Dana Investment Advisors Inc. Has $1.33 Million Holdings in Lear Co. (NYSE:LEA)

Dana Investment Advisors Inc. decreased its position in shares of Lear Co. (NYSE:LEA) by 11.2% in the fourth quarter, Holdings Channel reports. The fund owned 14,008 shares of the auto parts company’s stock after selling 1,775 shares during the period. Dana Investment Advisors Inc.’s holdings in Lear were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Aigen Investment Management LP lifted its position in Lear by 61.1% during the 4th quarter. Aigen Investment Management LP now owns 9,055 shares of the auto parts company’s stock worth $858,000 after acquiring an additional 3,435 shares during the last quarter. M&T Bank Corp lifted its position in Lear by 13.1% during the 4th quarter. M&T Bank Corp now owns 3,600 shares of the auto parts company’s stock worth $341,000 after acquiring an additional 418 shares during the last quarter. Assetmark Inc. lifted its position in Lear by 5.9% during the 4th quarter. Assetmark Inc. now owns 9,216 shares of the auto parts company’s stock worth $873,000 after acquiring an additional 515 shares during the last quarter. Clark Estates Inc. NY acquired a new position in Lear during the 4th quarter worth $3,002,000. Finally, Victory Capital Management Inc. lifted its position in Lear by 27.9% during the 4th quarter. Victory Capital Management Inc. now owns 27,143 shares of the auto parts company’s stock worth $2,570,000 after acquiring an additional 5,922 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LEA shares. Evercore ISI cut their target price on shares of Lear from $125.00 to $110.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on shares of Lear from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Morgan Stanley dropped their price objective on shares of Lear from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. UBS Group dropped their price objective on shares of Lear from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $123.36.

Insider Buying and Selling at Lear

In other news, Director Rod Lache purchased 2,178 shares of Lear stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $91.80 per share, for a total transaction of $199,940.40. Following the completion of the transaction, the director now directly owns 2,178 shares in the company, valued at approximately $199,940.40. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.79% of the company’s stock.

Lear Stock Performance

NYSE LEA opened at $98.99 on Friday. The stock has a market cap of $5.31 billion, a P/E ratio of 11.07, a PEG ratio of 0.49 and a beta of 1.44. The company’s 50-day simple moving average is $94.97 and its 200 day simple moving average is $100.32. Lear Co. has a twelve month low of $86.28 and a twelve month high of $147.11. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59.

Lear (NYSE:LEA) last posted its earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.44. Lear had a net margin of 2.17% and a return on equity of 14.70%. As a group, research analysts forecast that Lear Co. will post 12.89 earnings per share for the current fiscal year.

Lear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th will be given a $0.77 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.08 dividend on an annualized basis and a yield of 3.11%. Lear’s dividend payout ratio (DPR) is presently 34.45%.

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.