Crossmark Global Holdings Inc. Purchases 547 Shares of Lear Co. (NYSE:LEA)

Crossmark Global Holdings Inc. boosted its holdings in shares of Lear Co. (NYSE:LEA) by 16.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,788 shares of the auto parts company’s stock after acquiring an additional 547 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Lear were worth $413,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in shares of Lear in the second quarter worth $26,000. Headlands Technologies LLC bought a new position in shares of Lear during the first quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its stake in shares of Lear by 70.5% in the second quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 110 shares during the period. Blue Trust Inc. boosted its holdings in Lear by 240.4% in the third quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock valued at $35,000 after acquiring an additional 214 shares during the last quarter. Finally, Signaturefd LLC increased its position in Lear by 71.6% during the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 139 shares during the period. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LEA. The Goldman Sachs Group reduced their price objective on shares of Lear from $144.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. TD Cowen cut their price target on shares of Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Barclays lowered Lear from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $140.00 to $120.00 in a research report on Wednesday, October 30th. JPMorgan Chase & Co. cut their target price on Lear from $162.00 to $160.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Finally, Wolfe Research assumed coverage on shares of Lear in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Lear presently has an average rating of “Moderate Buy” and a consensus target price of $140.25.

Lear Trading Down 0.5 %

LEA opened at $95.61 on Friday. The firm has a market capitalization of $5.20 billion, a PE ratio of 10.05, a P/E/G ratio of 0.55 and a beta of 1.46. Lear Co. has a fifty-two week low of $94.29 and a fifty-two week high of $147.11. The company’s 50-day moving average is $103.66 and its 200 day moving average is $113.78. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 1.03.

Lear (NYSE:LEA) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.32. Lear had a return on equity of 14.68% and a net margin of 2.33%. The business had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.52 billion. During the same period last year, the business earned $2.87 EPS. The business’s revenue was down 3.4% on a year-over-year basis. As a group, research analysts predict that Lear Co. will post 12.22 earnings per share for the current fiscal year.

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.