Lear Co. (NYSE:LEA) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in shares of Lear Co. (NYSE:LEA) by 187.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 287 shares of the auto parts company’s stock after buying an additional 187 shares during the period. Nisa Investment Advisors LLC’s holdings in Lear were worth $27,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LEA. Millennium Management LLC grew its stake in Lear by 2,630.4% during the 2nd quarter. Millennium Management LLC now owns 161,422 shares of the auto parts company’s stock worth $18,436,000 after buying an additional 155,510 shares during the last quarter. Algert Global LLC grew its stake in shares of Lear by 244.8% during the second quarter. Algert Global LLC now owns 7,275 shares of the auto parts company’s stock worth $831,000 after acquiring an additional 5,165 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Lear during the second quarter valued at about $211,000. SG Americas Securities LLC raised its position in shares of Lear by 49.2% in the 3rd quarter. SG Americas Securities LLC now owns 9,024 shares of the auto parts company’s stock valued at $985,000 after purchasing an additional 2,975 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Lear by 46.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 15,700 shares of the auto parts company’s stock worth $1,714,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LEA. Bank of America cut their price target on shares of Lear from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Barclays cut their target price on Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Morgan Stanley lowered their price target on Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. TD Cowen cut their price objective on Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company decreased their target price on Lear from $106.00 to $99.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $132.18.

Lear Stock Down 2.8 %

Shares of LEA stock opened at $94.12 on Friday. Lear Co. has a twelve month low of $90.03 and a twelve month high of $147.11. The stock has a market cap of $5.11 billion, a P/E ratio of 9.90, a P/E/G ratio of 0.61 and a beta of 1.43. The stock has a 50 day moving average of $96.03 and a 200 day moving average of $103.99. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57.

Lear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.77 per share. 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 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.