Riverview Trust Co Invests $32,000 in Lear Co. (NYSE:LEA)

Riverview Trust Co acquired a new position in shares of Lear Co. (NYSE:LEA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 221 shares of the auto parts company’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors also recently modified their holdings of LEA. Signaturefd LLC grew its holdings in shares of Lear by 32.3% during the fourth quarter. Signaturefd LLC now owns 373 shares of the auto parts company’s stock worth $53,000 after purchasing an additional 91 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Lear during the fourth quarter worth about $56,000. Covestor Ltd lifted its position in Lear by 131.9% in the 3rd quarter. Covestor Ltd now owns 443 shares of the auto parts company’s stock worth $59,000 after buying an additional 252 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in Lear in the 4th quarter worth approximately $75,000. Finally, V Square Quantitative Management LLC lifted its position in Lear by 72.1% in the 4th quarter. V Square Quantitative Management LLC now owns 654 shares of the auto parts company’s stock worth $92,000 after buying an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Insider Buying and Selling

In related news, Director Conrad L. Mallett, Jr. sold 1,278 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $124.55, for a total value of $159,174.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Greg C. Smith sold 2,392 shares of Lear stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $123.86, for a total value of $296,273.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Conrad L. Mallett, Jr. sold 1,278 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $124.55, for a total value of $159,174.90. The disclosure for this sale can be found here. 0.79% of the stock is owned by insiders.

Lear Price Performance

Shares of Lear stock opened at $114.89 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.33 and a debt-to-equity ratio of 0.55. The company has a market cap of $6.52 billion, a PE ratio of 12.53, a P/E/G ratio of 0.31 and a beta of 1.51. The business has a 50 day moving average of $125.84 and a 200 day moving average of $133.42. Lear Co. has a 52 week low of $113.14 and a 52 week high of $157.90.

Lear (NYSE:LEA) last announced its earnings results on Tuesday, April 30th. The auto parts company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.14. The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $6 billion. Lear had a return on equity of 14.47% and a net margin of 2.28%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.78 earnings per share. As a group, equities research analysts forecast that Lear Co. will post 14.21 earnings per share for the current year.

Lear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Thursday, June 6th were paid a $0.77 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $3.08 annualized dividend and a yield of 2.68%. Lear’s payout ratio is 33.59%.

Analyst Upgrades and Downgrades

LEA has been the subject of a number of recent research reports. Barclays dropped their target price on Lear from $175.00 to $165.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Citigroup dropped their target price on Lear from $145.00 to $141.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Morgan Stanley upgraded Lear from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $150.00 to $160.00 in a research report on Friday, May 10th. Wells Fargo & Company dropped their target price on Lear from $139.00 to $132.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, StockNews.com downgraded Lear from a “buy” rating to a “hold” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Lear currently has an average rating of “Moderate Buy” and an average price target of $160.00.

Lear Company 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.