Lear Corporation (NYSE:LEA) Receives Consensus Rating of “Hold” from Analysts

Lear Corporation (NYSE:LEA) has received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $115.00.

A number of equities research analysts have recently commented on LEA shares. Barclays upped their price objective on shares of Lear from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lear in a research report on Wednesday, October 8th. UBS Group cut their price target on shares of Lear from $109.00 to $106.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Citigroup restated a “neutral” rating on shares of Lear in a research report on Tuesday, October 14th. Finally, Bank of America cut Lear from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $135.00 to $123.00 in a research note on Wednesday, September 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd bought a new position in Lear in the third quarter worth approximately $692,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Lear by 124.6% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 54,741 shares of the auto parts company’s stock worth $5,507,000 after purchasing an additional 30,369 shares in the last quarter. Olympiad Research LP bought a new position in shares of Lear in the third quarter valued at $385,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Lear by 7.5% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 35,498 shares of the auto parts company’s stock valued at $3,571,000 after buying an additional 2,489 shares in the last quarter. Finally, Vest Financial LLC lifted its stake in shares of Lear by 134.9% in the third quarter. Vest Financial LLC now owns 25,951 shares of the auto parts company’s stock valued at $2,611,000 after buying an additional 14,904 shares in the last quarter. 97.04% of the stock is owned by institutional investors.

Lear Trading Up 1.0%

NYSE LEA opened at $104.60 on Friday. The business’s 50-day moving average price is $104.20 and its two-hundred day moving average price is $97.83. Lear has a 12 month low of $73.85 and a 12 month high of $113.10. The firm has a market capitalization of $5.57 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.82 and a beta of 1.32. The company has a current ratio of 1.34, a quick ratio of 1.07 and a debt-to-equity ratio of 0.53.

Lear (NYSE:LEA) last announced its earnings results on Friday, October 31st. The auto parts company reported $2.79 EPS for the quarter, beating the consensus estimate of $2.76 by $0.03. Lear had a return on equity of 13.94% and a net margin of 2.05%.The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same period in the prior year, the business posted $2.89 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. Lear has set its FY 2025 guidance at EPS. On average, analysts expect that Lear will post 12.89 EPS for the current year.

Lear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 3rd were issued a dividend of $0.77 per share. 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 is presently 35.94%.

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.