Lear Corporation (LEA) Shares Bought by Virtu KCG Holdings LLC

Virtu KCG Holdings LLC boosted its position in shares of Lear Corporation (NYSE:LEA) by 145.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,673 shares of the auto parts company’s stock after purchasing an additional 2,179 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Lear Corporation were worth $522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its position in Lear Corporation by 6.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 831 shares of the auto parts company’s stock worth $118,000 after purchasing an additional 48 shares in the last quarter. Global X Management Co. LLC boosted its position in Lear Corporation by 30.3% during the first quarter. Global X Management Co. LLC now owns 878 shares of the auto parts company’s stock worth $124,000 after purchasing an additional 204 shares in the last quarter. Van ECK Associates Corp boosted its position in Lear Corporation by 5.4% during the first quarter. Van ECK Associates Corp now owns 991 shares of the auto parts company’s stock worth $140,000 after purchasing an additional 51 shares in the last quarter. Mutual of America Capital Management LLC purchased a new stake in Lear Corporation during the first quarter worth $157,000. Finally, Parallel Advisors LLC boosted its position in Lear Corporation by 3.9% during the second quarter. Parallel Advisors LLC now owns 1,117 shares of the auto parts company’s stock worth $166,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Lear Corporation (LEA) Shares Bought by Virtu KCG Holdings LLC” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/11/lear-corporation-lea-shares-bought-by-virtu-kcg-holdings-llc.html.

Shares of Lear Corporation (LEA) opened at 172.82 on Wednesday. Lear Corporation has a 12 month low of $110.77 and a 12 month high of $177.24. The stock has a 50 day moving average price of $161.30 and a 200 day moving average price of $147.65. The stock has a market capitalization of $11.76 billion, a P/E ratio of 11.51 and a beta of 1.35.

Lear Corporation (NYSE:LEA) last issued its earnings results on Wednesday, July 26th. The auto parts company reported $4.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.11 by $0.28. The business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. Lear Corporation’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.66 earnings per share. On average, analysts anticipate that Lear Corporation will post $16.56 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st were given a $0.50 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.16%. Lear Corporation’s dividend payout ratio (DPR) is presently 13.28%.

In other news, Director Henry D. G. Wallace sold 4,139 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $166.71, for a total value of $690,012.69. Following the completion of the sale, the director now owns 4,100 shares of the company’s stock, valued at $683,511. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mel Stephens sold 2,411 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $172.88, for a total value of $416,813.68. Following the completion of the sale, the senior vice president now directly owns 44,484 shares of the company’s stock, valued at approximately $7,690,393.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,404 shares of company stock valued at $1,601,681. 0.49% of the stock is currently owned by insiders.

LEA has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Lear Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Robert W. Baird reiterated a “buy” rating and set a $178.00 target price on shares of Lear Corporation in a research report on Friday, September 1st. Guggenheim initiated coverage on Lear Corporation in a research report on Wednesday, June 21st. They set a “buy” rating and a $167.00 target price on the stock. BidaskClub downgraded Lear Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Bank of America Corporation downgraded Lear Corporation from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $135.00 to $110.00 in a research report on Friday, June 16th. Two research analysts have rated the stock wi

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its position in Lear Corporation by 6.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 831 shares of the auto parts company’s stock worth $118,000 after purchasing an additional 48 shares in the last quarter. Global X Management Co. LLC boosted its position in Lear Corporation by 30.3% during the first quarter. Global X Management Co. LLC now owns 878 shares of the auto parts company’s stock worth $124,000 after purchasing an additional 204 shares in the last quarter. Van ECK Associates Corp boosted its position in Lear Corporation by 5.4% during the first quarter. Van ECK Associates Corp now owns 991 shares of the auto parts company’s stock worth $140,000 after purchasing an additional 51 shares in the last quarter. Mutual of America Capital Management LLC purchased a new stake in Lear Corporation during the first quarter worth $157,000. Finally, Parallel Advisors LLC boosted its position in Lear Corporation by 3.9% during the second quarter. Parallel Advisors LLC now owns 1,117 shares of the auto parts company’s stock worth $166,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Lear Corporation (LEA) Shares Bought by Virtu KCG Holdings LLC” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/11/lear-corporation-lea-shares-bought-by-virtu-kcg-holdings-llc.html.

Shares of Lear Corporation (LEA) opened at 172.82 on Wednesday. Lear Corporation has a 12 month low of $110.77 and a 12 month high of $177.24. The stock has a 50 day moving average price of $161.30 and a 200 day moving average price of $147.65. The stock has a market capitalization of $11.76 billion, a P/E ratio of 11.51 and a beta of 1.35.

Lear Corporation (NYSE:LEA) last issued its earnings results on Wednesday, July 26th. The auto parts company reported $4.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.11 by $0.28. The business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. Lear Corporation’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.66 earnings per share. On average, analysts anticipate that Lear Corporation will post $16.56 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st were given a $0.50 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.16%. Lear Corporation’s dividend payout ratio (DPR) is presently 13.28%.

In other news, Director Henry D. G. Wallace sold 4,139 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $166.71, for a total value of $690,012.69. Following the completion of the sale, the director now owns 4,100 shares of the company’s stock, valued at $683,511. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mel Stephens sold 2,411 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $172.88, for a total value of $416,813.68. Following the completion of the sale, the senior vice president now directly owns 44,484 shares of the company’s stock, valued at approximately $7,690,393.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,404 shares of company stock valued at $1,601,681. 0.49% of the stock is currently owned by insiders.

LEA has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Lear Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Robert W. Baird reiterated a “buy” rating and set a $178.00 target price on shares of Lear Corporation in a research report on Friday, September 1st. Guggenheim initiated coverage on Lear Corporation in a research report on Wednesday, June 21st. They set a “buy” rating and a $167.00 target price on the stock. BidaskClub downgraded Lear Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Bank of America Corporation downgraded Lear Corporation from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $135.00 to $110.00 in a research report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Lear Corporation currently has an average rating of “Hold” and an average target price of $165.36.

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.

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Institutional Ownership by Quarter for Lear Corporation (NYSE:LEA)

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