ValuEngine upgraded shares of Lear (NYSE:LEA) from a buy rating to a strong-buy rating in a research note issued to investors on Sunday, December 31st.
A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Lear from a buy rating to a hold rating in a research report on Tuesday, October 31st. Royal Bank of Canada raised shares of Lear from a sector perform rating to an outperform rating and raised their target price for the company from $183.00 to $213.00 in a research report on Thursday, October 26th. KeyCorp raised their target price on shares of Lear from $180.00 to $184.00 and gave the company a buy rating in a research report on Friday, October 13th. Deutsche Bank raised their target price on shares of Lear from $167.00 to $176.00 and gave the company a hold rating in a research report on Thursday, October 26th. Finally, Cowen reissued a buy rating and set a $196.00 target price on shares of Lear in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of $179.50.
Lear (LEA) traded down $6.87 during trading on Friday, hitting $182.51. 920,500 shares of the stock traded hands, compared to its average volume of 568,729. The company has a market cap of $12,400.00, a price-to-earnings ratio of 11.16, a PEG ratio of 1.50 and a beta of 1.44. Lear has a 12-month low of $132.01 and a 12-month high of $192.13. The company has a quick ratio of 1.09, a current ratio of 1.34 and a debt-to-equity ratio of 0.48.
Lear (NYSE:LEA) last posted its quarterly earnings results on Wednesday, October 25th. The auto parts company reported $3.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.80 by $0.16. The company had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.84 billion. Lear had a net margin of 5.79% and a return on equity of 31.79%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.19 EPS. equities analysts forecast that Lear will post 16.9 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Friday, December 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, December 7th. Lear’s dividend payout ratio (DPR) is presently 12.22%.
In related news, SVP Mel Stephens sold 796 shares of Lear stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $179.00, for a total value of $142,484.00. Following the completion of the sale, the senior vice president now directly owns 40,000 shares in the company, valued at approximately $7,160,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Terrence B. Larkin sold 1,137 shares of Lear stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $177.74, for a total transaction of $202,090.38. Following the completion of the sale, the executive vice president now owns 6,912 shares of the company’s stock, valued at $1,228,538.88. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Lear by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 6,409,081 shares of the auto parts company’s stock valued at $910,602,000 after acquiring an additional 158,042 shares during the period. LSV Asset Management lifted its stake in Lear by 1.9% during the 2nd quarter. LSV Asset Management now owns 2,499,675 shares of the auto parts company’s stock valued at $355,153,000 after acquiring an additional 46,353 shares during the period. AJO LP lifted its stake in Lear by 1.6% during the 2nd quarter. AJO LP now owns 1,654,084 shares of the auto parts company’s stock valued at $235,012,000 after acquiring an additional 25,444 shares during the period. Boston Partners lifted its stake in Lear by 138.6% during the 3rd quarter. Boston Partners now owns 1,169,464 shares of the auto parts company’s stock valued at $202,411,000 after acquiring an additional 679,345 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its stake in Lear by 2.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 976,654 shares of the auto parts company’s stock valued at $138,763,000 after acquiring an additional 23,718 shares during the period. Institutional investors and hedge funds own 91.63% of the company’s stock.
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Lear Company Profile
Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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