Lear Corporation (LEA) Position Raised by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Lear Corporation (NYSE:LEA) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,744 shares of the company’s stock after purchasing an additional 656 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Lear Corporation were worth $1,686,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in LEA. New York State Teachers Retirement System raised its holdings in Lear Corporation by 1.5% during the first quarter. New York State Teachers Retirement System now owns 6,600 shares of the company’s stock worth $934,000 after purchasing an additional 100 shares in the last quarter. Atria Investments LLC bought a new position in shares of Lear Corporation in the second quarter valued at $293,000. Creative Planning increased its holdings in shares of Lear Corporation by 4.5% in the second quarter. Creative Planning now owns 3,846 shares of the company’s stock valued at $546,000 after buying an additional 167 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Lear Corporation by 1.3% in the second quarter. State of Alaska Department of Revenue now owns 1,574 shares of the company’s stock valued at $223,000 after buying an additional 20 shares in the last quarter. Finally, National Pension Service increased its holdings in shares of Lear Corporation by 10.5% in the second quarter. National Pension Service now owns 83,848 shares of the company’s stock valued at $11,702,000 after buying an additional 7,945 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.
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LEA has been the topic of several research reports. Zacks Investment Research raised Lear Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Robert W. Baird reaffirmed a “buy” rating and issued a $178.00 price target on shares of Lear Corporation in a report on Friday, September 1st. KeyCorp upped their price target on Lear Corporation from $180.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 13th. BidaskClub cut Lear Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada raised Lear Corporation from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $183.00 to $213.00 in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of C$173.13.
Lear Corporation (NYSE LEA) opened at C$175.43 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 1.34. Lear Corporation has a fifty-two week low of C$117.53 and a fifty-two week high of C$178.80. The company has a market cap of $11,852.18, a price-to-earnings ratio of 10.68, a PEG ratio of 1.46 and a beta of 1.44.
Lear Corporation (NYSE:LEA) last posted its quarterly earnings results on Wednesday, October 25th. The company reported C$3.96 EPS for the quarter, beating the consensus estimate of C$3.80 by C$0.16. Lear Corporation had a net margin of 5.79% and a return on equity of 31.79%. The business had revenue of C$4.98 billion for the quarter, compared to analysts’ expectations of C$4.84 billion. During the same period in the previous year, the company posted $3.19 EPS. Lear Corporation’s revenue was up 10.1% on a year-over-year basis. sell-side analysts predict that Lear Corporation will post 16.84 earnings per share for the current year.
In other news, Director Jonathan F. Foster sold 2,854 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of C$173.39, for a total transaction of C$494,855.06. Following the transaction, the director now directly owns 7,761 shares in the company, valued at approximately C$1,345,679.79. The transaction was disclosed in a 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 on Monday, September 18th. The shares were sold at an average price of C$166.71, for a total transaction of C$690,012.69. Following the transaction, the director now owns 4,100 shares in the company, valued at C$683,511. The disclosure for this sale can be found here. Over 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 corporate insiders.
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.
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