Lear Corporation (NYSE:LEA) Receives $107.09 Average PT from Analysts

Lear Corporation (NYSE:LEA - Get Free Report) has received an average rating of "Hold" from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $108.55.

A number of analysts have recently issued reports on LEA shares. TD Cowen cut shares of Lear from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a research note on Friday, March 7th. Morgan Stanley cut their price target on Lear from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Barclays downgraded Lear from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. Bank of America increased their target price on Lear from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Finally, Wall Street Zen raised Lear from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th.

Lear Stock Performance

NYSE:LEA traded up $5.40 during mid-day trading on Friday, hitting $100.38. 230,709 shares of the company traded hands, compared to its average volume of 710,400. The company has a quick ratio of 1.03, a current ratio of 1.32 and a debt-to-equity ratio of 0.57. The stock's fifty day moving average price is $90.18 and its 200-day moving average price is $91.44. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 0.53 and a beta of 1.29. Lear has a one year low of $73.85 and a one year high of $126.85.

Lear (NYSE:LEA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.64 by $0.48. The firm had revenue of $5.56 billion for the quarter, compared to analysts' expectations of $5.47 billion. Lear had a return on equity of 14.53% and a net margin of 2.09%. The business's quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.18 EPS. Research analysts anticipate that Lear will post 12.89 earnings per share for the current fiscal year.

Lear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, June 5th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, June 5th. Lear's dividend payout ratio is presently 36.11%.

Insider Buying and Selling

In related news, Director Conrad L. Mallett, Jr. sold 1,187 shares of the 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 completion of the transaction, the director owned 84 shares of the company's stock, valued at approximately $7,800.24. This trade represents a 93.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is owned by company insiders.

Institutional Trading of Lear

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Lear by 2.5% during the first quarter. Vanguard Group Inc. now owns 6,657,389 shares of the auto parts company's stock valued at $587,315,000 after acquiring an additional 165,494 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Lear by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,631,477 shares of the auto parts company's stock worth $232,145,000 after purchasing an additional 17,250 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Lear by 6.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,358,330 shares of the auto parts company's stock valued at $208,052,000 after purchasing an additional 145,751 shares during the last quarter. First Trust Advisors LP raised its position in Lear by 45.9% in the 4th quarter. First Trust Advisors LP now owns 1,133,186 shares of the auto parts company's stock worth $107,313,000 after purchasing an additional 356,760 shares during the period. Finally, Lyrical Asset Management LP lifted its stake in Lear by 0.3% in the first quarter. Lyrical Asset Management LP now owns 1,060,216 shares of the auto parts company's stock worth $93,532,000 after purchasing an additional 3,522 shares during the last quarter. Hedge funds and other institutional investors own 97.04% of the company's stock.

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.