Cwm LLC Sells 421 Shares of Lear Co. (NYSE:LEA)

Cwm LLC decreased its stake in Lear Co. (NYSE:LEA) by 36.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 732 shares of the auto parts company’s stock after selling 421 shares during the period. Cwm LLC’s holdings in Lear were worth $80,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LEA. Altshuler Shaham Ltd acquired a new stake in Lear in the 2nd quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in Lear in the 1st quarter valued at approximately $29,000. EverSource Wealth Advisors LLC raised its position in Lear by 70.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock valued at $32,000 after buying an additional 110 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Lear in the 1st quarter valued at approximately $62,000. Finally, Isthmus Partners LLC raised its position in Lear by 2.1% in the 2nd quarter. Isthmus Partners LLC now owns 64,398 shares of the auto parts company’s stock valued at $74,000 after buying an additional 1,336 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Analyst Ratings Changes

LEA has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Lear from $150.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. Evercore ISI decreased their price target on Lear from $155.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, July 15th. Wells Fargo & Company decreased their price target on Lear from $114.00 to $106.00 and set an “equal weight” rating for the company in a research note on Friday. UBS Group decreased their price target on Lear from $136.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, Bank of America decreased their price target on Lear from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $142.75.

Lear Stock Performance

LEA opened at $98.65 on Friday. The business has a fifty day simple moving average of $109.02 and a 200 day simple moving average of $117.58. The company has a market capitalization of $5.60 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 0.50 and a beta of 1.44. Lear Co. has a 1 year low of $97.51 and a 1 year high of $147.11. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.34 and a quick ratio of 1.04.

Lear (NYSE:LEA) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.32. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.52 billion. Lear had a return on equity of 14.75% and a net margin of 2.30%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.87 EPS. Research analysts expect that Lear Co. will post 12.27 EPS for the current year.

Lear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were issued a $0.77 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $3.08 annualized dividend and a yield of 3.12%. Lear’s dividend payout ratio is presently 33.59%.

About Lear

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.