Shares of Lear Corporation (NYSE:LEA) have been assigned a consensus rating of “Hold” from the eighteen research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $171.67.
A number of equities analysts have 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. Cowen restated a “buy” rating and set a $196.00 price objective on shares of Lear in a research report on Friday, October 27th. Barclays increased their price target on shares of Lear from $171.00 to $175.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Deutsche Bank increased their price target on shares of Lear from $167.00 to $176.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, Guggenheim downgraded shares of Lear from a “buy” rating to a “neutral” rating and set a $167.00 price target for the company. in a report on Thursday, October 26th.
In other Lear news, Director Henry D. G. Wallace sold 4,139 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $166.71, for a total transaction of $690,012.69. Following the completion of the transaction, the director now directly owns 4,100 shares in the company, valued at approximately $683,511. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Terrence B. Larkin sold 1,137 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $177.74, for a total transaction of $202,090.38. Following the transaction, 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. Insiders sold a total of 11,337 shares of company stock valued at $1,946,256 in the last quarter. Insiders own 0.49% of the company’s stock.
A number of large investors have recently bought and sold shares of LEA. Balyasny Asset Management LLC increased its holdings in Lear by 7,465.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 716,175 shares of the auto parts company’s stock valued at $101,754,000 after acquiring an additional 706,708 shares in the last quarter. Boston Partners increased its holdings 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 in the last quarter. Koch Industries Inc. purchased a new position in Lear during the 2nd quarter valued at about $485,000. Nordea Investment Management AB increased its holdings in Lear by 16,648.5% during the 3rd quarter. Nordea Investment Management AB now owns 381,865 shares of the auto parts company’s stock valued at $66,093,000 after acquiring an additional 379,585 shares in the last quarter. Finally, Capital Growth Management LP purchased a new position in Lear during the 3rd quarter valued at about $27,693,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.
Lear (NYSE LEA) opened at $177.07 on Monday. The company has a market cap of $11,962.98, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 1.47 and a beta of 1.43. 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 has a 12-month low of $131.82 and a 12-month high of $181.38.
Lear (NYSE:LEA) last announced its quarterly earnings data on Wednesday, October 25th. The auto parts company reported $3.96 EPS for the quarter, topping the Zacks’ consensus estimate of $3.80 by $0.16. The company had revenue of $4.98 billion during 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%. Lear’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.19 EPS. sell-side analysts expect that Lear will post 16.84 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Friday, December 8th will be issued a $0.50 dividend. The ex-dividend date is Thursday, December 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.13%. Lear’s dividend payout ratio is presently 12.47%.
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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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