Orion Portfolio Solutions LLC Sells 312 Shares of Lear Co. (NYSE:LEA)

Orion Portfolio Solutions LLC cut its holdings in shares of Lear Co. (NYSE:LEA) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,536 shares of the auto parts company’s stock after selling 312 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Lear were worth $604,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Pzena Investment Management LLC increased its holdings in shares of Lear by 7.3% during the 3rd quarter. Pzena Investment Management LLC now owns 7,714,653 shares of the auto parts company’s stock worth $842,054,000 after acquiring an additional 526,763 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Lear by 9.5% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 2,754,752 shares of the auto parts company’s stock worth $314,620,000 after acquiring an additional 238,964 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Lear by 36.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,871,346 shares of the auto parts company’s stock worth $213,726,000 after acquiring an additional 504,091 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Lear by 13.7% in the 3rd 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 buying an additional 206,822 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Lear by 24.3% in the 3rd quarter. Pacer Advisors Inc. now owns 1,264,090 shares of the auto parts company’s stock valued at $137,975,000 after buying an additional 247,312 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

Lear Price Performance

Shares of LEA stock opened at $94.75 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.57. Lear Co. has a twelve month low of $92.14 and a twelve month high of $147.11. The company has a market cap of $5.15 billion, a P/E ratio of 9.96, a P/E/G ratio of 0.60 and a beta of 1.45. The business has a fifty day simple moving average of $99.62 and a 200 day simple moving average of $109.13.

Lear (NYSE:LEA) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $2.89 earnings per share 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 business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same period in the prior year, the company earned $2.87 EPS. Lear’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, sell-side analysts forecast that Lear Co. will post 12.01 EPS for the current fiscal year.

Lear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Wednesday, December 11th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $3.08 annualized dividend and a dividend yield of 3.25%. Lear’s dividend payout ratio is currently 32.39%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LEA shares. Barclays lowered Lear from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $140.00 to $120.00 in a report on Wednesday, October 30th. Wells Fargo & Company decreased their price objective on Lear from $106.00 to $99.00 and set an “equal weight” rating on the stock in a report on Monday. StockNews.com lowered Lear from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Morgan Stanley decreased their price objective on Lear from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. Finally, Bank of America decreased their price objective on Lear from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $139.67.

Lear 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.