Lear Corporation (NYSE:LEA) Position Maintained by British Airways Pensions Investment Management Ltd

British Airways Pensions Investment Management Ltd maintained its stake in Lear Corporation (NYSE:LEA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 216,695 shares of the auto parts company’s stock at the end of the second quarter. British Airways Pensions Investment Management Ltd’s holdings in Lear Corporation were worth $30,770,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Lear Corporation by 1,617.8% in the first quarter. BlackRock Inc. now owns 7,113,550 shares of the auto parts company’s stock valued at $1,007,136,000 after buying an additional 6,699,449 shares during the last quarter. Ardevora Asset Management LLP purchased a new position in shares of Lear Corporation during the second quarter valued at $34,540,000. Harbour Capital Advisors LLC increased its position in shares of Lear Corporation by 14,108.0% in the second quarter. Harbour Capital Advisors LLC now owns 223,776 shares of the auto parts company’s stock valued at $1,575,000 after buying an additional 222,201 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Lear Corporation by 43.8% in the first quarter. Prudential Financial Inc. now owns 685,822 shares of the auto parts company’s stock valued at $97,099,000 after buying an additional 209,000 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Lear Corporation by 156.8% in the first quarter. Principal Financial Group Inc. now owns 315,253 shares of the auto parts company’s stock valued at $44,634,000 after buying an additional 192,473 shares during the last quarter. Institutional investors and hedge funds own 97.57% of the company’s stock.

Lear Corporation (NYSE:LEA) opened at 145.99 on Monday. Lear Corporation has a 1-year low of $108.29 and a 1-year high of $153.28. The firm has a market cap of $9.94 billion, a P/E ratio of 9.73 and a beta of 1.32. The stock’s 50 day moving average is $144.38 and its 200-day moving average is $142.72.

Lear Corporation (NYSE:LEA) last announced its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.28. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.89 billion. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.66 EPS. Analysts forecast that Lear Corporation will post $16.49 EPS for the current year.

TRADEMARK VIOLATION WARNING: “[[title]]” was first reported by [[site]] and is the property of of [[site]]. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at [[permalink]].

Several research analysts recently weighed in on LEA shares. Morgan Stanley downgraded shares of Lear Corporation from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $149.00 to $142.00 in a research note on Thursday, June 8th. Zacks Investment Research downgraded shares of Lear Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Barclays PLC reissued an “equal weight” rating and issued a $134.00 target price (down previously from $138.00) on shares of Lear Corporation in a research note on Saturday, April 22nd. BidaskClub downgraded shares of Lear Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Guggenheim started coverage on shares of Lear Corporation in a research note on Wednesday, June 21st. They issued a “buy” rating and a $167.00 target price for the company. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $148.64.

In related news, Director Greg C. Smith sold 2,266 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $145.12, for a total value of $328,841.92. Following the completion of the sale, the director now directly owns 13,885 shares of the company’s stock, valued at approximately $2,014,991.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Lear Corporation Company Profile

Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.

Want to see what other hedge funds are holding LEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lear Corporation (NYSE:LEA).