Lear (LEA) Given a $188.00 Price Target by Susquehanna Bancshares Analysts

Susquehanna Bancshares set a $188.00 price objective on Lear (NYSE:LEA) in a report released on Wednesday, March 14th. The brokerage currently has a hold rating on the auto parts company’s stock.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Lear from a hold rating to a buy rating and set a $221.00 price target for the company in a research note on Thursday, February 1st. Cowen restated a buy rating and set a $220.00 price objective on shares of Lear in a research report on Friday, January 19th. Longbow Research assumed coverage on Lear in a research report on Friday, January 5th. They set a buy rating and a $225.00 price objective for the company. Jefferies Group reaffirmed a buy rating and issued a $231.00 price target on shares of Lear in a report on Monday, January 29th. Finally, Robert W. Baird reaffirmed a buy rating and issued a $213.00 price target on shares of Lear in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $194.72.

Shares of NYSE LEA traded down $4.15 during midday trading on Wednesday, hitting $189.21. 714,255 shares of the stock traded hands, compared to its average volume of 543,687. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.36 and a quick ratio of 1.11. The stock has a market capitalization of $12,939.68, a price-to-earnings ratio of 11.13 and a beta of 1.45. Lear has a one year low of $132.01 and a one year high of $202.42.

Lear (NYSE:LEA) last posted its quarterly earnings data on Friday, January 26th. The auto parts company reported $4.38 EPS for the quarter, topping the consensus estimate of $4.25 by $0.13. Lear had a return on equity of 30.32% and a net margin of 6.42%. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.27 billion. During the same period in the prior year, the business posted $3.80 EPS. Lear’s revenue was up 15.5% on a year-over-year basis. equities research analysts anticipate that Lear will post 18.85 EPS for the current year.

Lear declared that its board has initiated a stock buyback program on Wednesday, February 14th that permits the company to repurchase $954.00 million in outstanding shares. This repurchase authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Wednesday, March 7th were issued a $0.70 dividend. This is a positive change from Lear’s previous quarterly dividend of $0.50. This represents a $2.80 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Tuesday, March 6th. Lear’s payout ratio is currently 16.47%.

In related news, Director Donald L. Runkle sold 1,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $190.67, for a total transaction of $190,670.00. Following the completion of the transaction, the director now directly owns 2,944 shares in the company, valued at $561,332.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mel Stephens sold 17,006 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $193.00, for a total transaction of $3,282,158.00. Following the completion of the transaction, the senior vice president now owns 15,694 shares of the company’s stock, valued at approximately $3,028,942. The disclosure for this sale can be found here. Insiders sold 261,115 shares of company stock worth $49,699,331 over the last ninety days. Corporate insiders own 0.49% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Nordea Investment Management AB increased its stake in shares of Lear by 16,648.5% during the third quarter. Nordea Investment Management AB now owns 381,865 shares of the auto parts company’s stock worth $66,093,000 after purchasing an additional 379,585 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in shares of Lear by 501.7% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 251,248 shares of the auto parts company’s stock worth $44,387,000 after purchasing an additional 209,493 shares in the last quarter. Capital Growth Management LP purchased a new stake in shares of Lear during the third quarter worth about $27,693,000. First Quadrant L P CA increased its stake in shares of Lear by 1,082.2% during the fourth quarter. First Quadrant L P CA now owns 113,871 shares of the auto parts company’s stock worth $20,116,000 after purchasing an additional 104,239 shares in the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Lear by 12.5% during the fourth quarter. APG Asset Management N.V. now owns 887,521 shares of the auto parts company’s stock worth $130,571,000 after purchasing an additional 98,900 shares in the last quarter. Institutional investors and hedge funds own 95.77% of the company’s stock.

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About Lear

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components primarily to automotive original equipment manufacturers worldwide. The company operates through Seating and E-Systems segments. The Seating segment includes seat systems and related components, such as leather and fabric products, seat trim covers, recliner mechanisms, seat tracks, seat structures and mechanisms, seat foams, and headrests primarily for automobiles and light trucks, compact cars, and sport utility vehicles, as well as thermoelectric seat heating and cooling systems.

Analyst Recommendations for Lear (NYSE:LEA)

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