Lear (NYSE:LEA) Now Covered by Analysts at Wolfe Research

Wolfe Research started coverage on shares of Lear (NYSE:LEA - Free Report) in a research note released on Thursday morning, StockNewsAPI reports. The brokerage issued a peer perform rating on the auto parts company's stock.

LEA has been the topic of several other research reports. Evercore ISI decreased their price target on Lear from $155.00 to $145.00 and set an in-line rating on the stock in a research note on Monday, July 15th. Barclays lowered their target price on shares of Lear from $155.00 to $150.00 and set an overweight rating for the company in a research note on Monday, July 29th. UBS Group dropped their price target on shares of Lear from $136.00 to $128.00 and set a neutral rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. decreased their price objective on shares of Lear from $179.00 to $166.00 and set an overweight rating on the stock in a report on Monday, July 22nd. Finally, Citigroup dropped their target price on shares of Lear from $141.00 to $127.00 and set a neutral rating for the company in a report on Friday, July 12th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $153.56.

Lear Trading Down 0.1 %

Lear stock traded down $0.06 during midday trading on Thursday, hitting $113.68. 350,791 shares of the stock were exchanged, compared to its average volume of 635,972. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.38 and a beta of 1.45. The stock's 50-day simple moving average is $115.76 and its 200 day simple moving average is $126.34. Lear has a fifty-two week low of $107.25 and a fifty-two week high of $147.52.

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

Lear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, September 4th. Lear's dividend payout ratio is currently 33.59%.

Institutional Investors Weigh In On Lear

Several large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new position in shares of Lear during the second quarter worth about $211,000. Delphi Management Inc. MA lifted its stake in Lear by 36.5% in the second quarter. Delphi Management Inc. MA now owns 2,184 shares of the auto parts company's stock worth $249,000 after acquiring an additional 584 shares during the last quarter. Quarry LP grew its holdings in Lear by 299.6% during the 2nd quarter. Quarry LP now owns 971 shares of the auto parts company's stock worth $111,000 after acquiring an additional 728 shares in the last quarter. Systematic Financial Management LP raised its holdings in shares of Lear by 1.0% in the 2nd quarter. Systematic Financial Management LP now owns 16,339 shares of the auto parts company's stock valued at $1,866,000 after purchasing an additional 155 shares in the last quarter. Finally, Algert Global LLC lifted its position in shares of Lear by 244.8% during the 2nd quarter. Algert Global LLC now owns 7,275 shares of the auto parts company's stock worth $831,000 after purchasing an additional 5,165 shares during the last quarter. Hedge funds and other 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.