1620 Investment Advisors Inc. Acquires Shares of 1,245 Lear Co. (NYSE:LEA)

1620 Investment Advisors Inc. purchased a new position in shares of Lear Co. (NYSE:LEA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,245 shares of the auto parts company’s stock, valued at approximately $118,000.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in shares of 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 in the last quarter. Brooklyn Investment Group acquired a new position in shares of Lear during the 3rd quarter worth $34,000. Addison Advisors LLC raised its holdings in shares of Lear by 68.2% during the 4th quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock worth $32,000 after buying an additional 137 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Lear by 233.3% during the 4th quarter. UMB Bank n.a. now owns 410 shares of the auto parts company’s stock worth $39,000 after buying an additional 287 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Lear during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Lear Stock Down 1.6 %

LEA stock opened at $94.23 on Friday. The stock’s 50 day simple moving average is $95.41 and its 200 day simple moving average is $99.02. Lear Co. has a fifty-two week low of $86.28 and a fifty-two week high of $147.11. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.32. The company has a market cap of $5.05 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 0.49 and a beta of 1.44.

Lear (NYSE:LEA) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share for the quarter, topping 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%. On average, research analysts expect that Lear Co. will post 12.89 earnings per share for the current fiscal year.

Lear Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Thursday, March 6th will be paid 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 is Thursday, March 6th. Lear’s dividend payout ratio (DPR) is currently 34.45%.

Insider Buying and Selling

In related news, Director Rod Lache acquired 2,178 shares of the company’s stock in a transaction 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 purchase, the director now owns 2,178 shares in the company, valued at approximately $199,940.40. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays reduced their price objective on Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price objective on Lear from $147.00 to $143.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. UBS Group reduced their price objective on Lear from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Finally, Wells Fargo & Company boosted their price objective on Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, 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.