AM Squared Ltd Has $109,000 Position in Lear Co. (NYSE:LEA)

AM Squared Ltd lowered its stake in shares of Lear Co. (NYSE:LEA) by 67.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the auto parts company’s stock after selling 2,106 shares during the quarter. Lear comprises approximately 0.2% of AM Squared Ltd’s investment portfolio, making the stock its 29th biggest position. AM Squared Ltd’s holdings in Lear were worth $109,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LEA. Allspring Global Investments Holdings LLC grew its position in Lear by 14.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,101 shares of the auto parts company’s stock worth $304,000 after buying an additional 273 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Lear by 12.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,202 shares of the auto parts company’s stock worth $319,000 after buying an additional 240 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Lear during the first quarter worth approximately $29,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Lear by 196.2% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,135 shares of the auto parts company’s stock worth $1,323,000 after buying an additional 6,051 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in Lear by 7.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 63,026 shares of the auto parts company’s stock worth $8,791,000 after buying an additional 4,552 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com raised Lear from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. The Goldman Sachs Group reduced their target price on Lear from $144.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. TD Cowen reduced their target price on Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $132.00 target price on shares of Lear in a report on Tuesday, September 10th. Finally, Bank of America reduced their target price on Lear from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $140.25.

Lear Trading Down 0.5 %

NYSE LEA opened at $95.61 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.57. Lear Co. has a twelve month low of $94.29 and a twelve month high of $147.11. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 0.53 and a beta of 1.46. The business’s fifty day moving average is $103.66 and its 200 day moving average is $113.78.

Lear (NYSE:LEA) last released its quarterly earnings data on Thursday, October 24th. The auto parts company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.32. The company had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.52 billion. Lear had a return on equity of 14.68% and a net margin of 2.33%. Lear’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $2.87 EPS. As a group, sell-side analysts expect that Lear Co. will post 12.19 EPS for the current fiscal year.

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.