4,462 Shares in Lear Co. (NYSE:LEA) Bought by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd purchased a new stake in shares of Lear Co. (NYSE:LEA) during the fourth quarter, Holdings Channel reports. The firm purchased 4,462 shares of the auto parts company’s stock, valued at approximately $423,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its position in shares of Lear by 39.1% during the 4th quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 120 shares during the last quarter. Lakewood Asset Management LLC grew its position in Lear by 1.3% during the fourth quarter. Lakewood Asset Management LLC now owns 9,957 shares of the auto parts company’s stock valued at $943,000 after acquiring an additional 126 shares during the last quarter. Addison Advisors LLC raised its stake in shares of Lear by 68.2% during the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 137 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Lear by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,526 shares of the auto parts company’s stock worth $385,000 after acquiring an additional 143 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Lear by 51.1% in the 4th quarter. Quadrant Capital Group LLC now owns 491 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 166 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

Insider Activity

In other Lear news, Director Rod Lache purchased 2,178 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $91.80 per share, with a total value of $199,940.40. Following the transaction, the director now directly owns 2,178 shares in the company, valued at approximately $199,940.40. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on LEA shares. Morgan Stanley decreased their target price on shares of Lear from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. StockNews.com raised Lear from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. UBS Group reduced their price target on Lear from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Evercore ISI lowered their price objective on Lear from $125.00 to $110.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Finally, Wells Fargo & Company raised their target price on shares of Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $123.36.

Lear Price Performance

Shares of NYSE LEA opened at $81.43 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.02. Lear Co. has a 1 year low of $77.23 and a 1 year high of $144.11. The company’s 50-day moving average is $94.43 and its 200 day moving average is $97.58. The stock has a market capitalization of $4.37 billion, a P/E ratio of 9.11, a P/E/G ratio of 0.49 and a beta of 1.34.

Lear (NYSE:LEA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. On average, sell-side analysts expect that Lear Co. will post 12.89 earnings per share for the current year.

Lear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.78%. The ex-dividend date was Thursday, March 6th. Lear’s dividend payout ratio is currently 34.45%.

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.