Lear (LEA) Shareholder Fairpointe Capital Has Trimmed Stake by $4.65 Million as Stock Price Rose; Exxon Mobil (XOM) Holder Stonehearth Capital Management Trimmed Its Position by $331,290 as Market Value Rose

February 19, 2018 - By Peter Erickson

Stonehearth Capital Management Llc decreased its stake in Exxon Mobil Corp (XOM) by 60.67% based on its latest 2017Q3 regulatory filing with the SEC. Stonehearth Capital Management Llc sold 4,090 shares as the company’s stock rose 0.21% with the market. The institutional investor held 2,651 shares of the integrated oil company at the end of 2017Q3, valued at $217,000, down from 6,741 at the end of the previous reported quarter. Stonehearth Capital Management Llc who had been investing in Exxon Mobil Corp for a number of months, seems to be less bullish one the $324.45 billion market cap company. The stock increased 0.43% or $0.33 during the last trading session, reaching $76.54. About 13.72M shares traded or 4.75% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since February 19, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Fairpointe Capital Llc decreased its stake in Lear Corp (LEA) by 5.53% based on its latest 2017Q3 regulatory filing with the SEC. Fairpointe Capital Llc sold 26,889 shares as the company’s stock rose 0.77% with the market. The institutional investor held 459,437 shares of the o.e.m. company at the end of 2017Q3, valued at $79.52M, down from 486,326 at the end of the previous reported quarter. Fairpointe Capital Llc who had been investing in Lear Corp for a number of months, seems to be less bullish one the $12.69B market cap company. The stock decreased 1.19% or $2.29 during the last trading session, reaching $189.57. About 621,820 shares traded or 11.43% up from the average. Lear Corporation (NYSE:LEA) has risen 28.33% since February 19, 2017 and is uptrending. It has outperformed by 11.63% the S&P500.

Fairpointe Capital Llc, which manages about $7.00B and $5.06B US Long portfolio, upped its stake in Patterson Companies Inc (NASDAQ:PDCO) by 277,977 shares to 3.76 million shares, valued at $145.36M in 2017Q3, according to the filing. It also increased its holding in Time Inc. (NYSE:TIME) by 457,379 shares in the quarter, for a total of 11.04 million shares, and has risen its stake in Gentex Corp (NASDAQ:GNTX).

Investors sentiment increased to 0.92 in Q3 2017. Its up 0.08, from 0.84 in 2017Q2. It is positive, as 41 investors sold LEA shares while 173 reduced holdings. 61 funds opened positions while 135 raised stakes. 59.92 million shares or 4.64% less from 62.83 million shares in 2017Q2 were reported. Fiera Capital holds 0% in Lear Corporation (NYSE:LEA) or 1,192 shares. Meiji Yasuda Asset Mgmt Ltd holds 3,670 shares. Paradice Inv Management Ltd Com, Colorado-based fund reported 452,846 shares. Silvercrest Asset Mngmt Group Lc invested in 0% or 1,375 shares. Seminole Mgmt holds 5.03% in Lear Corporation (NYSE:LEA) or 135,611 shares. Aviva Public Ltd Liability, United Kingdom-based fund reported 43,383 shares. Wellington Mngmt Gru Ltd Liability Partnership, a Massachusetts-based fund reported 82,129 shares. 315,167 are owned by Robeco Institutional Asset Mgmt Bv. Cubic Asset Mgmt Limited Liability Com has invested 0.75% in Lear Corporation (NYSE:LEA). Alphamark Advsr Ltd Liability, a Kentucky-based fund reported 21,224 shares. Boston owns 1.17M shares. Sandy Spring Retail Bank reported 200 shares stake. Cornerstone Investment Prns Ltd Co stated it has 0.16% in Lear Corporation (NYSE:LEA). 9,023 are held by Lau Associates Limited Liability Co. Mu Invests Ltd stated it has 240 shares or 0.03% of all its holdings.

Among 20 analysts covering Lear Corporation (NYSE:LEA), 11 have Buy rating, 2 Sell and 7 Hold. Therefore 55% are positive. Lear Corporation had 72 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Sunday, October 1 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, August 25 by Zacks. The stock of Lear Corporation (NYSE:LEA) earned “Hold” rating by Evercore on Wednesday, January 4. On Monday, January 29 the stock rating was maintained by Jefferies with “Buy”. As per Monday, January 25, the company rating was maintained by Barclays Capital. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, October 14. RBC Capital Markets maintained Lear Corporation (NYSE:LEA) on Wednesday, July 26 with “Hold” rating. The rating was downgraded by Buckingham Research on Tuesday, September 26 to “Neutral”. The firm has “Buy” rating by Robert W. Baird given on Monday, October 16. Bank of America downgraded the stock to “Underperform” rating in Wednesday, November 9 report.

Since September 18, 2017, it had 0 insider purchases, and 3 sales for $1.60 million activity. STEPHENS MEL sold 2,411 shares worth $416,802. WALLACE HENRY D G had sold 4,139 shares worth $690,025.

Investors sentiment is 0.85 in Q3 2017. Its the same as in 2017Q2. It is flat, as 57 investors sold XOM shares while 806 reduced holdings. only 114 funds opened positions while 621 raised stakes. 2.13 billion shares or 0.48% more from 2.12 billion shares in 2017Q2 were reported. Cap Advsrs Ok reported 1.57M shares stake. Global X reported 136,898 shares or 0.3% of all its holdings. Insight 2811 invested in 0.28% or 4,674 shares. 80,893 are owned by Abner Herrman And Brock Limited Company. Cohen Lawrence B has invested 2.56% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Pure Advisors Incorporated has invested 0.12% in Exxon Mobil Corporation (NYSE:XOM). 15,963 were accumulated by Dynamic Advisors Solutions Ltd. Bluestein R H And, a Michigan-based fund reported 18,854 shares. Cedar Hill Assoc, Illinois-based fund reported 18,560 shares. Godshalk Welsh Capital Mngmt invested 0.65% in Exxon Mobil Corporation (NYSE:XOM). Savings Bank Of America Corp De has 45.75 million shares for 0.6% of their portfolio. Brave Asset Mgmt invested in 30,167 shares or 1.3% of the stock. Shelton Mgmt reported 217,251 shares. Mu Invs Ltd accumulated 1,590 shares or 0.1% of the stock. Fragasso Grp Incorporated accumulated 0.58% or 25,553 shares.

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