BancorpSouth Bank bought a new stake in Lear Co. (NYSE:LEA) during the 4th quarter, Holdings Channel reports. The fund bought 1,159 shares of the auto parts company’s stock, valued at approximately $205,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Boston Partners grew its stake in Lear by 1.4% in the fourth quarter. Boston Partners now owns 1,185,890 shares of the auto parts company’s stock valued at $209,499,000 after purchasing an additional 16,426 shares during the last quarter. Allianz Asset Management GmbH grew its stake in Lear by 3.0% in the third quarter. Allianz Asset Management GmbH now owns 951,518 shares of the auto parts company’s stock valued at $164,689,000 after purchasing an additional 27,368 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Lear by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 933,481 shares of the auto parts company’s stock valued at $161,573,000 after purchasing an additional 42,464 shares during the last quarter. APG Asset Management N.V. grew its stake in Lear by 12.5% in the fourth quarter. APG Asset Management N.V. now owns 887,521 shares of the auto parts company’s stock valued at $130,571,000 after purchasing an additional 98,900 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Lear by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 722,513 shares of the auto parts company’s stock valued at $127,638,000 after purchasing an additional 3,596 shares during the last quarter. Institutional investors own 91.46% of the company’s stock.
In other Lear news, insider Jay K. Kunkel sold 3,006 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $190.16, for a total value of $571,620.96. Following the completion of the transaction, the insider now directly owns 12,056 shares of the company’s stock, valued at $2,292,568.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Thomas A. Didonato sold 9,618 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $190.16, for a total value of $1,828,958.88. Following the completion of the transaction, the senior vice president now directly owns 15,694 shares of the company’s stock, valued at $2,984,371.04. The disclosure for this sale can be found here. Insiders have sold 261,115 shares of company stock valued at $49,699,331 in the last ninety days. Corporate insiders own 0.49% of the company’s stock.
Shares of Lear Co. (NYSE:LEA) opened at $186.57 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 0.45. Lear Co. has a twelve month low of $132.01 and a twelve month high of $202.42. The company has a market capitalization of $12,490.00, a PE ratio of 9.86 and a beta of 1.47.
Lear (NYSE:LEA) last released its earnings results on Friday, January 26th. The auto parts company reported $4.38 EPS for the quarter, topping the Zacks’ consensus estimate of $4.25 by $0.13. Lear had a return on equity of 30.32% and a net margin of 6.42%. The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.27 billion. During the same quarter in the previous year, the company posted $3.80 earnings per share. The company’s revenue was up 15.5% compared to the same quarter last year. analysts expect that Lear Co. will post 18.38 EPS for the current fiscal year.
Lear declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 14th that authorizes the company to repurchase $954.00 million in shares. This repurchase authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Wednesday, March 7th will be issued a dividend of $0.70 per share. This is an increase from Lear’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.50%. Lear’s payout ratio is 10.57%.
COPYRIGHT VIOLATION NOTICE: “1,159 Shares in Lear Co. (LEA) Acquired by BancorpSouth Bank” was published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3229720/1159-shares-in-lear-co-lea-acquired-by-bancorpsouth-bank.html.
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.
Want to see what other hedge funds are holding LEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lear Co. (NYSE:LEA).
Receive News & Ratings for Lear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear and related companies with MarketBeat.com's FREE daily email newsletter.