Lear (NYSE:LEA) Sets New 1-Year Low at $104.36

Lear Co. (NYSE:LEA - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $104.36 and last traded at $105.62, with a volume of 172269 shares changing hands. The stock had previously closed at $110.17.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LEA shares. Wells Fargo & Company cut their price target on shares of Lear from $132.00 to $131.00 and set an "equal weight" rating for the company in a research note on Friday, July 26th. JPMorgan Chase & Co. reduced their target price on Lear from $179.00 to $166.00 and set an "overweight" rating on the stock in a research note on Monday, July 22nd. Bank of America dropped their price target on Lear from $205.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, July 22nd. Evercore ISI reduced their price objective on Lear from $155.00 to $145.00 and set an "in-line" rating on the stock in a research report on Monday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $132.00 price objective on shares of Lear in a report on Tuesday. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $151.40.

Lear Trading Down 4.8 %

The company has a market capitalization of $5.96 billion, a PE ratio of 11.35, a P/E/G ratio of 0.36 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.34 and a quick ratio of 1.04. The firm's 50 day moving average is $115.60 and its 200 day moving average is $125.76.

Lear (NYSE:LEA - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $3.60 EPS for the quarter, topping analysts' consensus estimates of $3.34 by $0.26. The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.02 billion. Lear had a return on equity of 14.75% and a net margin of 2.30%. The firm's revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $3.33 earnings per share. As a group, equities analysts predict that Lear Co. will post 12.79 EPS for the current year.

Lear Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $3.08 dividend on an annualized basis and a yield of 2.94%. Lear's dividend payout ratio (DPR) is 33.59%.

Institutional Trading of Lear

A number of hedge funds have recently modified their holdings of the business. Altshuler Shaham Ltd purchased a new position in Lear in the second quarter worth about $26,000. Headlands Technologies LLC bought a new position in shares of Lear during the first quarter valued at $29,000. Riverview Trust Co purchased a new stake in shares of Lear during the first quarter valued at $32,000. EverSource Wealth Advisors LLC grew its stake in shares of Lear by 70.5% in the second quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company's stock worth $32,000 after acquiring an additional 110 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Lear during the first quarter valued at approximately $62,000. Institutional investors own 97.04% 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 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.