Regal Investment Advisors LLC Has $1.50 Million Position in Lear Co. (LEA)

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Regal Investment Advisors LLC boosted its holdings in Lear Co. (NYSE:LEA) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,083 shares of the auto parts company’s stock after purchasing an additional 664 shares during the quarter. Regal Investment Advisors LLC’s holdings in Lear were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LEA. Martingale Asset Management L P raised its stake in Lear by 36.1% during the first quarter. Martingale Asset Management L P now owns 38,894 shares of the auto parts company’s stock valued at $5,279,000 after buying an additional 10,317 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Lear by 135.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,425 shares of the auto parts company’s stock valued at $1,550,000 after acquiring an additional 6,575 shares during the period. Great West Life Assurance Co. Can increased its position in Lear by 26.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 122,219 shares of the auto parts company’s stock valued at $16,547,000 after acquiring an additional 25,742 shares during the period. FormulaFolio Investments LLC acquired a new stake in Lear in the 1st quarter valued at approximately $301,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Lear by 8.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 283,994 shares of the auto parts company’s stock valued at $38,541,000 after acquiring an additional 23,282 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

LEA has been the topic of several analyst reports. Longbow Research restated a “buy” rating and issued a $190.00 target price on shares of Lear in a research report on Wednesday, April 10th. Zacks Investment Research upgraded Lear from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research report on Tuesday, February 5th. Morgan Stanley set a $185.00 target price on Lear and gave the company a “buy” rating in a research report on Tuesday, January 29th. Goldman Sachs Group restated a “buy” rating and issued a $182.00 target price (up from $163.00) on shares of Lear in a research report on Monday, January 28th. Finally, Seaport Global Securities initiated coverage on Lear in a research report on Wednesday, February 13th. They issued a “buy” rating and a $199.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $175.07.

Shares of NYSE LEA opened at $126.04 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.34 and a quick ratio of 1.10. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 2.98 and a beta of 1.32. Lear Co. has a 1 year low of $114.45 and a 1 year high of $206.36.

Lear (NYSE:LEA) last issued its quarterly earnings results on Friday, April 26th. The auto parts company reported $4.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.06 by ($0.06). The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.25 billion. Lear had a net margin of 4.94% and a return on equity of 25.28%. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $5.10 earnings per share. Equities research analysts forecast that Lear Co. will post 17.66 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, June 6th. Lear’s payout ratio is currently 16.47%.

Lear announced that its board has authorized a stock repurchase program on Thursday, February 7th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the auto parts company to repurchase up to 15.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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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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