Coldstream Capital Management Inc. Purchases Shares of 1,567 Lear Co. (NYSE:LEA)

Coldstream Capital Management Inc. purchased a new stake in shares of Lear Co. (NYSE:LEA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,567 shares of the auto parts company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Lear by 0.8% during the third quarter. Vanguard Group Inc. now owns 5,912,006 shares of the auto parts company’s stock valued at $793,391,000 after purchasing an additional 45,567 shares during the last quarter. FMR LLC grew its holdings in Lear by 17.9% during the third quarter. FMR LLC now owns 1,896,871 shares of the auto parts company’s stock valued at $254,560,000 after purchasing an additional 287,483 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Lear by 13.8% in the fourth quarter. Nordea Investment Management AB now owns 1,237,016 shares of the auto parts company’s stock worth $174,382,000 after acquiring an additional 149,958 shares during the last quarter. Boston Partners grew its stake in shares of Lear by 66.5% in the fourth quarter. Boston Partners now owns 981,669 shares of the auto parts company’s stock worth $138,595,000 after acquiring an additional 391,949 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Lear by 236.2% in the third quarter. Invesco Ltd. now owns 577,690 shares of the auto parts company’s stock worth $77,526,000 after acquiring an additional 405,875 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Lear Stock Up 1.5 %

Shares of NYSE LEA opened at $125.71 on Monday. The stock has a market cap of $7.14 billion, a PE ratio of 13.71, a PEG ratio of 0.33 and a beta of 1.55. The business has a fifty day moving average of $135.04 and a two-hundred day moving average of $135.47. Lear Co. has a 52-week low of $121.38 and a 52-week high of $157.90. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.04 and a current ratio of 1.33.

Lear (NYSE:LEA) last issued its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.14. Lear had a return on equity of 14.47% and a net margin of 2.28%. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the business earned $2.78 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts expect that Lear Co. will post 14.32 earnings per share for the current fiscal year.

Lear Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Thursday, June 6th will be issued a $0.77 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.45%. Lear’s dividend payout ratio is 33.59%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LEA. Barclays lowered their price objective on shares of Lear from $175.00 to $165.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. UBS Group lowered their price objective on shares of Lear from $146.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Lear from $177.00 to $179.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. StockNews.com upgraded shares of Lear from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. Finally, Morgan Stanley upgraded shares of Lear from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $150.00 to $160.00 in a research note on Friday, May 10th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Lear currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.44.

Insider Activity at Lear

In related news, Director Greg C. Smith sold 2,392 shares of Lear stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $123.86, for a total value of $296,273.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Jason M. Cardew sold 2,750 shares of Lear stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $140.81, for a total value of $387,227.50. Following the completion of the sale, the chief financial officer now directly owns 17,506 shares in the company, valued at $2,465,019.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Greg C. Smith sold 2,392 shares of Lear stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $123.86, for a total value of $296,273.12. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by company insiders.

About Lear

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.