Alpha Windward LLC Has $479,000 Position in Lear Co. (LEA)

Alpha Windward LLC raised its stake in Lear Co. (NYSE:LEA) by 22.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,306 shares of the auto parts company’s stock after purchasing an additional 600 shares during the period. Alpha Windward LLC’s holdings in Lear were worth $479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC increased its position in shares of Lear by 30.3% in the 2nd quarter. HighPoint Advisor Group LLC now owns 1,276 shares of the auto parts company’s stock worth $220,000 after purchasing an additional 297 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of Lear by 8.0% in the 2nd quarter. First Mercantile Trust Co. now owns 4,576 shares of the auto parts company’s stock worth $851,000 after purchasing an additional 340 shares during the last quarter. Vident Investment Advisory LLC increased its position in shares of Lear by 1.9% in the 2nd quarter. Vident Investment Advisory LLC now owns 19,024 shares of the auto parts company’s stock worth $3,535,000 after purchasing an additional 352 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Lear by 1.1% in the 2nd quarter. Eagle Asset Management Inc. now owns 38,545 shares of the auto parts company’s stock worth $7,162,000 after purchasing an additional 430 shares during the last quarter. Finally, Atlantic Trust Group LLC increased its position in shares of Lear by 137.6% in the 1st quarter. Atlantic Trust Group LLC now owns 815 shares of the auto parts company’s stock worth $152,000 after purchasing an additional 472 shares during the last quarter. 91.36% of the stock is owned by institutional investors.

NYSE LEA opened at $134.38 on Friday. Lear Co. has a one year low of $130.55 and a one year high of $206.36. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $9.50 billion, a PE ratio of 7.90 and a beta of 1.34.

Lear (NYSE:LEA) last posted its quarterly earnings results on Thursday, July 26th. The auto parts company reported $4.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.99 by ($0.04). Lear had a net margin of 6.31% and a return on equity of 28.84%. The business had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same period last year, the firm posted $4.39 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts forecast that Lear Co. will post 18.72 EPS for the current year.

Several research firms have recently weighed in on LEA. Barclays reissued a “hold” rating and issued a $170.00 target price on shares of Lear in a research report on Wednesday. Citigroup dropped their target price on shares of Lear from $234.00 to $214.00 and set a “buy” rating for the company in a research report on Friday, October 12th. Goldman Sachs Group raised shares of Lear from a “neutral” rating to a “buy” rating and set a $195.00 target price for the company in a research report on Thursday, October 11th. Zacks Investment Research raised shares of Lear from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, Wolfe Research began coverage on shares of Lear in a research report on Tuesday, October 2nd. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $204.38.

About Lear

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components primarily to automotive original equipment manufacturers worldwide. The company operates through Seating and E-Systems segments. The Seating segment includes seat systems and related components, such as leather and fabric products, seat trim covers, recliner mechanisms, seat tracks, seat structures and mechanisms, seat foams, and headrests primarily for automobiles and light trucks, compact cars, and sport utility vehicles, as well as thermoelectric seat heating and cooling systems.

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Institutional Ownership by Quarter for Lear (NYSE:LEA)

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