Albion Financial Group Ut buys $11,745,559 stake in Lear Corporation (LEA)

Lear Corporation (LEA) : Albion Financial Group Ut scooped up 2,219 additional shares in Lear Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 104,155 shares of Lear Corporation which is valued at $11,745,559.Lear Corporation makes up approximately 1.93% of Albion Financial Group Ut’s portfolio.

Lear Corporation closed down -0.13 points or -0.11% at $116.01 with 16,38,291 shares getting traded on Wednesday. Post opening the session at $119.47, the shares hit an intraday low of $115.31 and an intraday high of $120 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Transamerica Financial Advisors reduced its stake in LEA by selling 520 shares or 97.2% in the most recent quarter. The Hedge Fund company now holds 15 shares of LEA which is valued at $1,692. Gradient Investments sold out all of its stake in LEA during the most recent quarter. The investment firm sold 38 shares of LEA which is valued $4,129.Bkd Wealth Advisors boosted its stake in LEA in the latest quarter, The investment management firm added 98 additional shares and now holds a total of 1,958 shares of Lear Corporation which is valued at $212,737. Lear Corporation makes up approx 0.03% of Bkd Wealth Advisors’s portfolio. Lenox Wealth Advisors sold out all of its stake in LEA during the most recent quarter. The investment firm sold 7 shares of LEA which is valued $761.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in LEA in the latest quarter, The investment management firm added 970 additional shares and now holds a total of 22,753 shares of Lear Corporation which is valued at $2,472,113. Lear Corporation makes up approx 0.06% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

On the company’s financial health, Lear Corporation reported $3.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.63 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $2.77. The company had revenue of $4662.90 million for the quarter, compared to analysts expectations of $4705.02 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 EPS.

Many Wall Street Analysts have commented on Lear Corporation. Shares were Reiterated by Barclays on Jan 25, 2016 to “Equal Weight” and Lowered the Price Target to $ 116 from a previous price target of $126 .

Lear Corporation is engaged in providing automotive seat systems and individual seat component parts. The Company has two segments: seating and electrical. The Company seating segment consists of the design development engineering assembly and delivery of complete seat systems. The Company is also involved in the design development engineering and manufacture of all seat components including seat structures and mechanisms seat covers and surface materials such as fabric and leather seat foam and headrests. The Company’s electrical segment consists of the design development engineering manufacture assembly and supply of electrical distribution systems and components for light vehicles. The Company has manufacturing engineering and administrative capabilities in about 34 countries with 219 locations. The Company also manufactures junction boxes and electronic control modules which are connected to the wire harness assemblies.

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