Versor Investments LP Sells 1,421 Shares of Lear Co. (NYSE:LEA)

Versor Investments LP decreased its stake in shares of Lear Co. (NYSE:LEA) by 32.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,000 shares of the auto parts company’s stock after selling 1,421 shares during the quarter. Versor Investments LP’s holdings in Lear were worth $284,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in shares of Lear by 187.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 187 shares during the last quarter. Addison Advisors LLC lifted its position in shares of Lear by 68.2% in the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock worth $32,000 after buying an additional 137 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Lear in the third quarter worth about $34,000. UMB Bank n.a. boosted its stake in Lear by 233.3% during the fourth quarter. UMB Bank n.a. now owns 410 shares of the auto parts company’s stock valued at $39,000 after buying an additional 287 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Lear during the 3rd quarter valued at approximately $50,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

Lear Stock Performance

Shares of NYSE:LEA opened at $91.51 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. Lear Co. has a 12 month low of $86.28 and a 12 month high of $147.11. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.49 and a beta of 1.42. The firm’s 50-day moving average is $95.04 and its 200 day moving average is $100.78.

Lear (NYSE:LEA) last released its earnings results on Thursday, February 6th. The auto parts company reported $2.94 EPS for the quarter, beating 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%. Research analysts predict that Lear Co. will post 12.89 EPS for the current year.

Lear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.77 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.08 annualized dividend and a dividend yield of 3.37%. Lear’s dividend payout ratio (DPR) is 34.45%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. UBS Group decreased their price objective on Lear from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Friday, February 7th. StockNews.com raised shares of Lear from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Barclays dropped their price objective on shares of Lear from $120.00 to $115.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Wells Fargo & Company upped their target price on shares of Lear from $99.00 to $103.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, Morgan Stanley dropped their price target on Lear from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $126.09.

Lear 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.