Atlas Capital Advisors LLC Sells 496 Shares of Lear Co. (NYSE:LEA)

Atlas Capital Advisors LLC decreased its holdings in Lear Co. (NYSE:LEA) by 69.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 216 shares of the auto parts company’s stock after selling 496 shares during the period. Atlas Capital Advisors LLC’s holdings in Lear were worth $31,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. HighTower Advisors LLC increased its holdings in shares of Lear by 33.2% in the third quarter. HighTower Advisors LLC now owns 4,158 shares of the auto parts company’s stock worth $563,000 after buying an additional 1,036 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in Lear during the 3rd quarter worth approximately $279,000. Envestnet Asset Management Inc. increased its stake in Lear by 20.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 97,567 shares of the auto parts company’s stock worth $13,093,000 after purchasing an additional 16,633 shares during the period. Mariner LLC lifted its position in Lear by 5.5% in the third quarter. Mariner LLC now owns 9,289 shares of the auto parts company’s stock valued at $1,247,000 after purchasing an additional 485 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Lear by 2.6% during the third quarter. Northern Trust Corp now owns 529,304 shares of the auto parts company’s stock valued at $71,033,000 after purchasing an additional 13,248 shares during the period. Institutional investors own 97.04% of the company’s stock.

Analyst Ratings Changes

LEA has been the subject of a number of recent analyst reports. UBS Group lowered their price target on shares of Lear from $142.00 to $136.00 and set a “neutral” rating for the company in a report on Thursday, June 13th. Barclays dropped their target price on shares of Lear from $175.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Citigroup lowered their price target on Lear from $145.00 to $141.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. StockNews.com lowered Lear from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on Lear from $177.00 to $179.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lear has an average rating of “Moderate Buy” and an average target price of $160.00.

Insider Transactions at Lear

In related news, Director Conrad L. Mallett, Jr. sold 1,278 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $124.55, for a total transaction of $159,174.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Greg C. Smith sold 2,392 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $123.86, for a total value of $296,273.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Conrad L. Mallett, Jr. sold 1,278 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $124.55, for a total transaction of $159,174.90. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

Lear Price Performance

Shares of LEA stock opened at $113.62 on Friday. The business’s fifty day moving average is $125.15 and its 200 day moving average is $133.14. 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 stock has a market cap of $6.45 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 0.26 and a beta of 1.51. Lear Co. has a twelve month low of $112.55 and a twelve month high of $157.90.

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

Lear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $3.08 annualized dividend and a dividend yield of 2.71%. Lear’s payout ratio is 33.59%.

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.