Lear Co. (NYSE:LEA) – Stock analysts at Jefferies Financial Group issued their Q1 2019 EPS estimates for shares of Lear in a research note issued on Monday, December 3rd. Jefferies Financial Group analyst D. Kelley expects that the auto parts company will earn $4.63 per share for the quarter. Jefferies Financial Group has a “Buy” rating and a $166.00 price target on the stock. Jefferies Financial Group also issued estimates for Lear’s Q3 2019 earnings at $4.57 EPS and Q4 2019 earnings at $4.92 EPS.
A number of other equities research analysts have also recently commented on the stock. ValuEngine raised shares of Lear from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Zacks Investment Research upgraded shares of Lear from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. Morgan Stanley lowered their target price on shares of Lear from $214.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. Buckingham Research lowered their price target on shares of Lear from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Friday, October 26th. Finally, Barclays reiterated a “hold” rating and issued a $170.00 price target on shares of Lear in a research report on Wednesday, October 17th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Lear has an average rating of “Buy” and an average target price of $197.27.
Shares of LEA opened at $136.18 on Wednesday. Lear has a 1-year low of $128.05 and a 1-year high of $206.36. The firm has a market capitalization of $8.74 billion, a P/E ratio of 8.01 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 1.11.
Lear (NYSE:LEA) last issued its earnings results on Thursday, October 25th. The auto parts company reported $4.09 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.06). The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.95 billion. Lear had a return on equity of 28.11% and a net margin of 6.14%.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Friday, December 7th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, December 6th. Lear’s payout ratio is presently 16.47%.
In other Lear news, Director Richard Harold Bott sold 789 shares of Lear stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $135.13, for a total value of $106,617.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.43% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in LEA. HighPoint Advisor Group LLC increased its holdings in Lear by 30.3% in the 2nd quarter. HighPoint Advisor Group LLC now owns 1,276 shares of the auto parts company’s stock valued at $220,000 after buying an additional 297 shares during the period. Vident Investment Advisory LLC lifted its position in Lear by 1.9% during the 2nd quarter. Vident Investment Advisory LLC now owns 19,024 shares of the auto parts company’s stock worth $3,535,000 after buying an additional 352 shares in the last quarter. Eagle Asset Management Inc. lifted its position in Lear by 1.1% during the 2nd quarter. Eagle Asset Management Inc. now owns 38,545 shares of the auto parts company’s stock valued at $7,162,000 after purchasing an additional 430 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Lear by 1.0% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 44,100 shares of the auto parts company’s stock valued at $6,395,000 after purchasing an additional 441 shares during the period. Finally, Comerica Bank lifted its position in Lear by 4.6% during the 2nd quarter. Comerica Bank now owns 11,155 shares of the auto parts company’s stock valued at $2,126,000 after purchasing an additional 493 shares during the period. Hedge funds and other institutional investors own 91.62% 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 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.
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