Campbell & CO Investment Adviser LLC Buys Shares of 18,279 Lear Corporation $LEA

Campbell & CO Investment Adviser LLC purchased a new position in Lear Corporation (NYSE:LEA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,279 shares of the auto parts company’s stock, valued at approximately $1,736,000.

A number of other institutional investors have also recently made changes to their positions in LEA. IFP Advisors Inc lifted its holdings in shares of Lear by 1,384.2% during the 2nd quarter. IFP Advisors Inc now owns 282 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 263 shares during the last quarter. WPG Advisers LLC purchased a new stake in Lear during the first quarter valued at about $39,000. Bessemer Group Inc. lifted its stake in Lear by 100.0% during the second quarter. Bessemer Group Inc. now owns 454 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 227 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Lear by 610.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 639 shares of the auto parts company’s stock worth $61,000 after purchasing an additional 549 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its position in shares of Lear by 2,682.9% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 974 shares of the auto parts company’s stock valued at $93,000 after purchasing an additional 939 shares during the last quarter. Institutional investors own 97.04% of the company’s stock.

Lear Trading Down 1.9%

NYSE:LEA opened at $108.01 on Tuesday. The firm has a market capitalization of $5.60 billion, a P/E ratio of 12.60, a P/E/G ratio of 0.82 and a beta of 1.38. The company has a quick ratio of 1.07, a current ratio of 1.34 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $104.02 and a 200 day moving average of $99.27. Lear Corporation has a 52 week low of $73.85 and a 52 week high of $113.10.

Lear (NYSE:LEA) last released its quarterly earnings data on Friday, October 31st. The auto parts company reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.03. The firm had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.63 billion. Lear had a net margin of 2.05% and a return on equity of 13.94%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.89 earnings per share. Lear has set its FY 2025 guidance at EPS. On average, research analysts predict that Lear Corporation will post 12.89 earnings per share for the current year.

Lear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Wednesday, September 3rd. Lear’s dividend payout ratio (DPR) is currently 37.65%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LEA. UBS Group dropped their target price on Lear from $109.00 to $106.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Wall Street Zen downgraded shares of Lear from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Citigroup restated a “neutral” rating on shares of Lear in a report on Tuesday, October 14th. Wells Fargo & Company increased their target price on shares of Lear from $108.00 to $112.00 and gave the company an “equal weight” rating in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Lear from $133.00 to $138.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $118.60.

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.