Yousif Capital Management LLC Has $1.99 Million Stake in Lear Corporation $LEA

Yousif Capital Management LLC decreased its stake in Lear Corporation (NYSE:LEA) by 1.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 20,915 shares of the auto parts company’s stock after selling 318 shares during the period. Yousif Capital Management LLC’s holdings in Lear were worth $1,987,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LEA. GAMMA Investing LLC lifted its stake in Lear by 57.9% in the first quarter. GAMMA Investing LLC now owns 938 shares of the auto parts company’s stock valued at $83,000 after buying an additional 344 shares during the period. Fifth Third Bancorp lifted its stake in Lear by 131.8% in the first quarter. Fifth Third Bancorp now owns 765 shares of the auto parts company’s stock valued at $67,000 after buying an additional 435 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Lear by 88.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,249 shares of the auto parts company’s stock valued at $640,000 after buying an additional 3,409 shares during the period. State of Alaska Department of Revenue lifted its stake in Lear by 62.3% in the first quarter. State of Alaska Department of Revenue now owns 26,283 shares of the auto parts company’s stock valued at $2,318,000 after buying an additional 10,085 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in Lear by 14.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,912 shares of the auto parts company’s stock valued at $433,000 after buying an additional 613 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

Lear Stock Down 1.0%

NYSE:LEA opened at $99.42 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.07 and a current ratio of 1.34. The company has a market cap of $5.29 billion, a PE ratio of 11.60, a PEG ratio of 0.79 and a beta of 1.32. Lear Corporation has a 52-week low of $73.85 and a 52-week high of $113.10. The stock has a 50-day simple moving average of $104.30 and a 200 day simple moving average of $96.23.

Lear (NYSE:LEA) last posted its quarterly earnings data on Friday, July 25th. The auto parts company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.24. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.89 billion. Lear had a return on equity of 13.94% and a net margin of 2.05%.Lear’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the company earned $3.60 earnings per share. Lear has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Lear Corporation will post 12.89 EPS for the current fiscal year.

Lear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 3rd were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, September 3rd. Lear’s dividend payout ratio (DPR) is currently 35.94%.

Insider Buying and Selling

In other Lear news, CEO Raymond E. Scott sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $96.77, for a total value of $483,850.00. Following the completion of the transaction, the chief executive officer directly owned 38,729 shares in the company, valued at $3,747,805.33. This trade represents a 11.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason M. Cardew sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $98.47, for a total value of $492,350.00. Following the completion of the transaction, the chief financial officer owned 20,244 shares of the company’s stock, valued at approximately $1,993,426.68. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on Lear from $113.00 to $108.00 and set an “equal weight” rating on the stock in a report on Friday, October 3rd. Wall Street Zen raised Lear from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Bank of America cut Lear from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $135.00 to $123.00 in a research note on Wednesday, September 10th. Citigroup reissued a “neutral” rating on shares of Lear in a research note on Tuesday. Finally, Barclays increased their target price on Lear from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $113.70.

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.