129,967 Shares in Lear Corporation $LEA Purchased by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Lear Corporation (NYSE:LEA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 129,967 shares of the auto parts company's stock, valued at approximately $17,423,000. Diamond Hill Capital Management LLC Investment Advisor owned 0.26% of Lear as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. M&T Bank Corp boosted its position in shares of Lear by 46,707.8% in the 4th quarter. M&T Bank Corp now owns 951,602 shares of the auto parts company's stock worth $109,054,000 after purchasing an additional 949,569 shares in the last quarter. Norges Bank bought a new position in Lear during the 4th quarter valued at approximately $82,016,000. Bank of New York Mellon Corp bought a new position in Lear during the 2nd quarter valued at approximately $65,397,000. Balyasny Asset Management L.P. purchased a new position in Lear during the second quarter valued at $39,656,000. Finally, Caisse de depot et placement du Quebec bought a new stake in Lear in the third quarter worth $40,984,000. Institutional investors own 97.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LEA. Citigroup increased their target price on Lear from $177.00 to $179.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on Lear from $153.00 to $159.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $131.00 price target on shares of Lear in a research note on Monday, August 3rd. Morgan Stanley set a $130.00 price objective on shares of Lear in a research report on Monday, May 4th. Finally, Wall Street Zen lowered shares of Lear from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $145.23.

Lear Stock Down 0.1%

LEA stock opened at $124.86 on Monday. The stock has a market capitalization of $6.16 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.60 and a beta of 1.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 1.04. Lear Corporation has a 1-year low of $96.04 and a 1-year high of $150.33. The business has a fifty day moving average price of $135.84 and a 200-day moving average price of $131.23.

Lear (NYSE:LEA - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The auto parts company reported $4.28 EPS for the quarter, beating the consensus estimate of $3.98 by $0.30. Lear had a return on equity of 14.18% and a net margin of 2.35%.The company had revenue of $6.21 billion for the quarter, compared to analysts' expectations of $6.15 billion. During the same period last year, the firm posted $3.06 earnings per share. Lear's revenue was up 3.0% compared to the same quarter last year. Equities analysts forecast that Lear Corporation will post 14.87 earnings per share for the current fiscal year.

Lear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 2nd. Lear's dividend payout ratio (DPR) is presently 28.70%.

Lear News Roundup

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Lear declared a quarterly dividend of $0.77 per share. The dividend is payable September 22 to shareholders of record September 2, implying an annualized payout of $3.08 and a yield of approximately 2.5%. The announcement reinforces Lear’s shareholder-return profile and may provide modest support for the stock. Lear Declares Quarterly Cash Dividend
• Positive Sentiment: Zacks highlighted LEA as a strong value stock. The designation may attract value-oriented investors, particularly given Lear’s relatively low valuation and recent earnings outperformance. However, the article appears to be a style-based assessment rather than a new earnings or guidance catalyst. Here's Why Lear Is a Strong Value Stock
• Neutral Sentiment: The other reported items—including a federal summer-reading bill, unrelated education and cryptocurrency stories, and general trading commentary—do not identify a direct financial, operational, or regulatory impact on Lear Corporation.

Insider Activity at Lear

In other news, SVP Nicholas Jon Roelli sold 2,336 shares of Lear stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $141.38, for a total value of $330,263.68. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jason M. Cardew sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $147.50, for a total transaction of $737,500.00. Following the transaction, the chief financial officer directly owned 13,241 shares of the company's stock, valued at $1,953,047.50. The trade was a 27.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 63,672 shares of company stock worth $8,697,990. 1.02% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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