Lear Corporation (LEA) Holdings Boosted by Artemis Investment Management LLP

Artemis Investment Management LLP raised its position in Lear Corporation (NYSE:LEA) by 27.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,956 shares of the auto parts company’s stock after purchasing an additional 15,900 shares during the quarter. Artemis Investment Management LLP owned about 0.11% of Lear Corporation worth $12,629,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LEA. New York State Teachers Retirement System boosted its holdings in Lear Corporation by 1.5% in the 1st quarter. New York State Teachers Retirement System now owns 6,600 shares of the auto parts company’s stock valued at $934,000 after purchasing an additional 100 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in Lear Corporation in the 1st quarter valued at about $248,000. Nuveen Asset Management LLC boosted its holdings in Lear Corporation by 7.3% in the 1st quarter. Nuveen Asset Management LLC now owns 88,751 shares of the auto parts company’s stock valued at $12,565,000 after purchasing an additional 6,000 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Lear Corporation by 1.8% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 9,598 shares of the auto parts company’s stock valued at $1,359,000 after purchasing an additional 168 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its holdings in Lear Corporation by 6.5% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 20,041 shares of the auto parts company’s stock valued at $2,847,000 after purchasing an additional 1,225 shares during the last quarter. Institutional investors own 94.49% of the company’s stock.

Lear Corporation (NYSE:LEA) last announced its quarterly earnings results on Wednesday, October 25th. The auto parts company reported $3.96 earnings per share for the quarter, beating analysts’ consensus estimates of $3.80 by $0.16. The firm had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Lear Corporation had a net margin of 5.79% and a return on equity of 31.79%. Lear Corporation’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.19 earnings per share.

Several equities analysts have recently commented on the stock. Cowen and Company restated a “buy” rating and issued a $196.00 price objective on shares of Lear Corporation in a report on Friday, October 27th. UBS AG lowered shares of Lear Corporation from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $158.00 to $182.00 in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Lear Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Jefferies Group LLC assumed coverage on shares of Lear Corporation in a report on Thursday, September 28th. They issued a “buy” rating and a $197.00 price objective on the stock. Finally, Buckingham Research lowered shares of Lear Corporation from a “buy” rating to a “neutral” rating and set a $175.00 price objective on the stock. in a report on Tuesday, September 26th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Lear Corporation presently has an average rating of “Hold” and a consensus price target of $173.13.

In other news, Director Henry D. G. Wallace sold 4,139 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $166.71, for a total transaction of $690,012.69. Following the transaction, the director now directly owns 4,100 shares of the company’s stock, valued at $683,511. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mel Stephens sold 2,411 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $172.88, for a total transaction of $416,813.68. Following the transaction, the senior vice president now directly owns 44,484 shares in the company, valued at $7,690,393.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,404 shares of company stock worth $1,601,681. 0.49% of the stock is currently owned by corporate insiders.

WARNING: “Lear Corporation (LEA) Holdings Boosted by Artemis Investment Management LLP” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.com-unik.info/2017/11/03/lear-corporation-lea-holdings-boosted-by-artemis-investment-management-llp.html.

Lear Corporation 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)

What are top analysts saying about Lear Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Lear Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit