Axa Has $21.53 Million Holdings in Lear Corporation (LEA)

Axa grew its position in Lear Corporation (NYSE:LEA) by 8.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,419 shares of the auto parts company’s stock after purchasing an additional 10,000 shares during the quarter. Axa owned about 0.18% of Lear worth $21,534,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LEA. Toronto Dominion Bank grew its holdings in Lear by 10.9% in the second quarter. Toronto Dominion Bank now owns 852 shares of the auto parts company’s stock worth $121,000 after purchasing an additional 84 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in Lear in the second quarter worth $126,000. Global X Management Co. LLC grew its holdings in Lear by 16.5% in the second quarter. Global X Management Co. LLC now owns 1,023 shares of the auto parts company’s stock worth $145,000 after purchasing an additional 145 shares during the last quarter. Parallel Advisors LLC grew its holdings in Lear by 3.9% in the second quarter. Parallel Advisors LLC now owns 1,117 shares of the auto parts company’s stock worth $166,000 after purchasing an additional 42 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Lear in the third quarter worth $210,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the stock. KeyCorp lifted their price target on shares of Lear from $180.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Cowen assumed coverage on shares of Lear in a report on Monday, September 25th. They set an “outperform” rating and a $195.00 price objective on the stock. Deutsche Bank boosted their price objective on shares of Lear from $167.00 to $176.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research raised shares of Lear from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a report on Wednesday, October 18th. Finally, Buckingham Research lowered shares of Lear from a “buy” rating to a “neutral” rating and set a $175.00 price objective on the stock. in a report on Tuesday, September 26th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. Lear has an average rating of “Hold” and a consensus price target of $173.13.

In related news, EVP Terrence B. Larkin sold 1,137 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $177.74, for a total transaction of $202,090.38. Following the completion of the transaction, the executive vice president now directly owns 6,912 shares in the company, valued at $1,228,538.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mel Stephens sold 796 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $179.00, for a total transaction of $142,484.00. Following the transaction, the senior vice president now owns 40,000 shares of the company’s stock, valued at $7,160,000. The disclosure for this sale can be found here. Insiders have sold 7,198 shares of company stock valued at $1,256,243 over the last 90 days. 0.49% of the stock is currently owned by insiders.

Lear Corporation (NYSE:LEA) opened at $172.40 on Monday. The stock has a market cap of $11,647.52, a price-to-earnings ratio of 10.50, a P/E/G ratio of 1.44 and a beta of 1.43. Lear Corporation has a 1 year low of $131.82 and a 1 year high of $181.38. The company has a current ratio of 1.34, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48.

Lear (NYSE:LEA) last posted its earnings results on Wednesday, October 25th. The auto parts company reported $3.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.80 by $0.16. The company had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.84 billion. Lear had a net margin of 5.79% and a return on equity of 31.79%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.19 earnings per share. equities analysts anticipate that Lear Corporation will post 16.84 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Friday, December 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.16%. Lear’s dividend payout ratio is presently 12.47%.

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About Lear

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.

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Institutional Ownership by Quarter for Lear (NYSE:LEA)

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