Oak Thistle LLC Purchases Shares of 5,876 Lear Corporation $LEA

Oak Thistle LLC acquired a new position in shares of Lear Corporation (NYSE:LEA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,876 shares of the auto parts company’s stock, valued at approximately $591,000.

Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc increased its position in Lear by 1,384.2% during the 2nd quarter. IFP Advisors Inc now owns 282 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 263 shares during the period. WealthCollab LLC bought a new stake in shares of Lear in the 2nd quarter valued at $28,000. WPG Advisers LLC bought a new stake in shares of Lear in the 1st quarter valued at $39,000. Bessemer Group Inc. increased its position in shares of Lear by 100.0% during the second quarter. Bessemer Group Inc. now owns 454 shares of the auto parts company’s stock worth $43,000 after buying an additional 227 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in Lear by 610.0% during the second quarter. Parkside Financial Bank & Trust now owns 639 shares of the auto parts company’s stock worth $61,000 after buying an additional 549 shares during the last quarter. 97.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lear news, CFO Jason M. Cardew sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $118.17, for a total value of $590,850.00. Following the transaction, the chief financial officer directly owned 15,244 shares of the company’s stock, valued at approximately $1,801,383.48. This trade represents a 24.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of Lear from $112.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 9th. Evercore ISI boosted their price objective on Lear from $110.00 to $120.00 and gave the company an “in-line” rating in a research note on Monday, November 24th. UBS Group decreased their target price on Lear from $109.00 to $106.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Barclays boosted their price target on Lear from $120.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Finally, The Goldman Sachs Group set a $104.00 price objective on shares of Lear in a research report on Monday, September 29th. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $119.80.

Lear Stock Up 1.4%

LEA stock opened at $118.84 on Friday. The stock’s 50 day simple moving average is $106.47 and its 200 day simple moving average is $102.95. The company has a market cap of $6.16 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.05 and a current ratio of 1.35. Lear Corporation has a fifty-two week low of $73.85 and a fifty-two week high of $119.01.

Lear (NYSE:LEA) last announced its quarterly earnings data on Friday, October 31st. The auto parts company reported $2.79 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.03. Lear had a return on equity of 13.44% and a net margin of 1.92%.The firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.63 billion. During the same quarter last year, the firm posted $2.89 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, research analysts expect that Lear Corporation will post 12.89 earnings per share for the current fiscal year.

Lear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Wednesday, December 10th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, December 10th. Lear’s payout ratio is 37.65%.

Lear Profile

Lear Corporation (NYSE: LEA) is a global supplier of automotive seating and electrical distribution systems. The company designs, engineers and manufactures complete seat systems, seat components and power solutions for major vehicle manufacturers. Its electrical business delivers modules and components for battery management, infotainment, body and safety electronics, as well as advanced connectivity and electrification solutions.

The seating division develops lightweight, ergonomic seat structures, trim and mechanisms that address comfort, safety and environmental targets.