Delphi Management Inc. MA Increases Stake in Lear Co. (NYSE:LEA)

Delphi Management Inc. MA boosted its stake in Lear Co. (NYSE:LEA) by 36.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,184 shares of the auto parts company’s stock after purchasing an additional 584 shares during the period. Delphi Management Inc. MA’s holdings in Lear were worth $249,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of LEA. Altshuler Shaham Ltd purchased a new position in Lear in the 2nd quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in Lear in the 1st quarter worth approximately $29,000. Riverview Trust Co purchased a new position in Lear in the 1st quarter worth approximately $32,000. EverSource Wealth Advisors LLC increased its stake in Lear by 70.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 110 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Lear during the first quarter valued at approximately $62,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

Lear Price Performance

Shares of LEA stock opened at $109.15 on Tuesday. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.43 and a beta of 1.45. The business’s fifty day moving average is $112.52 and its 200 day moving average is $122.45. Lear Co. has a twelve month low of $101.67 and a twelve month high of $147.11. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.56.

Lear (NYSE:LEA) last released its earnings results on Thursday, July 25th. The auto parts company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.34 by $0.26. Lear had a return on equity of 14.75% and a net margin of 2.30%. The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the company posted $3.33 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Research analysts expect that Lear Co. will post 12.66 EPS for the current fiscal year.

Lear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.82%. The ex-dividend date was Wednesday, September 4th. Lear’s dividend payout ratio (DPR) is 33.59%.

Analysts Set New Price Targets

Several research firms have recently issued reports on LEA. Wells Fargo & Company reduced their target price on Lear from $131.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Friday, September 20th. Evercore ISI reduced their target price on Lear from $155.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, July 15th. Bank of America reduced their target price on Lear from $205.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. UBS Group reduced their target price on Lear from $136.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $132.00 target price on shares of Lear in a research note on Tuesday, September 10th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.20.

Lear Profile

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.