Mitsubishi UFJ Trust & Banking Corp Has $9.44 Million Stock Holdings in Lear Co. (NYSE:LEA)

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Lear Co. (NYSE:LEA) by 11.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,575 shares of the auto parts company’s stock after acquiring an additional 8,729 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.14% of Lear worth $9,438,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wedge Capital Management L L P NC lifted its stake in Lear by 11.8% in the second quarter. Wedge Capital Management L L P NC now owns 125,983 shares of the auto parts company’s stock valued at $13,735,000 after acquiring an additional 13,339 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Lear by 28.9% in the first quarter. BNP Paribas Arbitrage SA now owns 51,542 shares of the auto parts company’s stock worth $4,188,000 after buying an additional 11,565 shares during the last quarter. Swiss National Bank lifted its stake in shares of Lear by 1.9% in the second quarter. Swiss National Bank now owns 227,252 shares of the auto parts company’s stock worth $24,775,000 after buying an additional 4,300 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Lear in the first quarter worth $6,108,000. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Lear by 68.9% in the first quarter. Mercer Global Advisors Inc. ADV now owns 13,277 shares of the auto parts company’s stock worth $1,079,000 after buying an additional 5,417 shares during the last quarter. Hedge funds and other institutional investors own 94.65% of the company’s stock.

Shares of Lear stock opened at $109.16 on Wednesday. The firm has a market capitalization of $6.54 billion, a PE ratio of 44.56, a price-to-earnings-growth ratio of 6.33 and a beta of 1.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.26 and a quick ratio of 1.00. The company’s fifty day moving average price is $116.84 and its two-hundred day moving average price is $104.50. Lear Co. has a 52-week low of $63.20 and a 52-week high of $143.50.

Lear (NYSE:LEA) last announced its quarterly earnings results on Tuesday, August 4th. The auto parts company reported ($4.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($4.98) by $0.84. Lear had a net margin of 0.75% and a return on equity of 5.95%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm posted $3.78 EPS. The business’s revenue for the quarter was down 51.2% on a year-over-year basis. Analysts predict that Lear Co. will post 2.8 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on LEA. Credit Suisse Group boosted their price objective on shares of Lear from $138.00 to $143.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Benchmark boosted their price objective on shares of Lear from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Barclays upped their target price 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. Morgan Stanley upped their target price on shares of Lear from $86.00 to $93.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Finally, Citigroup upped their target price 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $113.81.

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 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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