Lenox Wealth Management Inc. Boosts Stock Holdings in Lear Co. (NYSE:LEA)

Lenox Wealth Management Inc. boosted its position in shares of Lear Co. (NYSE:LEA) by 9.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,786 shares of the auto parts company’s stock after buying an additional 403 shares during the period. Lenox Wealth Management Inc.’s holdings in Lear were worth $564,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LEA. Pensionfund DSM Netherlands acquired a new stake in Lear in the second quarter valued at $2,507,000. Pensionfund Sabic purchased a new position in shares of Lear during the second quarter worth about $1,671,000. Denali Advisors LLC grew its holdings in shares of Lear by 26.7% during the second quarter. Denali Advisors LLC now owns 58,300 shares of the auto parts company’s stock worth $8,119,000 after buying an additional 12,300 shares during the last quarter. Empirical Finance LLC grew its holdings in shares of Lear by 0.9% during the second quarter. Empirical Finance LLC now owns 16,172 shares of the auto parts company’s stock worth $2,252,000 after buying an additional 141 shares during the last quarter. Finally, Scout Investments Inc. grew its holdings in shares of Lear by 470.8% during the second quarter. Scout Investments Inc. now owns 174,487 shares of the auto parts company’s stock worth $24,301,000 after buying an additional 143,917 shares during the last quarter. Institutional investors own 89.94% of the company’s stock.

NYSE:LEA traded down $0.34 during mid-day trading on Friday, reaching $129.11. The stock had a trading volume of 337,334 shares, compared to its average volume of 638,195. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.35. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 3.72 and a beta of 1.46. Lear Co. has a twelve month low of $105.10 and a twelve month high of $160.00. The business has a 50 day simple moving average of $118.73 and a 200 day simple moving average of $126.29.

Lear (NYSE:LEA) last announced its quarterly earnings data on Friday, October 25th. The auto parts company reported $3.54 EPS for the quarter, beating the Zacks’ consensus estimate of $3.14 by $0.40. The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.76 billion. Lear had a net margin of 4.21% and a return on equity of 22.07%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $4.09 earnings per share. As a group, sell-side analysts expect that Lear Co. will post 13.61 earnings per share for the current year.

LEA has been the topic of a number of research reports. Citigroup lowered their price target on Lear from $144.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. TheStreet lowered Lear from a “b-” rating to a “c+” rating in a report on Friday, August 23rd. Buckingham Research lowered their price target on Lear from $140.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. Barclays lowered their price target on Lear from $117.00 to $107.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Finally, UBS Group lowered Lear from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $158.00 to $135.00 in a report on Thursday, September 12th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $151.07.

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 worldwide. It operates in two segments, Seating and E-Systems. The Seating segment offers leather and fabric products, seat trim covers, recliner mechanisms, seat tracks and foams, seat structures and mechanisms, and headrests for automobiles and light trucks, compact cars, and sport utility vehicles; and heating and cooling systems.

See Also: Understanding the Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for Lear (NYSE:LEA)

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