LEA has been the topic of several other research reports. Zacks Investment Research raised shares of Lear from a hold rating to a buy rating and set a $195.00 target price on the stock in a report on Wednesday, October 18th. Jefferies Group assumed coverage on shares of Lear in a report on Thursday, September 28th. They issued a buy rating and a $197.00 target price on the stock. KeyCorp raised their target price on shares of Lear from $180.00 to $184.00 and gave the company a buy rating in a report on Friday, October 13th. ValuEngine raised shares of Lear from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Finally, UBS Group cut shares of Lear from a buy rating to a neutral rating and raised their target price for the company from $158.00 to $182.00 in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $182.56.
Shares of Lear (NYSE:LEA) traded up $0.21 during trading hours on Friday, reaching $191.18. 457,000 shares of the company traded hands, compared to its average volume of 615,885. The firm has a market capitalization of $12,790.00, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. Lear has a 52-week low of $132.01 and a 52-week high of $193.12. The company has a current ratio of 1.34, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48.
Lear (NYSE:LEA) last issued its earnings results on Wednesday, October 25th. The auto parts company reported $3.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.80 by $0.16. The firm had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Lear had a net margin of 5.79% and a return on equity of 31.79%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.19 earnings per share. research analysts predict that Lear will post 16.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Friday, December 8th were paid a $0.50 dividend. The ex-dividend date was Thursday, December 7th. This represents a $2.00 annualized dividend and a yield of 1.05%. Lear’s dividend payout ratio is currently 12.22%.
In other news, EVP Terrence B. Larkin sold 1,137 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $177.74, for a total transaction of $202,090.38. Following the transaction, the executive vice president now directly owns 6,912 shares in the company, valued at $1,228,538.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mel Stephens sold 796 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $179.00, for a total transaction of $142,484.00. Following the transaction, the senior vice president now owns 40,000 shares in the company, valued at $7,160,000. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank grew its position in shares of Lear by 10.9% during the second quarter. Toronto Dominion Bank now owns 852 shares of the auto parts company’s stock worth $121,000 after acquiring an additional 84 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Lear during the second quarter worth $126,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Lear during the third quarter worth $210,000. Calamos Advisors LLC acquired a new stake in shares of Lear during the third quarter worth $216,000. Finally, Balasa Dinverno & Foltz LLC acquired a new stake in shares of Lear during the third quarter worth $254,000. Institutional investors and hedge funds own 91.59% of the company’s stock.
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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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