StockNews.com Downgrades Lear (NYSE:LEA) to Hold

Lear (NYSE:LEAGet Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company boosted their price objective on shares of Lear from $130.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Morgan Stanley boosted their price objective on shares of Lear from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. JPMorgan Chase & Co. decreased their price objective on shares of Lear from $195.00 to $179.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Benchmark boosted their price objective on shares of Lear from $188.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Finally, Barclays decreased their price objective on shares of Lear from $175.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $161.89.

Read Our Latest Stock Report on Lear

Lear Trading Down 0.1 %

LEA stock traded down $0.10 on Tuesday, hitting $144.27. 416,743 shares of the company were exchanged, compared to its average volume of 536,726. Lear has a twelve month low of $117.79 and a twelve month high of $157.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.04. The business’s fifty day moving average is $138.25 and its two-hundred day moving average is $135.60. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 0.35 and a beta of 1.54.

Lear (NYSE:LEAGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The auto parts company reported $3.03 EPS for the quarter, missing the consensus estimate of $3.12 by ($0.09). Lear had a return on equity of 14.09% and a net margin of 2.44%. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.69 billion. During the same period last year, the company posted $2.81 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, research analysts forecast that Lear will post 14.63 earnings per share for the current year.

Insider Activity at Lear

In related news, CEO Raymond E. Scott sold 10,652 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $132.86, for a total value of $1,415,224.72. Following the sale, the chief executive officer now directly owns 13,627 shares of the company’s stock, valued at $1,810,483.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lear news, CEO Raymond E. Scott sold 10,652 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $132.86, for a total transaction of $1,415,224.72. Following the sale, the chief executive officer now directly owns 13,627 shares of the company’s stock, valued at $1,810,483.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Raymond E. Scott sold 2,977 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $135.26, for a total transaction of $402,669.02. Following the sale, the chief executive officer now directly owns 2,976 shares in the company, valued at $402,533.76. The disclosure for this sale can be found here. Insiders have sold 16,379 shares of company stock valued at $2,205,121 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Lear

A number of institutional investors and hedge funds have recently modified their holdings of LEA. FNY Investment Advisers LLC acquired a new stake in shares of Lear in the 3rd quarter worth about $26,000. Belpointe Asset Management LLC grew its position in Lear by 90.8% in the 1st quarter. Belpointe Asset Management LLC now owns 290 shares of the auto parts company’s stock valued at $40,000 after buying an additional 138 shares in the last quarter. Signaturefd LLC grew its position in Lear by 32.3% in the 4th quarter. Signaturefd LLC now owns 373 shares of the auto parts company’s stock valued at $53,000 after buying an additional 91 shares in the last quarter. GAMMA Investing LLC bought a new position in Lear in the 4th quarter valued at about $56,000. Finally, UniSuper Management Pty Ltd bought a new position in Lear in the 2nd quarter valued at about $57,000. 97.04% of the stock is owned by institutional investors and hedge funds.

Lear Company Profile

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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.

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