Institutional Investors Buying Lear’s Stock in Q3
Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Lear Corp. (NYSE:LEA).
SEC data indicate that these institutions significantly increased their stock shares of Lear Corp. in Q3 2011:
- PAULSON MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 4,626,488 shares, worth $197,874,892.
- LSV ASSET MANAGEMENT: On 06/30/2011, held 0 shares. On 09/30/2011, held 988,300 shares, worth $42,269,591.
- ANCHORAGE CAPITAL GROUP, L.L.C.: On 06/30/2011, held 0 shares. On 09/30/2011, held 730,100 shares, worth $31,226,377.
- SCHRODER INVESTMENT MANAGEMENT GROUP: On 06/30/2011, held 0 shares. On 09/30/2011, held 618,700 shares, worth $26,461,799.
- MORGAN STANLEY: On 06/30/2011, held 0 shares. On 09/30/2011, held 278,212 shares, worth $11,899,127.
About the company: Lear Corporation manufactures automobile parts. The Company produces seating systems; wiring harnesses; terminals; connectors; junction boxes; body control electronics; wireless products; and audio systems.
Competitors to Watch: Johnson Controls, Inc. (NYSE:JCI), Visteon Corporation (NYSE:VC), Gentex Corporation (NASDAQ:GNTX), General Electric (NYSE:GE), United Technologies Corp. (NYSE:UTX), Honeywell Intl. Inc. (NYSE:HON).
(Note: Data regarding Lear Corp.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)
Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>