F&V Capital Management LLC Purchases New Holdings in Lear Corporation $LEA

Key Points

• F&V Capital Management LLC has acquired a new stake in Lear Corporation, purchasing 83,835 shares valued at roughly $7.96 million, making it the firm's 24th largest holding.
• Insider transactions were notable, with CEO Raymond E. Scott and CFO Jason M. Cardew both selling 5,000 shares, indicating a decrease of 11.43% and 19.81% in their positions respectively.
• Lear Corporation reported earnings of $3.47 per share for the last quarter, exceeding analysts’ estimates, and set its fiscal year 2025 EPS guidance at 12.89.

F&V Capital Management LLC purchased a new stake in shares of Lear Corporation (NYSE:LEA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 83,835 shares of the auto parts company's stock, valued at approximately $7,963,000. Lear comprises about 2.0% of F&V Capital Management LLC's investment portfolio, making the stock its 24th largest holding. F&V Capital Management LLC owned 0.16% of Lear as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its stake in Lear by 2.0% in the second quarter. Janney Montgomery Scott LLC now owns 6,158 shares of the auto parts company's stock valued at $585,000 after buying an additional 121 shares during the period. SummerHaven Investment Management LLC raised its stake in Lear by 2.3% in the first quarter. SummerHaven Investment Management LLC now owns 6,785 shares of the auto parts company's stock valued at $599,000 after buying an additional 152 shares during the period. Wellington Management Group LLP raised its stake in Lear by 5.2% in the fourth quarter. Wellington Management Group LLP now owns 3,709 shares of the auto parts company's stock valued at $351,000 after buying an additional 183 shares during the period. Entropy Technologies LP raised its stake in Lear by 2.3% in the first quarter. Entropy Technologies LP now owns 10,735 shares of the auto parts company's stock valued at $947,000 after buying an additional 244 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in Lear by 7.6% in the first quarter. TD Private Client Wealth LLC now owns 3,591 shares of the auto parts company's stock valued at $317,000 after buying an additional 255 shares during the period. Institutional investors own 97.04% of the company's stock.

Insiders Place Their Bets

In other Lear news, CEO Raymond E. Scott sold 5,000 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was 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 of the company's stock, valued at approximately $3,747,805.33. This trade represents a 11.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jason M. Cardew sold 5,000 shares of Lear stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.47, for a total value of $492,350.00. Following the completion of the transaction, the chief financial officer owned 20,244 shares in the company, valued at approximately $1,993,426.68. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is owned by company insiders.

Lear Price Performance

Lear stock opened at $102.39 on Friday. The stock's fifty day moving average price is $103.29 and its two-hundred day moving average price is $95.66. Lear Corporation has a one year low of $73.85 and a one year high of $113.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.07. The firm has a market cap of $5.45 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.79 and a beta of 1.32.

Lear (NYSE:LEA - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The auto parts company reported $3.47 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.24. Lear had a return on equity of 13.94% and a net margin of 2.05%.The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.89 billion. During the same quarter last year, the company earned $3.60 EPS. The company's revenue was up .3% on a year-over-year basis. Lear has set its FY 2025 guidance at EPS. As a group, research analysts expect that Lear Corporation will post 12.89 EPS for the current fiscal year.

Lear Announces Dividend

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

Analyst Ratings Changes

LEA has been the topic of several research analyst reports. Bank of America lowered Lear from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $135.00 to $123.00 in a research note on Wednesday, September 10th. Barclays increased their target price on Lear from $100.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. UBS Group lowered their target price on Lear from $116.00 to $109.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Wells Fargo & Company increased their target price on Lear from $111.00 to $113.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 25th. Finally, Wall Street Zen lowered Lear from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Lear presently has an average rating of "Hold" and a consensus target price of $114.50.

Lear Company 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.

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