Lear Co. (NYSE:LEA) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its position in Lear Co. (NYSE:LEA) by 99.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 450 shares of the auto parts company’s stock after selling 77,144 shares during the quarter. Hantz Financial Services Inc.’s holdings in Lear were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Lear by 9.8% during the third quarter. Barclays PLC now owns 135,049 shares of the auto parts company’s stock valued at $14,742,000 after buying an additional 12,094 shares during the period. Nordea Investment Management AB lifted its stake in shares of Lear by 16.9% during the 4th quarter. Nordea Investment Management AB now owns 39,465 shares of the auto parts company’s stock worth $3,759,000 after purchasing an additional 5,711 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Lear during the third quarter worth $1,946,000. Retirement Systems of Alabama grew its position in shares of Lear by 7.3% in the third quarter. Retirement Systems of Alabama now owns 144,282 shares of the auto parts company’s stock valued at $15,748,000 after purchasing an additional 9,774 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Lear by 39.9% in the third quarter. Victory Capital Management Inc. now owns 21,221 shares of the auto parts company’s stock valued at $2,316,000 after purchasing an additional 6,055 shares during the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Lear Stock Performance

Lear stock opened at $94.12 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.33. Lear Co. has a one year low of $90.03 and a one year high of $147.11. The stock’s 50 day moving average price is $96.03 and its 200 day moving average price is $103.85. The firm has a market capitalization of $5.11 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 0.61 and a beta of 1.43.

Lear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 11th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Wednesday, December 11th. Lear’s payout ratio is 32.39%.

Wall Street Analyst Weigh In

Several analysts have commented on LEA shares. Barclays lowered their price target on Lear from $120.00 to $115.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their price target on shares of Lear from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. StockNews.com upgraded shares of Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Morgan Stanley dropped their price objective on Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Finally, Bank of America lowered their price target on Lear from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $132.18.

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 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.