Lear (NYSE:LEA) Rating Reiterated by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of Lear (NYSE:LEA - Free Report) in a report published on Tuesday morning, Marketbeat.com reports. The firm currently has a $132.00 price target on the auto parts company's stock.

A number of other analysts also recently issued reports on LEA. Bank of America lowered their price objective on shares of Lear from $205.00 to $185.00 and set a buy rating on the stock in a report on Monday, July 22nd. StockNews.com raised shares of Lear from a hold rating to a buy rating in a research report on Friday, July 26th. Morgan Stanley decreased their price objective on Lear from $160.00 to $150.00 and set an overweight rating for the company in a report on Wednesday, August 14th. Evercore ISI lowered their target price 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, UBS Group reduced their price target on Lear from $136.00 to $128.00 and set a neutral rating for the company in a research report on Wednesday, July 10th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $151.40.

Lear Stock Down 4.8 %

LEA traded down $5.28 during trading on Tuesday, hitting $104.89. The company had a trading volume of 1,110,934 shares, compared to its average volume of 638,785. The company has a market capitalization of $5.96 billion, a PE ratio of 11.44, a PEG ratio of 0.36 and a beta of 1.45. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.56. Lear has a one year low of $103.12 and a one year high of $147.11. The firm's 50-day moving average price is $115.40 and its 200 day moving average price is $125.55.

Lear (NYSE:LEA - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $3.60 EPS for the quarter, beating analysts' consensus estimates of $3.34 by $0.26. The company had revenue of $6.01 billion for 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 company's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.33 earnings per share. As a group, equities analysts expect that Lear will post 12.79 earnings per share for the current year.

Lear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Wednesday, September 4th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Wednesday, September 4th. Lear's payout ratio is presently 33.59%.

Institutional Investors Weigh In On Lear

Several hedge funds have recently added to or reduced their stakes in the business. State of Michigan Retirement System raised its position in shares of Lear by 0.5% in the first quarter. State of Michigan Retirement System now owns 18,393 shares of the auto parts company's stock valued at $2,665,000 after purchasing an additional 100 shares during the period. Daiwa Securities Group Inc. lifted its position in Lear by 2.7% during the first quarter. Daiwa Securities Group Inc. now owns 3,828 shares of the auto parts company's stock worth $555,000 after acquiring an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Lear by 70.5% during 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. Wealth Enhancement Advisory Services LLC grew its position in shares of Lear by 1.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,828 shares of the auto parts company's stock valued at $989,000 after purchasing an additional 124 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Lear by 6.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,180 shares of the auto parts company's stock worth $316,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds 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.