Lear Corp. (NYSE:LEA) shares gapped up before the market opened on Thursday . The stock had previously closed at $111.09, but opened at $111.20. Lear Corp. shares last traded at $112.27, with a volume of 346,246 shares traded.

A number of research firms have weighed in on LEA. Zacks Investment Research downgraded Lear Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. JPMorgan Chase & Co. upped their target price on Lear Corp. from $129.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Citigroup Inc. upped their target price on Lear Corp. from $145.00 to $153.00 and gave the stock a “buy” rating in a report on Tuesday. Bank of America Corp. downgraded Lear Corp. from a “buy” rating to a “neutral” rating in a report on Tuesday, June 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $136.00 target price (up previously from $124.00) on shares of Lear Corp. in a report on Thursday, April 28th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $127.33.

The firm has a market cap of $7.98 billion and a price-to-earnings ratio of 8.93. The stock’s 50-day moving average is $109.67 and its 200-day moving average is $109.27.

Lear Corp. (NYSE:LEA) last announced its quarterly earnings data on Thursday, July 28th. The company reported $3.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.32 by $0.34. During the same period in the previous 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 firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts anticipate that Lear Corp. will post $13.22 earnings per share for the current fiscal year.

In other news, insider Jay K. Kunkel sold 653 shares of Lear Corp. stock in a transaction that occurred 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 completion of the sale, the insider now owns 4,478 shares of the company’s stock, valued at $520,880.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Greg C. Smith sold 1,000 shares of Lear Corp. stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $113.95, for a total transaction of $113,950.00. Following the sale, the director now directly 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.

A number of institutional investors have modified their holdings of the stock. 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. 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. 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. I.G. Investment Management LTD. raised its position 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 last quarter. 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 valued at $14,664,000 after buying an additional 2,633 shares during the last quarter.

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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