Lear Co. (NYSE:LEA - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $76.66 and last traded at $77.32, with a volume of 227556 shares changing hands. The stock had previously closed at $81.45.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on Lear from $147.00 to $143.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Morgan Stanley reduced their target price on shares of Lear from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Barclays dropped their price target on shares of Lear from $120.00 to $115.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. StockNews.com raised shares of Lear from a "hold" rating to a "buy" rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $84.00 target price (down previously from $117.00) on shares of Lear in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Lear has an average rating of "Hold" and an average price target of $117.00.
Get Our Latest Research Report on Lear
Lear Trading Up 1.4 %
The company has a fifty day simple moving average of $92.09 and a two-hundred day simple moving average of $96.25. The stock has a market capitalization of $4.14 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 0.49 and a beta of 1.34. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59.
Lear (NYSE:LEA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. On average, sell-side analysts expect that Lear Co. will post 12.89 earnings per share for the current year.
Lear Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Thursday, March 6th were issued a dividend of $0.77 per share. The ex-dividend date was Thursday, March 6th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.98%. Lear's payout ratio is 34.45%.
Insider Buying and Selling
In other news, Director Rod Lache bought 2,178 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $91.80 per share, for a total transaction of $199,940.40. Following the purchase, the director now owns 2,178 shares of the company's stock, valued at approximately $199,940.40. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.79% of the company's stock.
Institutional Trading of Lear
A number of institutional investors have recently made changes to their positions in the business. Rhumbline Advisers lifted its position in Lear by 0.6% during the 1st quarter. Rhumbline Advisers now owns 153,953 shares of the auto parts company's stock worth $13,582,000 after buying an additional 843 shares in the last quarter. GAMMA Investing LLC raised its holdings in Lear by 13,831.0% during the first quarter. GAMMA Investing LLC now owns 82,750 shares of the auto parts company's stock worth $7,300,000 after acquiring an additional 82,156 shares in the last quarter. Wellington Management Group LLP boosted its position in Lear by 5.2% during the fourth quarter. Wellington Management Group LLP now owns 3,709 shares of the auto parts company's stock valued at $351,000 after purchasing an additional 183 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Lear by 29.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,840 shares of the auto parts company's stock valued at $364,000 after purchasing an additional 876 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Lear during the 4th quarter worth approximately $2,329,000. Institutional investors own 97.04% of the company's stock.
About Lear
(
Get Free Report)
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.
Further Reading
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