Eqis Capital Management Inc. decreased its holdings in shares of Lear Corporation (NYSE:LEA) by 5.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,778 shares of the auto parts company’s stock after selling 539 shares during the quarter. Eqis Capital Management Inc.’s holdings in Lear Corporation were worth $1,692,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its stake in Lear Corporation by 1.3% during the second quarter. State of Alaska Department of Revenue now owns 1,574 shares of the auto parts company’s stock valued at $223,000 after purchasing an additional 20 shares in the last quarter. CIBC World Markets Inc. raised its stake in Lear Corporation by 0.3% during the second quarter. CIBC World Markets Inc. now owns 12,656 shares of the auto parts company’s stock valued at $1,798,000 after purchasing an additional 40 shares in the last quarter. Parallel Advisors LLC raised its stake in Lear Corporation by 3.9% during the second quarter. Parallel Advisors LLC now owns 1,117 shares of the auto parts company’s stock valued at $166,000 after purchasing an additional 42 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in 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 valued at $118,000 after purchasing an additional 48 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Lear Corporation by 2.8% during the second quarter. Pacer Advisors Inc. now owns 2,433 shares of the auto parts company’s stock valued at $346,000 after purchasing an additional 66 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

LEA has been the topic of a number of recent research reports. UBS AG downgraded shares of Lear Corporation from a “buy” rating to a “neutral” rating and upped their price target for the company from $158.00 to $182.00 in a research note on Tuesday, October 3rd. Robert W. Baird reaffirmed a “buy” rating and set a $178.00 price target on shares of Lear Corporation in a research note on Friday, September 1st. Barclays PLC upped their price target on shares of Lear Corporation from $146.00 to $152.00 and gave the company an “equal weight” rating in a research note on Thursday, July 27th. Jefferies Group LLC initiated coverage on shares of Lear Corporation in a research note on Thursday, September 28th. They set a “buy” rating and a $197.00 price target on the stock. Finally, BidaskClub raised shares of Lear Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Lear Corporation currently has a consensus rating of “Hold” and an average target price of $167.60.

TRADEMARK VIOLATION NOTICE: “Eqis Capital Management Inc. Sells 539 Shares of Lear Corporation (LEA)” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://www.watchlistnews.com/eqis-capital-management-inc-sells-539-shares-of-lear-corporation-lea/1641306.html.

In other Lear Corporation news, Director Jonathan F. Foster sold 2,854 shares of Lear Corporation 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 completion of the transaction, the director now directly owns 7,761 shares of the company’s stock, valued at approximately $1,345,679.79. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Henry D. G. Wallace sold 4,139 shares of Lear Corporation stock in a transaction dated Monday, September 18th. The shares were 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 directly owns 4,100 shares of the company’s stock, valued at $683,511. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,404 shares of company stock valued at $1,601,681. 0.49% of the stock is currently owned by corporate insiders.

Lear Corporation (LEA) traded down 0.829% during mid-day trading on Thursday, reaching $171.615. 62,067 shares of the company were exchanged. The stock’s 50-day moving average price is $166.13 and its 200-day moving average price is $149.01. Lear Corporation has a 1-year low of $110.77 and a 1-year high of $177.24. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 11.434 and a beta of 1.35.

Lear Corporation (NYSE:LEA) last released its earnings results on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share for the quarter, beating the consensus estimate of $4.11 by $0.28. The company had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.89 billion. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. Lear Corporation’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.66 EPS. On average, equities research analysts anticipate that Lear Corporation will post $16.59 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.16%. The ex-dividend date was Tuesday, August 29th. Lear Corporation’s dividend payout ratio is currently 13.28%.

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.

Want to see what other hedge funds are holding LEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lear Corporation (NYSE:LEA).

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

Receive News & Ratings for Lear Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.