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Citigroup Inc. lowered its holdings in Lear Co. (NYSE:LEA – Unfastened Record) via 11.0% within the third quarter, consistent with its most up-to-date disclosure with the Securities and Trade Fee. The fund owned 23,534 stocks of the automobile portions corporate’s inventory after promoting 2,898 stocks all the way through the quarter. Citigroup Inc.’s holdings in Lear had been value $3,158,000 as of its most up-to-date submitting with the Securities and Trade Fee.
A number of different institutional buyers have additionally just lately added to or lowered their stakes within the industry. BlackRock Inc. higher its stake in Lear via 2.7% all the way through the primary quarter. BlackRock Inc. now owns 8,792,397 stocks of the automobile portions corporate’s inventory value $1,226,452,000 after obtaining an extra 227,230 stocks all the way through the closing quarter. Forefront Crew Inc. higher its stake in Lear via 0.4% all the way through the 3rd quarter. Forefront Crew Inc. now owns 5,645,810 stocks of the automobile portions corporate’s inventory value $675,747,000 after obtaining an extra 20,874 stocks all the way through the closing quarter. Capital World Buyers higher its stake in Lear via 47.9% all the way through the primary quarter. Capital World Buyers now owns 3,064,807 stocks of the automobile portions corporate’s inventory value $437,259,000 after obtaining an extra 993,216 stocks all the way through the closing quarter. State Side road Corp higher its stake in Lear via 0.5% all the way through the primary quarter. State Side road Corp now owns 2,463,244 stocks of the automobile portions corporate’s inventory value $351,234,000 after obtaining an extra 12,072 stocks all the way through the closing quarter. In the end, Diamond Hill Capital Control Inc. higher its stake in Lear via 44.5% all the way through the second one quarter. Diamond Hill Capital Control Inc. now owns 2,049,053 stocks of the automobile portions corporate’s inventory value $294,142,000 after obtaining an extra 630,677 stocks all the way through the closing quarter. 97.04% of the inventory is lately owned via institutional buyers and hedge finances.
Insider Transactions at Lear
In different information, CEO Raymond E. Scott offered 10,652 stocks of Lear inventory in a transaction that passed off on Friday, February ninth. The inventory was once offered at a mean value of $132.86, for a complete worth of $1,415,224.72. Following the finishing touch of the transaction, the manager government officer now owns 13,627 stocks within the corporate, valued at roughly $1,810,483.22. The sale was once disclosed in a criminal submitting with the SEC, which is to be had thru this link. In similar information, CEO Raymond E. Scott offered 10,652 stocks of the industry’s inventory in a transaction that passed off on Friday, February ninth. The inventory was once offered at a mean value of $132.86, for a complete transaction of $1,415,224.72. Following the finishing touch of the transaction, the manager government officer now owns 13,627 stocks within the corporate, valued at roughly $1,810,483.22. The transaction was once disclosed in a criminal submitting with the Securities & Trade Fee, which is to be had at the SEC web site. Additionally, CEO Raymond E. Scott offered 2,977 stocks of the industry’s inventory in a transaction that passed off on Monday, January eighth. The stocks had been offered at a mean value of $135.26, for a complete worth of $402,669.02. Following the transaction, the manager government officer now owns 2,976 stocks of the corporate’s inventory, valued at roughly $402,533.76. The disclosure for this sale can also be discovered right here. Insiders personal 0.75% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of equities analysis analysts have commented at the corporate. JPMorgan Chase & Co. dropped their value goal on Lear from $195.00 to $179.00 and set an “obese” ranking for the corporate in a analysis word on Thursday, January twenty fifth. Benchmark higher their goal value on Lear from $188.00 to $200.00 and gave the corporate a “purchase” ranking in a analysis word on Tuesday, January 2d. Wells Fargo & Corporate higher their goal value on Lear from $130.00 to $134.00 and gave the corporate an “equivalent weight” ranking in a analysis word on Wednesday, February seventh. StockNews.com diminished Lear from a “purchase” ranking to a “hang” ranking in a analysis word on Wednesday. In the end, Barclays diminished their goal value on Lear from $175.00 to $170.00 and set an “obese” ranking for the corporate in a analysis word on Wednesday, January twenty fourth. 5 analysis analysts have rated the inventory with a hang ranking and 5 have issued a purchase ranking to the inventory. In step with MarketBeat.com, the corporate at this time has a consensus ranking of “Reasonable Purchase” and a mean value goal of $160.22.
Lear Buying and selling Down 0.7 %
Stocks of LEA opened at $135.11 on Thursday. The corporate has a marketplace capitalization of $7.71 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.32 and a beta of one.53. Lear Co. has a twelve months low of $117.79 and a twelve months top of $157.90. The corporate has a debt-to-equity ratio of 0.54, a handy guide a rough ratio of one.04 and a present ratio of one.35. The inventory has a 50-day transferring moderate value of $135.77 and a 200 day transferring moderate value of $136.20.
Lear (NYSE:LEA – Get Unfastened Record) closing issued its profits effects on Tuesday, February sixth. The car portions corporate reported $3.03 EPS for the quarter, lacking the consensus estimate of $3.12 via ($0.09). The company had income of $5.84 billion all the way through the quarter, in comparison to analyst estimates of $5.69 billion. Lear had a go back on fairness of 14.09% and a internet margin of two.44%. Lear’s income was once up 8.8% in comparison to the similar quarter closing 12 months. All the way through the similar quarter within the earlier 12 months, the industry posted $2.81 EPS. Promote-side analysts forecast that Lear Co. will submit 14.99 EPS for the present fiscal 12 months.
Lear Dividend Announcement
The corporate additionally just lately introduced a quarterly dividend, which can be paid on Wednesday, March twenty seventh. Stockholders of file on Friday, March eighth can be given a $0.77 dividend. The ex-dividend date is Thursday, March seventh. This represents a $3.08 annualized dividend and a dividend yield of two.28%. Lear’s payout ratio is 31.82%.
Lear Corporate Profile
Lear Company designs, develops, engineers, manufactures, assembles, and provides automobile seating, and electric distribution techniques and similar elements for automobile authentic apparatus producers in North The united states, Europe, Africa, Asia, and South The united states. Its Seating phase gives seat techniques, seat subsystems, keyseat elements, seat trim covers, seat mechanisms, seat foams, and headrests, in addition to floor fabrics, comparable to leather-based and upholstery for vehicles and light-weight vans, compact automobiles, pick-up vans, and recreation application cars.
See Additionally
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