Mercer Global Advisors Inc. ADV Has $533,000 Position in Lear Co. (NYSE:LEA)

Mercer Global Advisors Inc. ADV lessened its holdings in Lear Co. (NYSE:LEA) by 24.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,628 shares of the auto parts company’s stock after selling 1,826 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Lear were worth $533,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in Lear by 187.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 187 shares during the period. Addison Advisors LLC grew its stake in shares of Lear by 68.2% in the 4th quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 137 shares during the period. UMB Bank n.a. grew its stake in shares of Lear by 233.3% in the 4th quarter. UMB Bank n.a. now owns 410 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 287 shares during the period. Brooklyn Investment Group lifted its position in shares of Lear by 39.1% during the 4th quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company’s stock worth $40,000 after buying an additional 120 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in shares of Lear by 51.1% during the 4th quarter. Quadrant Capital Group LLC now owns 491 shares of the auto parts company’s stock worth $46,000 after buying an additional 166 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

Insiders Place Their Bets

In related news, Director Rod Lache bought 2,178 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $91.80 per share, for a total transaction of $199,940.40. Following the transaction, the director now owns 2,178 shares of the company’s stock, valued at $199,940.40. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on LEA shares. Barclays lowered Lear from an “equal weight” rating to a “negative” rating in a research note on Tuesday, April 15th. TD Cowen cut shares of Lear from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a research report on Friday, March 7th. Cowen lowered shares of Lear from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. The Goldman Sachs Group set a $88.00 price objective on shares of Lear and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Finally, UBS Group boosted their target price on Lear from $83.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Lear currently has a consensus rating of “Hold” and a consensus price target of $112.00.

Lear Stock Up 4.8%

NYSE LEA opened at $94.97 on Tuesday. 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 52 week low of $73.85 and a 52 week high of $133.56. The stock has a market capitalization of $5.08 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 0.49 and a beta of 1.30. The stock has a fifty day moving average of $87.28 and a 200-day moving average of $92.96.

Lear (NYSE:LEA) last announced its quarterly earnings data on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.48. Lear had a return on equity of 14.70% and a net margin of 2.17%. The firm had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $5.47 billion. During the same period in the previous year, the business posted $3.18 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Lear Co. will post 12.89 EPS for the current year.

Lear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th were paid a $0.77 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $3.08 dividend on an annualized basis and a yield of 3.24%. Lear’s payout ratio is presently 36.11%.

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.