New Age Alpha Advisors LLC Acquires Shares of 40,873 Lear Co. (NYSE:LEA)

New Age Alpha Advisors LLC bought a new position in shares of Lear Co. (NYSE:LEA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 40,873 shares of the auto parts company’s stock, valued at approximately $3,871,000. New Age Alpha Advisors LLC owned about 0.08% of Lear as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of LEA. Vanguard Group Inc. increased its holdings in Lear by 7.4% during the 4th quarter. Vanguard Group Inc. now owns 6,491,895 shares of the auto parts company’s stock worth $614,782,000 after purchasing an additional 447,835 shares during the last quarter. Greenhaven Associates Inc. increased its stake in shares of Lear by 1.2% in the fourth quarter. Greenhaven Associates Inc. now owns 1,842,247 shares of the auto parts company’s stock worth $174,461,000 after buying an additional 22,601 shares during the last quarter. Geode Capital Management LLC raised its holdings in Lear by 4.0% in the third quarter. Geode Capital Management LLC now owns 1,141,476 shares of the auto parts company’s stock valued at $124,621,000 after acquiring an additional 44,128 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Lear by 6.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 715,788 shares of the auto parts company’s stock valued at $78,128,000 after acquiring an additional 46,303 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Lear by 17.1% during the 4th quarter. Bank of New York Mellon Corp now owns 676,977 shares of the auto parts company’s stock worth $64,110,000 after acquiring an additional 99,072 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Insider Activity at Lear

In other news, Director Rod Lache bought 2,178 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $91.80 per share, for a total transaction of $199,940.40. Following the completion of the transaction, the director now directly owns 2,178 shares of the company’s stock, valued at approximately $199,940.40. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.79% of the stock is currently owned by insiders.

Lear Trading Down 1.7 %

Lear stock opened at $87.82 on Friday. The firm has a 50-day moving average price of $95.39 and a two-hundred day moving average price of $98.36. Lear Co. has a 52-week low of $86.28 and a 52-week high of $145.35. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.49 and a beta of 1.44. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59.

Lear (NYSE:LEA) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. Sell-side analysts expect that Lear Co. will post 12.89 earnings per share for the current year.

Lear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 6th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.51%. The ex-dividend date was Thursday, March 6th. Lear’s payout ratio is currently 34.45%.

Analysts Set New Price Targets

A number of equities analysts recently commented on LEA shares. Wells Fargo & Company lifted their price target on Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Morgan Stanley dropped their price target on Lear from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Cowen downgraded shares of Lear from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lear from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $123.36.

Lear Company Profile

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.