a 12-month high of $193.12. The stock has a market capitalization of $12,900.00, a price-to-earnings ratio of 11.67, a PEG ratio of 1.48 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 1.34.

Lear (NYSE:LEA) last announced its earnings results on Wednesday, October 25th. The auto parts company reported $3.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.16. Lear had a return on equity of 31.79% and a net margin of 5.79%. The firm had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.84 billion. During the same period last year, the firm posted $3.19 EPS. The business’s revenue was up 10.1% compared to the same quarter last year. sell-side analysts predict that Lear Co. will post 16.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Friday, December 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, December 7th. Lear’s dividend payout ratio is presently 12.22%.

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Lear 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.

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Institutional Ownership by Quarter for Lear (NYSE:LEA)

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