LS Investment Advisors LLC Has $189,000 Stake in Lear Corporation (NYSE:LEA)

LS Investment Advisors LLC maintained its position in shares of Lear Corporation (NYSE:LEA) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,330 shares of the auto parts company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Lear Corporation were worth $189,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of LEA. Comerica Securities Inc. boosted its stake in Lear Corporation by 36.6% in the first quarter. Comerica Securities Inc. now owns 4,407 shares of the auto parts company’s stock worth $624,000 after buying an additional 1,180 shares in the last quarter. Achmea Investment Management B.V. purchased a new stake in Lear Corporation during the first quarter worth about $3,302,000. Hillsdale Investment Management Inc. boosted its stake in Lear Corporation by 3.2% in the first quarter. Hillsdale Investment Management Inc. now owns 2,270 shares of the auto parts company’s stock worth $322,000 after buying an additional 70 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in Lear Corporation during the first quarter worth about $969,000. Finally, Global Financial Private Capital LLC purchased a new stake in Lear Corporation during the first quarter worth about $1,379,000. Institutional investors own 96.59% of the company’s stock.

Lear Corporation (LEA) opened at 142.06 on Friday. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 9.46 and a beta of 1.32. Lear Corporation has a 52 week low of $110.77 and a 52 week high of $153.28. The stock’s 50 day moving average price is $145.91 and its 200 day moving average price is $142.88.

Lear Corporation (NYSE:LEA) last issued its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $0.28. Lear Corporation had a net margin of 5.51% and a return on equity of 32.34%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the firm posted $3.66 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities research analysts predict that Lear Corporation will post $16.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Tuesday, August 29th. Lear Corporation’s payout ratio is 13.28%.

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A number of research firms have recently issued reports on LEA. Zacks Investment Research cut Lear Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada restated a “hold” rating and set a $157.00 price objective on shares of Lear Corporation in a research report on Wednesday, July 12th. BidaskClub cut Lear Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Guggenheim began coverage on Lear Corporation in a research report on Wednesday, June 21st. They issued a “buy” rating and a $167.00 price target on the stock. Finally, Seaport Global Securities upgraded Lear Corporation from a “neutral” rating to a “buy” rating and set a $163.00 price target on the stock in a research report on Thursday, May 4th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $148.64.

In other news, Director Greg C. Smith sold 2,266 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $145.12, for a total transaction of $328,841.92. Following the completion of the sale, the director now owns 13,885 shares of the company’s stock, valued at approximately $2,014,991.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

About Lear Corporation

Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.

Institutional Ownership by Quarter for Lear Corporation (NYSE:LEA)

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