Inspire Investing LLC Has $484,000 Holdings in Lear Corporation $LEA

Inspire Investing LLC increased its stake in shares of Lear Corporation (NYSE:LEA) by 10.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,099 shares of the auto parts company’s stock after acquiring an additional 465 shares during the period. Inspire Investing LLC’s holdings in Lear were worth $484,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc raised its holdings in shares of Lear by 1,384.2% during the second 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 period. WPG Advisers LLC acquired a new stake in shares of Lear during the first quarter worth $39,000. Fifth Third Bancorp raised its holdings in shares of Lear by 131.8% during the first quarter. Fifth Third Bancorp now owns 765 shares of the auto parts company’s stock worth $67,000 after acquiring an additional 435 shares during the period. CX Institutional acquired a new stake in shares of Lear during the first quarter worth $71,000. Finally, GAMMA Investing LLC raised its holdings in shares of Lear by 57.9% during the first quarter. GAMMA Investing LLC now owns 938 shares of the auto parts company’s stock worth $83,000 after acquiring an additional 344 shares during the period. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Jason M. Cardew sold 5,000 shares of the business’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 directly owned 20,244 shares in the company, valued at approximately $1,993,426.68. The trade was a 19.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Raymond E. Scott sold 5,000 shares of the company’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 transaction of $483,850.00. Following the sale, the chief executive officer directly owned 38,729 shares of the company’s stock, valued at approximately $3,747,805.33. This trade represents a 11.43% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

Lear Price Performance

NYSE:LEA opened at $96.76 on Monday. The company has a market cap of $5.15 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.75 and a beta of 1.32. The firm’s fifty day moving average price is $103.83 and its two-hundred day moving average price is $95.89. Lear Corporation has a one year low of $73.85 and a one year high of $113.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.07.

Lear (NYSE:LEA) last announced its earnings results on Friday, July 25th. The auto parts company reported $3.47 EPS for the quarter, topping the consensus estimate 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 net margin of 2.05% and a return on equity of 13.94%. Lear’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.60 EPS. Lear has set its FY 2025 guidance at EPS. Equities analysts expect that Lear Corporation will post 12.89 earnings per share for the current year.

Lear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Wednesday, September 3rd were paid a $0.77 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $3.08 annualized dividend and a dividend yield of 3.2%. Lear’s dividend payout ratio is 35.94%.

Analyst Upgrades and Downgrades

LEA has been the topic of a number of research reports. Citigroup boosted their price objective on shares of Lear from $123.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, June 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Lear in a research report on Wednesday, October 8th. The Goldman Sachs Group set a $104.00 price objective on shares of Lear in a research report on Monday, September 29th. Wells Fargo & Company cut their price objective on shares of Lear from $113.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Friday, October 3rd. Finally, Wall Street Zen raised shares of Lear from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lear currently has an average rating of “Hold” and an average price target of $113.70.

Lear Company 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.