Oak Thistle LLC Has $220,000 Stock Holdings in Lear Co. (NYSE:LEA)

Oak Thistle LLC trimmed its stake in shares of Lear Co. (NYSE:LEA) by 72.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,321 shares of the auto parts company’s stock after selling 6,000 shares during the quarter. Oak Thistle LLC’s holdings in Lear were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in Lear in the 4th quarter valued at $2,782,000. Nordea Investment Management AB lifted its holdings in Lear by 16.9% during the 4th quarter. Nordea Investment Management AB now owns 39,465 shares of the auto parts company’s stock valued at $3,759,000 after purchasing an additional 5,711 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Lear in the fourth quarter valued at about $277,000. Retirement Systems of Alabama grew its stake in Lear by 7.3% during the third quarter. Retirement Systems of Alabama now owns 144,282 shares of the auto parts company’s stock worth $15,748,000 after buying an additional 9,774 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Lear by 18.4% during the third quarter. Franklin Resources Inc. now owns 196,829 shares of the auto parts company’s stock worth $21,015,000 after buying an additional 30,529 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LEA shares. The Goldman Sachs Group decreased their price target on Lear from $144.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Bank of America lowered their price objective on shares of Lear from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Wells Fargo & Company lowered their price target on shares of Lear from $106.00 to $99.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. Morgan Stanley dropped their price objective on shares of Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Finally, StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Lear has a consensus rating of “Hold” and a consensus price target of $134.18.

Lear Stock Up 0.0 %

Shares of Lear stock opened at $94.22 on Friday. The business has a fifty day simple moving average of $96.12 and a 200 day simple moving average of $105.37. The stock has a market cap of $5.12 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.47 and a beta of 1.43. 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 12 month low of $90.03 and a 12 month high of $147.11.

Lear (NYSE:LEA) last announced its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.32. Lear had a net margin of 2.33% and a return on equity of 14.68%. The company had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.52 billion. During the same period last year, the firm posted $2.87 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. Research analysts predict that Lear Co. will post 12.01 EPS for the current year.

Lear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Wednesday, December 11th. Lear’s dividend payout ratio (DPR) is presently 32.39%.

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.