Regentatlantic Capital LLC Reduces Position in Lear Corporation (LEA)

Regentatlantic Capital LLC trimmed its position in shares of Lear Corporation (NYSE:LEA) by 2.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,930 shares of the auto parts company’s stock after selling 440 shares during the quarter. Regentatlantic Capital LLC’s holdings in Lear Corporation were worth $3,796,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its position in shares of Lear Corporation by 6.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 831 shares of the auto parts company’s stock worth $118,000 after purchasing an additional 48 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Lear Corporation by 10.9% during the second quarter. Toronto Dominion Bank now owns 852 shares of the auto parts company’s stock worth $121,000 after purchasing an additional 84 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Lear Corporation by 30.3% during the first quarter. Global X Management Co. LLC now owns 878 shares of the auto parts company’s stock worth $124,000 after purchasing an additional 204 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Lear Corporation during the second quarter worth approximately $126,000. Finally, Parallel Advisors LLC increased its position in shares of Lear Corporation by 3.9% during the second quarter. Parallel Advisors LLC now owns 1,117 shares of the auto parts company’s stock worth $166,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

In related news, Director Jonathan F. Foster sold 2,854 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $173.39, for a total value of $494,855.06. Following the transaction, the director now owns 7,761 shares in the company, valued at $1,345,679.79. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Henry D. G. Wallace sold 4,139 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $166.71, for a total value of $690,012.69. Following the completion of the transaction, the director now owns 4,100 shares in the company, valued at approximately $683,511. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,404 shares of company stock worth $1,601,681. 0.49% of the stock is currently owned by insiders.

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A number of equities analysts have weighed in on the company. Cowen and Company reissued a “buy” rating and set a $196.00 price objective on shares of Lear Corporation in a research note on Friday. UBS AG lowered Lear Corporation from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $158.00 to $182.00 in a research note on Tuesday, October 3rd. Zacks Investment Research raised Lear Corporation from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a research note on Wednesday, October 18th. Jefferies Group LLC assumed coverage on Lear Corporation in a research note on Thursday, September 28th. They set a “buy” rating and a $197.00 price objective on the stock. Finally, Buckingham Research lowered Lear Corporation from a “buy” rating to a “neutral” rating and set a $175.00 price objective on the stock. in a research note on Tuesday, September 26th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Lear Corporation currently has a consensus rating of “Hold” and a consensus price target of $173.13.

Shares of Lear Corporation (LEA) traded down 1.25% during midday trading on Friday, reaching $174.94. The company’s stock had a trading volume of 612,105 shares. The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 11.66 and a beta of 1.35. The firm’s 50 day moving average is $170.22 and its 200 day moving average is $150.88. Lear Corporation has a 52 week low of $112.54 and a 52 week high of $178.81.

Lear Corporation (NYSE:LEA) last issued its quarterly earnings data on Wednesday, October 25th. The auto parts company reported $3.96 EPS for the quarter, topping the Zacks’ consensus estimate of $3.80 by $0.16. The company had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Lear Corporation had a return on equity of 31.79% and a net margin of 5.79%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 earnings per share. Equities analysts forecast that Lear Corporation will post $16.79 EPS for the current fiscal year.

Lear Corporation Company Profile

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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