Lear Corporation $LEA Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in shares of Lear Corporation (NYSE:LEA - Free Report) by 0.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,631,477 shares of the auto parts company's stock after buying an additional 17,250 shares during the quarter. Dimensional Fund Advisors LP owned about 4.92% of Lear worth $232,145,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in LEA. Putney Financial Group LLC purchased a new stake in shares of Lear in the fourth quarter valued at $58,000. Fifth Third Bancorp raised its stake in Lear by 131.8% in the 1st quarter. Fifth Third Bancorp now owns 765 shares of the auto parts company's stock valued at $67,000 after purchasing an additional 435 shares during the last quarter. CX Institutional acquired a new position in Lear in the 1st quarter valued at about $71,000. GAMMA Investing LLC lifted its holdings in Lear by 57.9% in the 1st quarter. GAMMA Investing LLC now owns 938 shares of the auto parts company's stock valued at $83,000 after purchasing an additional 344 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Lear by 46.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 966 shares of the auto parts company's stock worth $91,000 after purchasing an additional 307 shares during the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Conrad L. Mallett, Jr. sold 1,187 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $92.86, for a total value of $110,224.82. Following the completion of the sale, the director owned 84 shares of the company's stock, valued at $7,800.24. This represents a 93.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Raymond E. Scott sold 5,000 shares of the firm's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $96.77, for a total value of $483,850.00. Following the sale, the chief executive officer owned 38,729 shares in the company, valued at approximately $3,747,805.33. The trade was a 11.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,187 shares of company stock worth $1,086,425 over the last quarter. 0.91% of the stock is owned by corporate insiders.

Lear Trading Down 0.1%

Shares of NYSE:LEA traded down $0.10 during trading on Wednesday, reaching $102.97. 366,923 shares of the stock were exchanged, compared to its average volume of 678,918. The firm's 50-day moving average price is $99.28 and its 200 day moving average price is $93.33. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 0.63 and a beta of 1.30. Lear Corporation has a 12-month low of $73.85 and a 12-month high of $119.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.07 and a current ratio of 1.34.

Lear (NYSE:LEA - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The auto parts company reported $3.47 earnings per share for the quarter, beating analysts' consensus estimates of $3.23 by $0.24. Lear had a net margin of 2.05% and a return on equity of 13.94%. The firm had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $5.89 billion. During the same period in the previous year, the company posted $3.60 earnings per share. Lear's revenue was up .3% compared to the same quarter last year. Lear has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Lear Corporation will post 12.89 earnings per share for the current fiscal year.

Lear Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 3rd will be given a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $3.08 annualized dividend and a yield of 3.0%. Lear's dividend payout ratio (DPR) is 35.94%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LEA shares. Bank of America raised their target price on shares of Lear from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. The Goldman Sachs Group set a $88.00 price target on Lear and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Barclays lifted their price objective on Lear from $100.00 to $120.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Morgan Stanley reduced their target price on Lear from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. raised their price target on Lear from $119.00 to $120.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $113.00.

Lear Profile

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.