Public Employees Retirement Association of Colorado Increases Stake in Lear Co. (LEA)

Public Employees Retirement Association of Colorado increased its holdings in Lear Co. (NYSE:LEA) by 3.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,930 shares of the auto parts company’s stock after purchasing an additional 433 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Lear were worth $2,284,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Boston Partners raised its holdings in Lear by 138.6% during the 3rd quarter. Boston Partners now owns 1,169,464 shares of the auto parts company’s stock valued at $202,411,000 after buying an additional 679,345 shares during the last quarter. Nordea Investment Management AB raised its holdings in Lear by 16,648.5% during the 3rd quarter. Nordea Investment Management AB now owns 381,865 shares of the auto parts company’s stock valued at $66,093,000 after buying an additional 379,585 shares during the last quarter. Capital Growth Management LP bought a new stake in Lear during the 3rd quarter valued at $27,693,000. APG Asset Management N.V. raised its holdings in Lear by 25.3% during the 3rd quarter. APG Asset Management N.V. now owns 788,621 shares of the auto parts company’s stock valued at $136,495,000 after buying an additional 159,000 shares during the last quarter. Finally, Seminole Management Co. Inc. bought a new stake in Lear during the 3rd quarter valued at $23,472,000. 92.28% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the stock. Deutsche Bank upgraded shares of Lear from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a report on Wednesday, February 7th. ValuEngine upgraded shares of Lear from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 8th. Citigroup reiterated a “buy” rating and set a $234.00 price target (up from $202.00) on shares of Lear in a report on Wednesday. Zacks Investment Research upgraded shares of Lear from a “hold” rating to a “buy” rating and set a $221.00 price target for the company in a report on Thursday, February 1st. Finally, Jefferies Group reiterated a “buy” rating and set a $231.00 price target on shares of Lear in a report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Lear presently has a consensus rating of “Buy” and a consensus price target of $192.06.

Lear Co. (LEA) opened at $192.16 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.36 and a quick ratio of 1.11. Lear Co. has a 1-year low of $132.01 and a 1-year high of $202.42. The company has a market cap of $12,980.00, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.47.

Lear (NYSE:LEA) last issued its quarterly earnings data on Friday, January 26th. The auto parts company reported $4.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.25 by $0.13. Lear had a net margin of 6.42% and a return on equity of 30.32%. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.27 billion. During the same period in the prior year, the business earned $3.80 EPS. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. sell-side analysts predict that Lear Co. will post 18.87 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Wednesday, March 7th will be issued a $0.70 dividend. This is a positive change from Lear’s previous quarterly dividend of $0.50. This represents a $2.80 annualized dividend and a yield of 1.46%. Lear’s dividend payout ratio is 10.54%.

In other news, SVP Mel Stephens sold 796 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $179.00, for a total value of $142,484.00. Following the sale, the senior vice president now directly owns 40,000 shares of the company’s stock, valued at approximately $7,160,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Terrence B. Larkin sold 1,137 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $177.74, for a total transaction of $202,090.38. Following the completion of the sale, the executive vice president now directly owns 6,912 shares in the company, valued at $1,228,538.88. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

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Lear 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.

Institutional Ownership by Quarter for Lear (NYSE:LEA)

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