Lear (LEA) Raised to “Hold” at ValuEngine

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ValuEngine upgraded shares of Lear (NYSE:LEA) from a sell rating to a hold rating in a research note released on Wednesday.

A number of other research firms have also recently weighed in on LEA. Barclays set a $140.00 price objective on shares of Lear and gave the company a hold rating in a research report on Friday, January 4th. Buckingham Research decreased their price objective on shares of Lear from $150.00 to $145.00 and set a hold rating for the company in a research report on Friday, October 26th. Zacks Investment Research raised shares of Lear from a sell rating to a hold rating in a research report on Monday, November 19th. Wolfe Research initiated coverage on shares of Lear in a research report on Tuesday, October 2nd. They issued an outperform rating for the company. Finally, Goldman Sachs Group raised shares of Lear from a neutral rating to a buy rating and set a $195.00 price objective for the company in a research report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $194.19.

Lear stock traded up $1.02 during trading on Wednesday, reaching $146.32. 758,837 shares of the company’s stock were exchanged, compared to its average volume of 742,380. The company has a current ratio of 1.37, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44. Lear has a 52-week low of $114.45 and a 52-week high of $206.36. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 3.20 and a beta of 1.28.

Lear (NYSE:LEA) last announced its quarterly earnings results on Thursday, October 25th. The auto parts company reported $4.09 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.06). The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.95 billion. Lear had a return on equity of 28.11% and a net margin of 6.14%. Analysts forecast that Lear will post 18.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 26th. Investors of record on Friday, December 7th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $2.80 annualized dividend and a yield of 1.91%. Lear’s dividend payout ratio (DPR) is 16.47%.

In related news, Director Richard Harold Bott sold 789 shares of the stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $135.13, for a total transaction of $106,617.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.43% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in shares of Lear by 86.4% in the third quarter. First Trust Advisors LP now owns 354,612 shares of the auto parts company’s stock valued at $51,419,000 after purchasing an additional 164,390 shares during the period. Andra AP fonden increased its stake in shares of Lear by 5.9% in the third quarter. Andra AP fonden now owns 39,400 shares of the auto parts company’s stock valued at $5,713,000 after purchasing an additional 2,200 shares during the period. grace capital acquired a new stake in shares of Lear in the second quarter valued at approximately $1,120,000. Scout Investments Inc. increased its stake in shares of Lear by 0.5% in the third quarter. Scout Investments Inc. now owns 130,759 shares of the auto parts company’s stock valued at $18,960,000 after purchasing an additional 648 shares during the period. Finally, Sensato Investors LLC acquired a new stake in shares of Lear in the second quarter valued at approximately $1,096,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Lear Company Profile

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components primarily to automotive original equipment manufacturers worldwide. The company operates through Seating and E-Systems segments. The Seating segment includes seat systems and related components, such as leather and fabric products, seat trim covers, recliner mechanisms, seat tracks, seat structures and mechanisms, seat foams, and headrests primarily for automobiles and light trucks, compact cars, and sport utility vehicles, as well as thermoelectric seat heating and cooling systems.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Lear (NYSE:LEA)

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