Investors purchased shares of Lear Corp. (NYSE:LEA) on weakness during trading on Thursday. $80.35 million flowed into the stock on the tick-up and $61.59 million flowed out of the stock on the tick-down, for a money net flow of $18.76 million into the stock. Of all equities tracked, Lear Corp. had the 21st highest net in-flow for the day. Lear Corp. traded down ($6.38) for the day and closed at $110.06

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

The stock has a market cap of $8.12 billion and a price-to-earnings ratio of 9.99. The firm has a 50 day moving average price of $110.06 and a 200-day moving average price of $109.13.

Lear Corp. (NYSE:LEA) last released its quarterly earnings results on Thursday, July 28th. The company reported $3.66 EPS for the quarter, beating the Zacks’ consensus estimate of $3.32 by $0.34. During the same period in the prior year, the business earned $2.82 EPS. The firm earned $4.70 billion during the quarter, compared to the consensus estimate of $4.86 billion. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts expect that Lear Corp. will post $12.84 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 10th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Wednesday, June 8th.

In related news, insider Jay K. Kunkel sold 653 shares of the business’s stock in a transaction on 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 owns 4,478 shares of the company’s stock, valued at $520,880.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greg C. Smith sold 1,000 shares of the business’s stock in a transaction on 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 directly owns 13,822 shares in the company, valued at approximately $1,575,016.90. The disclosure for this sale can be found here.

Other institutional investors recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position 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 worth $1,178,000 after buying an additional 548 shares during the period. US Bancorp DE raised its position in shares of Lear Corp. by 12.9% in the fourth quarter. US Bancorp DE now owns 39,638 shares of the company’s stock worth $4,869,000 after buying an additional 4,541 shares during the period. 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 worth $91,287,000 after buying an additional 108,020 shares during the period. Herndon Capital Management LLC raised its position 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 worth $1,014,000 after buying an additional 699 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. raised its position in shares of Lear Corp. by 2.3% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 117,828 shares of the company’s stock worth $14,664,000 after buying an additional 2,633 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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