Conrad L. Mallett, Jr. Sells 1,187 Shares of Lear Co. (NYSE:LEA) Stock

Lear Co. (NYSE:LEA - Get Free Report) Director Conrad L. Mallett, Jr. sold 1,187 shares of Lear stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $92.86, for a total value of $110,224.82. Following the transaction, the director now owns 84 shares in the company, valued at approximately $7,800.24. The trade was a 93.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Lear Trading Down 0.9%

NYSE:LEA traded down $0.87 on Tuesday, reaching $91.72. 158,686 shares of the company's stock were exchanged, compared to its average volume of 719,522. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 0.49 and a beta of 1.29. Lear Co. has a 52-week low of $73.85 and a 52-week high of $126.85. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $87.52 and a 200-day moving average of $92.01.

Lear (NYSE:LEA - Get Free Report) last released its earnings results on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.64 by $0.48. The company had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.47 billion. Lear had a net margin of 2.17% and a return on equity of 14.70%. The firm's quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.18 EPS. As a group, analysts expect that Lear Co. will post 12.89 earnings per share for the current year.

Lear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.77 per share. The ex-dividend date is Thursday, June 5th. This represents a $3.08 annualized dividend and a dividend yield of 3.36%. Lear's dividend payout ratio (DPR) is currently 36.11%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group lifted their price target on Lear from $83.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price target on shares of Lear from $119.00 to $120.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. TD Cowen cut Lear from a "buy" rating to a "hold" rating and set a $95.00 target price for the company. in a research note on Friday, March 7th. The Goldman Sachs Group set a $88.00 price target on Lear and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Barclays cut shares of Lear from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Lear presently has a consensus rating of "Hold" and an average target price of $107.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LEA. Assetmark Inc. grew its holdings in shares of Lear by 5.9% during the fourth quarter. Assetmark Inc. now owns 9,216 shares of the auto parts company's stock worth $873,000 after purchasing an additional 515 shares during the last quarter. RWC Asset Management LLP lifted its position in Lear by 23.3% in the fourth quarter. RWC Asset Management LLP now owns 410,908 shares of the auto parts company's stock valued at $38,913,000 after purchasing an additional 77,691 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Lear in the 4th quarter valued at approximately $3,871,000. Dimensional Fund Advisors LP boosted its position in shares of Lear by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,614,227 shares of the auto parts company's stock worth $247,566,000 after purchasing an additional 283,838 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Lear by 17.1% during the fourth quarter. Bank of New York Mellon Corp now owns 676,977 shares of the auto parts company's stock worth $64,110,000 after buying an additional 99,072 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

About Lear

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.

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