Lear Co. (NYSE:LEA) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its holdings in shares of Lear Co. (NYSE:LEA) by 63.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,426 shares of the auto parts company’s stock after buying an additional 1,331 shares during the period. TD Private Client Wealth LLC’s holdings in Lear were worth $374,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Altshuler Shaham Ltd bought a new position in shares of Lear during the second quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its stake in Lear by 70.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock worth $32,000 after buying an additional 110 shares during the last quarter. Blue Trust Inc. increased its position in Lear by 240.4% in the third quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock worth $35,000 after buying an additional 214 shares during the period. Brooklyn Investment Group bought a new stake in Lear in the third quarter valued at $34,000. Finally, Signaturefd LLC grew its position in shares of Lear by 71.6% during the third quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 139 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Lear Stock Performance

NYSE:LEA opened at $98.35 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $100.03 and a 200-day moving average of $109.63. Lear Co. has a twelve month low of $92.14 and a twelve month high of $147.11. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 0.60 and a beta of 1.45.

Lear (NYSE:LEA) last posted 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 company had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Lear had a return on equity of 14.68% and a net margin of 2.33%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.87 earnings per share. Analysts forecast that Lear Co. will post 12.01 earnings per share for the current fiscal year.

Lear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Wednesday, December 11th will be given a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.13%. Lear’s dividend payout ratio (DPR) is 32.39%.

Analysts Set New Price Targets

Several equities research analysts have commented on LEA shares. Barclays lowered shares of Lear from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $140.00 to $120.00 in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $132.00 target price on shares of Lear in a research note on Tuesday, September 10th. The Goldman Sachs Group decreased their price target on Lear from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Wolfe Research started coverage on shares of Lear in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Bank of America decreased their target price on shares of Lear from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $140.25.

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.