Lear Corp. (NYSE:LEA) gapped up before the market opened on Thursday . The stock had previously closed at $109.63, but opened at $110.16. Lear Corp. shares last traded at $112.47, with a volume of 484,652 shares traded.

Several research firms recently issued reports on LEA. Goldman Sachs Group Inc. raised their price objective 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 reiterated an “equal weight” rating and set a $125.00 price target (up from $119.00) on shares of Lear Corp. in a research report on Thursday, April 28th. Zacks Investment Research cut 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 reiterated an “outperform” rating and set a $136.00 price target (up from $124.00) on shares of Lear Corp. in a research report on Thursday, April 28th. Finally, Bank of America Corp. cut shares of Lear Corp. from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 21st. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $122.67.

The stock has a 50-day moving average price of $110.96 and a 200 day moving average price of $109.42. The stock has a market capitalization of $8.21 billion and a P/E ratio of 10.10.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 10th were issued a $0.30 dividend. The ex-dividend date was Wednesday, June 8th. This represents a $1.20 dividend on an annualized basis and a yield of 1.08%.

In other news, insider Jay K. Kunkel sold 653 shares of the stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $116.32, for a total transaction of $75,956.96. Following the transaction, the insider now directly owns 4,478 shares in the company, valued at approximately $520,880.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Greg C. Smith sold 1,000 shares of the stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $113.95, for a total transaction of $113,950.00. Following the transaction, the director now owns 13,822 shares in the company, valued at $1,575,016.90. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently made changes to their positions in the company. Morgan Stanley raised its position in shares of Lear Corp. by 40.1% in the fourth quarter. Morgan Stanley now owns 583,968 shares of the company’s stock valued at $71,730,000 after buying an additional 167,060 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Lear Corp. by 17.0% in the fourth quarter. Wells Fargo & Company MN now owns 743,194 shares of the company’s stock valued at $91,287,000 after buying an additional 108,020 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Lear Corp. by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 5,152,357 shares of the company’s stock valued at $632,863,000 after buying an additional 93,202 shares during the last quarter. Paradice Investment Management LLC raised its position in shares of Lear Corp. by 12.4% in the fourth quarter. Paradice Investment Management LLC now owns 353,649 shares of the company’s stock valued at $43,439,000 after buying an additional 39,000 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Lear Corp. during the fourth quarter valued at $4,524,000.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.