Lear Corp. (NYSE:LEA) shares saw an uptick in trading volume on Thursday . 1,763,461 shares traded hands during mid-day trading, an increase of 72% from the previous session’s volume of 1,026,939 shares.The stock last traded at $101.79 and had previously closed at $100.54.

Several research analysts recently weighed in on LEA shares. Goldman Sachs Group Inc. upped their price target on shares of Lear Corp. from $107.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 3rd. Barclays PLC restated an “equal weight” rating and set a $125.00 price target (up previously from $119.00) on shares of Lear Corp. in a research report on Thursday, April 28th. Zacks Investment Research downgraded shares of Lear Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Royal Bank Of Canada restated an “outperform” rating and set a $136.00 price target (up previously from $124.00) on shares of Lear Corp. in a research report on Thursday, April 28th. Finally, Bank of America Corp. downgraded shares of Lear Corp. from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 21st. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $122.67.

The stock has a market capitalization of $7.51 billion and a price-to-earnings ratio of 9.24. The firm’s 50 day moving average is $111.78 and its 200-day moving average is $109.89.

Lear Corp. (NYSE:LEA) last issued its earnings results on Wednesday, April 27th. The company reported $3.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.77 by $0.63. During the same period in the previous year, the firm earned $2.28 EPS. The firm earned $4.70 billion during the quarter, compared to analysts’ expectations of $4.67 billion. The firm’s revenue was up 3.1% on a year-over-year basis. Equities analysts forecast that Lear Corp. will post $12.85 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 10th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, June 8th.

In related news, insider Jay K. Kunkel sold 653 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $116.32, for a total value of $75,956.96. Following the completion of the sale, the insider now owns 4,478 shares in the company, valued at $520,880.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Greg C. Smith sold 1,000 shares of the firm’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $113.95, for a total transaction of $113,950.00. Following the completion of the sale, the director now owns 13,822 shares of the company’s stock, valued at approximately $1,575,016.90. The disclosure for this sale can be found here.

Several hedge funds recently made changes to their positions in LEA. Gulf International Bank UK Ltd boosted its stake in shares of Lear Corp. by 0.5% in the fourth quarter. Gulf International Bank UK Ltd now owns 21,970 shares of the company’s stock valued at $2,699,000 after buying an additional 120 shares during the period. I.G. Investment Management LTD. boosted its stake in shares of Lear Corp. by 0.3% in the fourth quarter. I.G. Investment Management LTD. now owns 126,554 shares of the company’s stock valued at $15,545,000 after buying an additional 349 shares during the period. Swiss National Bank boosted its stake in shares of Lear Corp. by 0.4% in the fourth quarter. Swiss National Bank now owns 139,300 shares of the company’s stock valued at $17,110,000 after buying an additional 500 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in shares of Lear Corp. by 6.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 9,589 shares of the company’s stock valued at $1,178,000 after buying an additional 548 shares during the period. Finally, Herndon Capital Management LLC boosted its stake in shares of Lear Corp. by 9.2% in the fourth quarter. Herndon Capital Management LLC now owns 8,257 shares of the company’s stock valued at $1,014,000 after buying an additional 699 shares during the period.

Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company operates through two segments: seating and electrical.

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