Foster & Motley Inc. grew its holdings in Lear Corporation (NYSE:LEA – Free Report) by 104.0% during the first quarter, HoldingsChannel.com reports. The fund owned 8,065 shares of the auto parts company’s stock after purchasing an additional 4,111 shares during the quarter. Foster & Motley Inc.’s holdings in Lear were worth $977,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. boosted its position in Lear by 15.0% during the 4th quarter. UMB Bank n.a. now owns 676 shares of the auto parts company’s stock worth $77,000 after purchasing an additional 88 shares during the period. Inspire Advisors LLC increased its holdings in Lear by 4.5% in the 4th quarter. Inspire Advisors LLC now owns 2,147 shares of the auto parts company’s stock valued at $246,000 after purchasing an additional 92 shares in the last quarter. Pallas Capital Advisors LLC raised its position in Lear by 4.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,389 shares of the auto parts company’s stock valued at $274,000 after purchasing an additional 99 shares during the period. Allworth Financial LP raised its position in Lear by 32.0% in the fourth quarter. Allworth Financial LP now owns 408 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 99 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of Lear by 2.1% during the fourth quarter. Advisors Asset Management Inc. now owns 5,899 shares of the auto parts company’s stock worth $676,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group upped their target price on Lear from $115.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley set a $130.00 target price on Lear in a report on Monday, May 4th. Royal Bank Of Canada boosted their price target on Lear from $134.00 to $138.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 5th. TD Cowen upgraded Lear from a “hold” rating to a “buy” rating and upped their price target for the stock from $138.00 to $165.00 in a report on Tuesday, May 26th. Finally, Citigroup increased their price objective on shares of Lear from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $143.38.
Trending Headlines about Lear
Here are the key news stories impacting Lear this week:
- Positive Sentiment: Wells Fargo raised its price target on Lear to $137 from $133, reinforcing valuation support even though the firm kept an equal-weight rating. Wells Fargo price target update
- Positive Sentiment: Recent commentary from Zacks highlighted Lear as a strong growth stock, adding to the view that the company’s fundamentals remain solid. Zacks growth stock article
- Neutral Sentiment: Lear announced it will host its second-quarter 2026 earnings conference call on July 31, keeping investors focused on upcoming results rather than on any new operating surprise. Earnings call announcement
- Negative Sentiment: CEO Raymond E. Scott sold 50,000 shares of Lear stock, a sizable insider transaction that can be read as a cautionary signal by some investors. CEO insider sale filing
Lear Stock Performance
NYSE:LEA opened at $136.93 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.05. The firm has a 50-day moving average of $136.71 and a two-hundred day moving average of $127.35. The stock has a market cap of $6.86 billion, a P/E ratio of 13.69, a PEG ratio of 0.70 and a beta of 1.23. Lear Corporation has a 1-year low of $91.67 and a 1-year high of $150.33.
Lear (NYSE:LEA – Get Free Report) last announced its earnings results on Friday, May 1st. The auto parts company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.36. Lear had a return on equity of 13.69% and a net margin of 2.25%.The company had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.84 billion. During the same period last year, the firm earned $3.12 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, research analysts expect that Lear Corporation will post 14.64 earnings per share for the current fiscal year.
Lear Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were issued a $0.77 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $3.08 dividend on an annualized basis and a yield of 2.2%. Lear’s dividend payout ratio is currently 30.80%.
Insiders Place Their Bets
In other Lear news, SVP Nicholas Jon Roelli sold 2,336 shares of Lear stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $141.38, for a total transaction of $330,263.68. Following the sale, the senior vice president directly owned 2,339 shares in the company, valued at $330,687.82. The trade was a 49.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Raymond E. Scott sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $135.37, for a total value of $6,768,500.00. Following the completion of the transaction, the chief executive officer directly owned 49,789 shares in the company, valued at approximately $6,739,936.93. The trade was a 50.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,026 shares of company stock worth $8,498,248 in the last quarter. Company insiders own 1.02% of the company’s stock.
Lear Company Profile
Lear Corporation (NYSE: LEA) is a global supplier of automotive seating and electrical distribution systems. The company designs, engineers and manufactures complete seat systems, seat components and power solutions for major vehicle manufacturers. Its electrical business delivers modules and components for battery management, infotainment, body and safety electronics, as well as advanced connectivity and electrification solutions.
The seating division develops lightweight, ergonomic seat structures, trim and mechanisms that address comfort, safety and environmental targets.
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