Lenox Wealth Management Inc. Purchases 403 Shares of Lear Co. (NYSE:LEA)

Lenox Wealth Management Inc. boosted its position in shares of Lear Co. (NYSE:LEA) by 9.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,786 shares of the auto parts company’s stock after purchasing an additional 403 shares during the period. Lenox Wealth Management Inc.’s holdings in Lear were worth $564,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Meeder Asset Management Inc. increased its position in Lear by 0.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 12,529 shares of the auto parts company’s stock valued at $1,477,000 after acquiring an additional 90 shares in the last quarter. World Asset Management Inc increased its position in Lear by 3.1% in the 2nd quarter. World Asset Management Inc now owns 3,037 shares of the auto parts company’s stock valued at $423,000 after acquiring an additional 91 shares in the last quarter. Bessemer Group Inc. increased its position in Lear by 4.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,195 shares of the auto parts company’s stock valued at $306,000 after acquiring an additional 94 shares in the last quarter. HighTower Advisors LLC increased its position in Lear by 1.0% in the 2nd quarter. HighTower Advisors LLC now owns 9,159 shares of the auto parts company’s stock valued at $1,277,000 after acquiring an additional 95 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in Lear by 1.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 8,759 shares of the auto parts company’s stock valued at $1,220,000 after acquiring an additional 100 shares in the last quarter. 89.94% of the stock is owned by hedge funds and other institutional investors.

NYSE LEA traded down $0.34 during trading on Friday, reaching $129.11. 337,334 shares of the stock traded hands, compared to its average volume of 638,195. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 3.72 and a beta of 1.46. The stock’s 50-day moving average price is $118.73 and its 200 day moving average price is $126.29. The company has a quick ratio of 1.08, a current ratio of 1.35 and a debt-to-equity ratio of 0.53. Lear Co. has a fifty-two week low of $105.10 and a fifty-two week high of $160.00.

Lear (NYSE:LEA) last announced its quarterly earnings results on Friday, October 25th. The auto parts company reported $3.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.14 by $0.40. Lear had a net margin of 4.21% and a return on equity of 22.07%. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same quarter in the previous year, the firm posted $4.09 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. Analysts anticipate that Lear Co. will post 13.61 EPS for the current fiscal year.

Several research firms have weighed in on LEA. Royal Bank of Canada cut shares of Lear from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $160.00 to $135.00 in a research report on Wednesday, July 17th. UBS Group cut shares of Lear from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $158.00 to $135.00 in a research report on Thursday, September 12th. Citigroup lowered their price objective on shares of Lear from $144.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Robert W. Baird cut shares of Lear from an “outperform” rating to a “neutral” rating and set a $155.00 price target for the company. in a research report on Friday, October 25th. Finally, ValuEngine upgraded shares of Lear from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Lear has a consensus rating of “Hold” and an average price target of $151.07.

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 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.

Recommended Story: What is the definition of arbitrage?

Institutional Ownership by Quarter for Lear (NYSE:LEA)

Receive News & Ratings for Lear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear and related companies with MarketBeat.com's FREE daily email newsletter.