Lear Corporation (NYSE:LEA) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Lear Corporation (NYSE:LEA - Get Free Report) have received a consensus rating of "Hold" from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $113.64.

A number of analysts recently commented on LEA shares. Wells Fargo & Company boosted their target price on shares of Lear from $100.00 to $103.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Citigroup boosted their price objective on shares of Lear from $123.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, June 30th. JPMorgan Chase & Co. boosted their price objective on shares of Lear from $119.00 to $120.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Bank of America boosted 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. Finally, UBS Group reissued a "neutral" rating and issued a $116.00 target price (up from $95.00) on shares of Lear in a research report on Monday, July 14th.

Insider Activity

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 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.91% of the company's stock.

Institutional Trading of Lear

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Lear by 2.5% in 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 purchasing an additional 165,494 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Lear by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,631,477 shares of the auto parts company's stock valued at $232,145,000 after buying an additional 17,250 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Lear by 6.6% in the first 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 buying an additional 145,751 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Lear by 45.9% in the fourth quarter. First Trust Advisors LP now owns 1,133,186 shares of the auto parts company's stock valued at $107,313,000 after buying an additional 356,760 shares in the last quarter. Finally, Lyrical Asset Management LP grew its stake in shares of 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 valued at $93,532,000 after buying an additional 3,522 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Lear Trading Down 0.4%

Shares of LEA traded down $0.46 on Thursday, hitting $108.34. 1,012,378 shares of the stock traded hands, compared to its average volume of 620,364. 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 firm has a market capitalization of $5.79 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.57 and a beta of 1.29. The stock's 50 day moving average is $96.54 and its two-hundred day moving average is $92.87. Lear has a 1 year low of $73.85 and a 1 year high of $125.09.

Lear (NYSE:LEA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.64 by $0.48. Lear had a net margin of 2.09% and a return on equity of 14.53%. The company had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter last year, the firm posted $3.18 earnings per share. Lear's revenue was down 7.2% on a year-over-year basis. As a group, sell-side analysts predict that Lear will post 12.89 earnings per share for the current year.

Lear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 5th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Thursday, June 5th. Lear's dividend payout ratio is currently 36.11%.

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.