Assetmark Inc. increased the number of shares of Lear Co. (NYSE: LEA) owned by 84.5% during the third quarter, as stated in the most recent 13F filing that the company submitted with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,812 shares of the auto parts company’s stock during the period, representing an increase of 4,493 shares over the previous transaction. Assetmark Inc. disclosed to the Securities and Exchange Commission (SEC) in its most recent filing that the value of the company’s holdings in Lear was $1,174,000.
Recent adjustments have been made to the company’s holdings by several other institutional investors and hedge funds. These adjustments were made within the past few months. During the second quarter, the Arizona State Retirement System increased the amount of Lear stock owned by 0.4%, bringing its total ownership percentage to 100%. The Arizona State Retirement System now holds 16,663 shares of the auto parts company’s stock, which it obtained by purchasing an additional 68 shares during the most recent quarter. Based on the stock’s current price, the Arizona State Retirement System’s holdings are currently worth $2,098,000. During the second quarter, Commerce Bank was able to increase the size of its existing stake in Lear by 1.6%. Following the purchase of 78 additional shares during the most recent quarter, Commerce Bank is now the owner of 4,872 shares of the auto parts company’s stock, which has a value of $613,000. These shares were acquired, making Commerce Bank the proud owner. During the second quarter, Northwestern Mutual Investment Management Company LLC brought the total amount of Lear stock that it owned to a level of 0.9% higher than previously. In the most recent fiscal quarter, Northwestern Mutual Investment Management Firm LLC increased its holdings in the auto parts company by purchasing an additional 89 shares, bringing the total number of shares owned in the business to 10,055. The total market value of these shares is $1,260.Fifth Third Bancorp bought an additional 25.3% of Lear’s shares during the second quarter of the fiscal year. After making an additional investment of 98 shares in the company during the most recent quarter, Fifth Third Bancorp now has 486 shares in the auto parts company. Based on the current market price, these shares are worth $61,000. Finally, during the second quarter, Securian Asset Management Inc. increased the amount of Lear stock owned by 1.9%, bringing the total percentage of Lear stock that it owned to 100%. After purchasing an additional 100 shares during the most recent quarter, Securian Asset Management Inc. now has 5,458 shares of the auto parts company’s stock. Based on the current estimations of the stock’s value in the market, the company’s stock has a market value of approximately $680,000. The company’s shares are held, in their entirety, by various types of institutional investors, which account for 99.56 percent of the total.
The NYSE: LEA stock started the trading day on Wednesday with a price of $136.83 per share. The stock of Lear Company has seen a one-year high of $189.91 and a one-year low of $114.67. The one-year high for the company is currently $189.91. The business has a PEG ratio of 0.29, a beta value of 1.50, and a PE ratio of 35.45. It is currently estimated that the company has a market capitalization of $8.09 billion. The moving average price of the company over the previous 200 days is $135.11, and the moving average price over the previous 50 days is $134.17. The debt-to-equity ratio is calculated to be 0.59, the current ratio is calculated to be 1.33, and the quick ratio is calculated to be 1.03.
Lear (NYSE: LEA) announced the results of its financial operations for the third quarter on Tuesday, November 1. Earnings per share for the quarter were reported by the company that sells car components at $2.33, which is $0.19 higher than the c