Pictet Asset Management Holding SA Has $838,000 Stock Position in Lear Co. (NYSE:LEA)

Pictet Asset Management Holding SA boosted its stake in shares of Lear Co. (NYSE:LEA) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,852 shares of the auto parts company’s stock after purchasing an additional 1,334 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Lear were worth $838,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LEA. RWC Asset Management LLP raised its position in shares of Lear by 23.3% during the fourth quarter. RWC Asset Management LLP now owns 410,908 shares of the auto parts company’s stock valued at $38,913,000 after buying an additional 77,691 shares during the last quarter. Assetmark Inc. lifted its position in shares of Lear by 5.9% in the 4th quarter. Assetmark Inc. now owns 9,216 shares of the auto parts company’s stock worth $873,000 after acquiring an additional 515 shares during the period. New Age Alpha Advisors LLC bought a new stake in shares of Lear in the 4th quarter worth approximately $3,871,000. Barclays PLC grew its holdings in shares of Lear by 9.8% during the 3rd quarter. Barclays PLC now owns 135,049 shares of the auto parts company’s stock worth $14,742,000 after purchasing an additional 12,094 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Lear by 16.9% during the fourth quarter. Nordea Investment Management AB now owns 39,465 shares of the auto parts company’s stock valued at $3,759,000 after purchasing an additional 5,711 shares during the period. 97.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Rod Lache acquired 2,178 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $91.80 per share, with a total value of $199,940.40. Following the acquisition, the director now owns 2,178 shares of the company’s stock, valued at $199,940.40. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.79% of the company’s stock.

Lear Stock Performance

Shares of NYSE:LEA opened at $78.45 on Tuesday. The business has a fifty day moving average of $94.04 and a 200-day moving average of $97.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.32. Lear Co. has a twelve month low of $75.96 and a twelve month high of $144.11. The firm has a market cap of $4.21 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.49 and a beta of 1.34.

Lear (NYSE:LEA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.44. Lear had a net margin of 2.17% and a return on equity of 14.70%. On average, equities research analysts predict that Lear Co. will post 12.89 EPS for the current fiscal year.

Lear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 6th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Thursday, March 6th. Lear’s dividend payout ratio (DPR) is presently 34.45%.

Analyst Ratings Changes

LEA has been the topic of a number of recent research reports. Cowen downgraded shares of Lear from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. TD Cowen lowered shares of Lear from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a research report on Friday, March 7th. Wells Fargo & Company increased their price target on shares of Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their price objective on Lear from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, UBS Group dropped their target price on Lear from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $123.36.

Lear Company 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.