Teacher Retirement System of Texas raised its holdings in shares of Lear Co. (NYSE:LEA) by 3.9{3e0544090c75b66d16c3eca4d142e2092ea98ee5f79f18046a1f13abafab9023} during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,717 shares of the auto parts company’s stock after buying an additional 1,726 shares during the period. Teacher Retirement System of Texas owned about 0.08{3e0544090c75b66d16c3eca4d142e2092ea98ee5f79f18046a1f13abafab9023} of Lear worth $4,984,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LEA. Wells Fargo & Company MN lifted its position in Lear by 340.0{3e0544090c75b66d16c3eca4d142e2092ea98ee5f79f18046a1f13abafab9023} during the first quarter. Wells Fargo & Company MN now owns 1,066,923 shares of the auto parts company’s stock valued at $86,686,000 after buying an additional 824,450 shares in the last quarter. Pzena Investment Management LLC lifted its position in Lear by 15.2{3e0544090c75b66d16c3eca4d142e2092ea98ee5f79f18046a1f13abafab9023} during the first quarter. Pzena Investment Management LLC now owns 5,245,802 shares of the auto parts company’s stock valued at $426,221,000 after buying an additional 692,494 shares in the last quarter. APG Asset Management N.V. lifted its position in Lear by 89.1{3e0544090c75b66d16c3eca4d142e2092ea98ee5f79f18046a1f13abafab9023} during the first quarter. APG Asset Management N.V. now owns 861,721 shares of the auto parts company’s stock valued at $104,149,000 after buying an additional 405,925 shares in the last quarter. Ardevora Asset Management LLP acquired a new position in Lear during the second quarter valued at approximately $44,130,000. Finally, Greenhaven Associates Inc. acquired a new position in Lear during the second quarter valued at approximately $31,748,000. 93.98{3e0544090c75b66d16c3eca4d142e2092ea98ee5f79f18046a1f13abafab9023} of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:LEA opened at $114.68 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $113.47 and a 200 day simple moving average of $104.54. The firm has a market cap of $6.91 billion, a PE ratio of 46.81, a price-to-earnings-growth ratio of 5.99 and a beta of 1.61. Lear Co. has a 12-month low of $63.20 and a 12-month high of $143.50.

Lear (NYSE:LEA) last released its earnings results on Tuesday, August 4th. The auto parts company reported ($4.14) earnings per share for the quarter, beating the consensus estimate of ($4.98) by $0.84. Lear had a net margin of 0.75{3e0544090c75b66d16c3eca4d142e2092ea98ee5f79f18046a1f13abafab9023} and a return on equity of 5.95{3e0544090c75b66d16c3eca4d142e2092ea98ee5f79f18046a1f13abafab9023}. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm earned $3.78 earnings per share. The firm’s revenue for the quarter was down 51.2{3e0544090c75b66d16c3eca4d142e2092ea98ee5f79f18046a1f13abafab9023} compared to the same quarter last year. As a group, equities research analysts forecast that Lear Co. will post 2.8 EPS for the current fiscal year.

LEA has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of Lear from $104.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Jefferies Financial Group lifted their price objective on shares of Lear from $99.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Credit Suisse Group lifted their price objective on shares of Lear from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Barclays lifted their price objective on shares of Lear from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Finally, Benchmark lifted their price objective on shares of Lear from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $115.06.

Lear Profile

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers worldwide. It operates in two segments, Seating and E-Systems. The Seating segment offers leather and fabric products, seat trim covers, recliner mechanisms, seat tracks and foams, seat structures and mechanisms, and headrests for automobiles and light trucks, compact cars, and sport utility vehicles; and heating and cooling systems.

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Institutional Ownership by Quarter for Lear (NYSE:LEA)

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