Stevens Capital Management LP Has $3.98 Million Holdings in Lear Corporation (LEA)

Marco Green
September 23, 2017

Stocks of Lear Corporation (LEA) started trading at 166.30 on early Wednesday. the share has a valuation of $11.32 B, a price to earnings ratio of 11.08 along with a stock beta of 1.31. Cypress Capital Management Llc sold 33,635 shares as Lear Corp (LEA)'s stock rose 0.77%.

The bad news is analysts don't believe there's a room for Lear Corporation (LEA) to move in the upward direction.

Blue Fin Capital Inc increased its stake in Facebook Inc Cl A (FB) by 8.21% based on its latest 2017Q2 regulatory filing with the SEC. The firm had revenue of $5.12 billion for the quarter, compared to analysts' expectations of $4.89 billion.

Shares of Lear Corporation (LEA) opened at 166.65 on Tuesday. Blue Fin Capital Inc bought 2,057 shares as the company's stock rose 10.88% with the market. Achmea Investment Management B.V. acquired a new position in Lear Corporation during the first quarter worth about $3,302,000. Perigon Wealth Management, LLC now holds 250 shares worth $36,000. Global X Management Co. LLC increased its position in shares of Lear Corporation by 30.3% during the first quarter. Following the completion of the sale, the director now directly owns 4,100 shares of the company's stock, valued at approximately $683,511. Bessemer Inc holds 0% of its portfolio in Lear Corporation (NYSE:LEA) for 51 shares. Eaton Vance invested in 7,250 shares or 0% of the stock.

LEA has been the topic of a number of analyst reports.

On June 8 the company was downgraded from "Equal-weight" to "Underweight" by Morgan Stanley. The company presently has a consensus rating of "Hold" and an average price target of $152.67. On June 21, 2017 Guggenheim initiated coverage on the stock giving it an initial rating of "Buy". ValuEngine lowered shares of Lear Corporation from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 17th.

Based on the latest notes released to investors, 6 analysts have issued a rating of "buy", 2 analysts "outperform", 6 analysts "hold", 3 analysts "underperform" and 0 analysts "sell". The firm now has a $180.00 target price on the auto parts company's stock.

TRADEMARK VIOLATION WARNING: This report was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this story on another publication, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright law. The original version of this report can be accessed at https://www.dispatchtribunal.com/2017/09/19/ativo-capital-management-llc-has-2-42-million-stake-in-lear-corporation-lea.html. 1,338K shares changed hands in the last trading session. Lear Corporation has a 1 year low of $110.77 and a 1 year high of $167.95. The stock has a market cap of $11.35 billion, a P/E ratio of 11.11 and a beta of 1.31. The stock's 50-day moving average price is $149.19 and its 200-day moving average price is $144.41. Moreover, Stephens Inc Ar has 0.05% invested in Lear Corporation (NYSE:LEA) for 9,703 shares.

The company is now down by 0.17%% since yesterday's close of 167.17. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. The firm's quarterly revenue was up 8.4% on a year-over-year basis. They expect $3.77 earnings per share, up 18.18% or $0.58 from last year's $3.19 per share.

Most recently the business also announced a periodic dividend, to be paid on early Tue, Sep 19th. Days to cover decreased from 6.0 to 6.0 and the percentage of shorted shares was 0.05% on August 31. This dividend amount was represent a yield of $1.20. The stock of Lear Corporation (NYSE:LEA) has "Buy" rating given on Tuesday, August 18 by UBS. Lear Corporation's dividend payout ratio (DPR) is 13.28%.

The stock of Lear Corporation (NYSE:LEA) earned "Buy" rating by Seaport Global on Friday, May 5. The Company is involved in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company's EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics. The average analyst recommendation for LEA is 2.50, or a hold.

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