Recent Research Analysts’ Ratings Changes for Lear (LEA)

A number of firms have modified their ratings and price targets on shares of Lear (NYSE: LEA) recently:

• 6/25/2024 – Lear was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 6/25/2024 – Lear had its price target lowered by analysts at Wells Fargo & Company from $139.00 to $132.00. They now have an “equal weight” rating on the stock.
• 6/14/2024 – Lear was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 6/13/2024 – Lear had its price target lowered by analysts at UBS Group AG from $142.00 to $136.00. They now have a “neutral” rating on the stock.
• 5/16/2024 – Lear was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 5/10/2024 – Lear was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $160.00 price target on the stock, up previously from $150.00.
• 5/8/2024 – Lear was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 5/2/2024 – Lear had its price target lowered by analysts at Barclays PLC from $175.00 to $165.00. They now have an “overweight” rating on the stock.
• 5/1/2024 – Lear had its price target lowered by analysts at Citigroup Inc. from $145.00 to $141.00. They now have a “neutral” rating on the stock.
• 5/1/2024 – Lear had its price target lowered by analysts at UBS Group AG from $146.00 to $142.00. They now have a “neutral” rating on the stock.
• 5/1/2024 – Lear had its price target raised by analysts at Wells Fargo & Company from $134.00 to $139.00. They now have an “equal weight” rating on the stock.
• 4/30/2024 – Lear was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Lear Stock Down 1.0 %

Shares of Lear stock opened at $113.70 on Thursday. Lear Co. has a 12-month low of $112.55 and a 12-month high of $157.90. The company has a market cap of $6.46 billion, a P/E ratio of 12.40, a PEG ratio of 0.27 and a beta of 1.51. The company has a current ratio of 1.33, a quick ratio of 1.04 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $125.50 and its two-hundred day simple moving average is $133.28.

Lear (NYSE:LEA) last released its earnings results on Tuesday, April 30th. The auto parts company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.14. Lear had a net margin of 2.28% and a return on equity of 14.47%. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $6 billion. During the same period in the prior year, the firm posted $2.78 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Research analysts anticipate that Lear Co. will post 14.21 EPS for the current year.

Lear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Thursday, June 6th were paid a $0.77 dividend. The ex-dividend date was Thursday, June 6th. This represents a $3.08 dividend on an annualized basis and a yield of 2.71%. Lear’s payout ratio is 33.59%.

Insider Activity

In related news, Director Greg C. Smith sold 2,392 shares of Lear stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $123.86, for a total transaction of $296,273.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Lear news, Director Conrad L. Mallett, Jr. sold 1,278 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $124.55, for a total transaction of $159,174.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Greg C. Smith sold 2,392 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $123.86, for a total value of $296,273.12. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Lear

Several hedge funds have recently bought and sold shares of LEA. Nordea Investment Management AB increased its holdings in shares of Lear by 13.8% in the 4th quarter. Nordea Investment Management AB now owns 1,237,016 shares of the auto parts company’s stock valued at $174,382,000 after acquiring an additional 149,958 shares during the last quarter. Norges Bank acquired a new stake in Lear during the 4th quarter worth approximately $79,611,000. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Lear by 56.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 20,129 shares of the auto parts company’s stock valued at $2,842,000 after buying an additional 7,242 shares during the period. Alaska Permanent Fund Corp lifted its holdings in shares of Lear by 307.9% in the 1st quarter. Alaska Permanent Fund Corp now owns 12,869 shares of the auto parts company’s stock valued at $1,864,000 after buying an additional 9,714 shares during the period. Finally, ARGA Investment Management LP lifted its holdings in shares of Lear by 83.9% in the 4th quarter. ARGA Investment Management LP now owns 107,582 shares of the auto parts company’s stock valued at $15,192,000 after buying an additional 49,070 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

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.