Lear Corporation (NYSE:LEA) Position Maintained by BKD Wealth Advisors LLC

BKD Wealth Advisors LLC continued to hold its stake in shares of Lear Corporation (NYSE:LEA) during the second quarter, Holdings Channel reports. The institutional investor owned 2,618 shares of the auto parts company’s stock at the end of the second quarter. BKD Wealth Advisors LLC’s holdings in Lear Corporation were worth $372,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in LEA. Comerica Bank raised its stake in shares of Lear Corporation by 15.7% in the fourth quarter. Comerica Bank now owns 9,740 shares of the auto parts company’s stock worth $1,396,000 after buying an additional 1,321 shares during the last quarter. Vident Investment Advisory LLC raised its stake in shares of Lear Corporation by 7.4% in the fourth quarter. Vident Investment Advisory LLC now owns 22,240 shares of the auto parts company’s stock worth $2,944,000 after buying an additional 1,525 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Lear Corporation during the fourth quarter worth about $941,000. Pegasus Partners Ltd. raised its stake in shares of Lear Corporation by 2.3% in the fourth quarter. Pegasus Partners Ltd. now owns 7,695 shares of the auto parts company’s stock worth $1,019,000 after buying an additional 170 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Lear Corporation during the fourth quarter worth about $681,000. 96.92% of the stock is currently owned by institutional investors.

Shares of Lear Corporation (LEA) traded up 0.90% during trading on Monday, hitting $146.27. 446,038 shares of the company were exchanged. The company’s 50-day moving average price is $144.38 and its 200 day moving average price is $140.99. The stock has a market cap of $10.08 billion, a P/E ratio of 10.18 and a beta of 1.31. Lear Corporation has a 12 month low of $103.33 and a 12 month high of $153.28.

Lear Corporation (NYSE:LEA) last issued its earnings results on Wednesday, April 26th. The auto parts company reported $4.27 EPS for the quarter, beating the Zacks’ consensus estimate of $3.95 by $0.32. Lear Corporation had a net margin of 5.46% and a return on equity of 32.76%. The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.93 billion. During the same quarter last year, the firm posted $3.40 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts predict that Lear Corporation will post $16.06 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. Stockholders of record on Friday, June 9th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Wednesday, June 7th. Lear Corporation’s dividend payout ratio is presently 13.90%.

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LEA has been the topic of a number of research analyst reports. Zacks Investment Research lowered Lear Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 28th. Berenberg Bank assumed coverage on shares of Lear Corporation in a research note on Friday, March 31st. They issued a “buy” rating and a $175.00 price target for the company. Royal Bank of Canada restated a “hold” rating and issued a $148.00 price target on shares of Lear Corporation in a research note on Monday, April 10th. Robert W. Baird upgraded shares of Lear Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $160.00 to $161.00 in a research note on Thursday, April 20th. Finally, Barclays PLC restated an “equal weight” rating and issued a $134.00 price target (down previously from $138.00) on shares of Lear Corporation in a research note on Saturday, April 22nd. Four analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Lear Corporation currently has a consensus rating of “Hold” and a consensus price target of $145.54.

In related news, Director Greg C. Smith sold 2,266 shares of Lear Corporation stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $145.12, for a total transaction of $328,841.92. Following the sale, the director now owns 13,885 shares of the company’s stock, valued at approximately $2,014,991.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

About Lear Corporation

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 Corporation (NYSE:LEA)

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