Lear Co. (NYSE:LEA) Receives $123.36 Consensus PT from Brokerages

Lear Co. (NYSE:LEA) has received an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $123.36.

LEA has been the topic of a number of recent analyst reports. Cowen lowered shares of Lear from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Barclays dropped their target price on shares of Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Morgan Stanley cut their target price on Lear from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. UBS Group decreased their price target on Lear from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Finally, TD Cowen cut Lear from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research report on Friday, March 7th.

Insider Transactions at Lear

In related news, Director Rod Lache purchased 2,178 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $91.80 per share, with a total value of $199,940.40. Following the completion of the acquisition, the director now directly owns 2,178 shares of the company’s stock, valued at approximately $199,940.40. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of Lear

Institutional investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group grew its holdings in Lear by 39.1% during the 4th quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company’s stock valued at $40,000 after buying an additional 120 shares in the last quarter. Lakewood Asset Management LLC boosted its position in shares of Lear by 1.3% in the fourth quarter. Lakewood Asset Management LLC now owns 9,957 shares of the auto parts company’s stock valued at $943,000 after acquiring an additional 126 shares during the period. Quarry LP grew its stake in Lear by 13.8% during the third quarter. Quarry LP now owns 1,105 shares of the auto parts company’s stock valued at $121,000 after acquiring an additional 134 shares in the last quarter. Addison Advisors LLC increased its holdings in Lear by 68.2% during the 4th quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 137 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Lear by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,526 shares of the auto parts company’s stock worth $385,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Lear Stock Performance

Shares of LEA opened at $94.23 on Friday. The firm has a market capitalization of $5.05 billion, a P/E ratio of 10.54, a P/E/G ratio of 0.49 and a beta of 1.44. Lear has a 52 week low of $86.28 and a 52 week high of $147.11. The stock has a 50 day moving average price of $95.41 and a two-hundred day moving average price of $98.81. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.32.

Lear (NYSE:LEA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. Equities analysts forecast that Lear will post 12.89 earnings per share for the current fiscal year.

Lear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.77 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.08 dividend on an annualized basis and a yield of 3.27%. Lear’s dividend payout ratio is presently 34.45%.

About Lear

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.