Zurcher Kantonalbank Zurich Cantonalbank Has $1.33 Million Stock Holdings in Lear Co. (NYSE:LEA)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Lear Co. (NYSE:LEA) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,992 shares of the auto parts company’s stock after buying an additional 1,291 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Lear were worth $1,325,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in Lear by 187.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock worth $27,000 after buying an additional 187 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Lear during the third quarter worth $34,000. Addison Advisors LLC lifted its holdings in Lear by 68.2% in the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock valued at $32,000 after buying an additional 137 shares during the period. UMB Bank n.a. boosted its position in Lear by 233.3% during the fourth quarter. UMB Bank n.a. now owns 410 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 287 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Lear during the 3rd quarter worth about $50,000. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LEA. Wells Fargo & Company upped their target price on Lear from $99.00 to $103.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. UBS Group decreased their target price on Lear from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Morgan Stanley decreased their target price on Lear from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. JPMorgan Chase & Co. decreased their target price on Lear from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Cowen cut Lear from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Lear currently has a consensus rating of “Hold” and a consensus target price of $123.36.

Insider Buying and Selling

In other Lear news, Director Rod Lache purchased 2,178 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $91.80 per share, for a total transaction of $199,940.40. Following the completion of the acquisition, the director now owns 2,178 shares of the company’s stock, valued at $199,940.40. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.79% of the stock is currently owned by corporate insiders.

Lear Stock Up 0.8 %

LEA stock opened at $96.35 on Wednesday. Lear Co. has a twelve month low of $86.28 and a twelve month high of $147.11. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average is $95.23 and its 200-day moving average is $99.22. The firm has a market capitalization of $5.17 billion, a PE ratio of 10.78, a P/E/G ratio of 0.49 and a beta of 1.44.

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

Lear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 6th will be issued a $0.77 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.20%. Lear’s dividend payout ratio is presently 34.45%.

About Lear

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.