Lear Corporation $LEA Shares Bought by Raymond James Financial Inc.

Raymond James Financial Inc. boosted its holdings in shares of Lear Corporation (NYSE:LEA - Free Report) by 15.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 36,489 shares of the auto parts company's stock after purchasing an additional 4,983 shares during the period. Raymond James Financial Inc. owned approximately 0.07% of Lear worth $3,219,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in LEA. Captrust Financial Advisors purchased a new stake in shares of Lear in the fourth quarter valued at about $205,000. Ethic Inc. boosted its holdings in shares of Lear by 20.7% in the fourth quarter. Ethic Inc. now owns 16,762 shares of the auto parts company's stock valued at $1,587,000 after acquiring an additional 2,874 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in shares of Lear by 59.3% in the fourth quarter. Gotham Asset Management LLC now owns 148,769 shares of the auto parts company's stock valued at $14,088,000 after acquiring an additional 55,391 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Lear by 5.4% in the fourth quarter. Janus Henderson Group PLC now owns 25,179 shares of the auto parts company's stock valued at $2,383,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Lear by 26.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 903,723 shares of the auto parts company's stock valued at $85,583,000 after acquiring an additional 187,935 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on LEA shares. Barclays boosted their price objective on shares of Lear from $100.00 to $120.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Wall Street Zen cut shares of Lear from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Wells Fargo & Company increased their target price on shares of Lear from $102.00 to $111.00 and gave the company an "equal weight" rating in a report on Tuesday. Bank of America increased their target price on shares of Lear from $110.00 to $115.00 and gave the company a "buy" rating in a report on Monday, June 16th. Finally, UBS Group dropped their target price on shares of Lear from $116.00 to $109.00 and set a "neutral" rating for the company in a report on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $113.73.

Lear Stock Down 1.3%

Shares of NYSE:LEA traded down $1.51 during midday trading on Tuesday, hitting $111.24. 683,688 shares of the company's stock traded hands, compared to its average volume of 480,536. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.07 and a current ratio of 1.34. The company has a market cap of $5.92 billion, a PE ratio of 12.98, a P/E/G ratio of 0.68 and a beta of 1.34. The firm's fifty day moving average price is $103.95 and its two-hundred day moving average price is $94.66. Lear Corporation has a twelve month low of $73.85 and a twelve month high of $115.47.

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

Lear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, September 3rd. Lear's dividend payout ratio (DPR) is presently 35.94%.

Insider Transactions at Lear

In other news, Director Conrad L. Mallett, Jr. sold 1,187 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $92.86, for a total value of $110,224.82. Following the transaction, the director directly owned 84 shares in the company, valued at approximately $7,800.24. This trade represents a 93.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jason M. Cardew sold 5,000 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $98.47, for a total transaction of $492,350.00. Following the completion of the sale, the chief financial officer directly owned 20,244 shares in the company, valued at approximately $1,993,426.68. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,187 shares of company stock worth $1,086,425. 0.91% of the stock is currently owned by insiders.

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.