Investors sold shares of Lear Co. (NYSE:LEA) on strength during trading hours on Thursday. $19.37 million flowed into the stock on the tick-up and $66.11 million flowed out of the stock on the tick-down, for a money net flow of $46.74 million out of the stock. Of all equities tracked, Lear had the 0th highest net out-flow for the day. Lear traded up $2.40 for the day and closed at $184.91
LEA has been the subject of a number of recent analyst reports. KeyCorp reaffirmed a “buy” rating and set a $180.00 price target on shares of Lear in a research note on Sunday, September 17th. Jefferies Group initiated coverage on shares of Lear in a research note on Thursday, September 28th. They set a “buy” rating and a $197.00 price target for the company. Zacks Investment Research raised shares of Lear from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research note on Wednesday, October 18th. Cowen reaffirmed a “buy” rating and set a $196.00 price target on shares of Lear in a research note on Friday, October 27th. Finally, Longbow Research initiated coverage on shares of Lear in a research note on Friday, January 5th. They set a “buy” rating and a $225.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $179.50.
The firm has a market cap of $12,780.00, a PE ratio of 11.56, a PEG ratio of 1.46 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 1.34.
Lear (NYSE:LEA) last released its quarterly earnings data on Wednesday, October 25th. The auto parts company reported $3.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.16. The company had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Lear had a net margin of 5.79% and a return on equity of 31.79%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.19 EPS. analysts anticipate that Lear Co. will post 16.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Friday, December 8th were given a $0.50 dividend. The ex-dividend date was Thursday, December 7th. This represents a $2.00 annualized dividend and a yield of 1.06%. Lear’s dividend payout ratio (DPR) is 12.22%.
In other news, EVP Terrence B. Larkin sold 1,137 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $177.74, for a total value 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 approximately $1,228,538.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mel Stephens sold 796 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $179.00, for a total transaction of $142,484.00. Following the completion of the sale, the senior vice president now directly owns 40,000 shares of the company’s stock, valued at approximately $7,160,000. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank lifted its position in shares of Lear by 10.9% in the 2nd quarter. Toronto Dominion Bank now owns 852 shares of the auto parts company’s stock worth $121,000 after purchasing an additional 84 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Lear in the 2nd quarter worth approximately $126,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Lear in the 3rd quarter worth approximately $210,000. Calamos Advisors LLC purchased a new stake in shares of Lear in the 3rd quarter worth approximately $216,000. Finally, Systematic Financial Management LP lifted its position in shares of Lear by 144.0% in the 2nd quarter. Systematic Financial Management LP now owns 1,525 shares of the auto parts company’s stock worth $217,000 after purchasing an additional 900 shares during the period. 91.63% of the stock is owned by hedge funds and other institutional investors.
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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.
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