Lear (NYSE:LEA) Price Target Raised to $153.00

Lear (NYSE:LEA) had its price target hoisted by JPMorgan Chase & Co. from $152.00 to $153.00 in a research note issued to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto parts company’s stock.

Several other analysts also recently issued reports on LEA. Deutsche Bank Aktiengesellschaft set a $133.00 price target on Lear in a report on Monday, May 4th. Benchmark assumed coverage on Lear in a report on Thursday, February 19th. They issued a “buy” rating and a $170.00 price target on the stock. Bank of America assumed coverage on Lear in a report on Wednesday, March 4th. They issued a “neutral” rating on the stock. Morgan Stanley set a $130.00 price target on Lear in a report on Monday, May 4th. Finally, Citigroup lifted their target price on Lear from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $140.54.

Lear Trading Down 4.7%

Shares of NYSE LEA opened at $132.57 on Thursday. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.68 and a beta of 1.21. Lear has a 12-month low of $86.14 and a 12-month high of $142.84. The company has a current ratio of 1.33, a quick ratio of 1.05 and a debt-to-equity ratio of 0.51. The stock’s 50 day simple moving average is $123.96 and its 200 day simple moving average is $120.15.

Lear (NYSE:LEA) last announced its quarterly earnings results on Friday, May 1st. The auto parts company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.36. The business had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.84 billion. Lear had a return on equity of 13.69% and a net margin of 2.25%.The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $3.12 EPS. Equities research analysts expect that Lear will post 14.57 EPS for the current year.

Lear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $3.08 annualized dividend and a yield of 2.3%. Lear’s payout ratio is presently 30.80%.

Insiders Place Their Bets

In other Lear news, SVP Alicia J. Davis sold 6,630 shares of Lear stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $132.98, for a total transaction of $881,657.40. Following the sale, the senior vice president owned 9,972 shares of the company’s stock, valued at $1,326,076.56. The trade was a 39.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason M. Cardew sold 10,000 shares of Lear stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $134.51, for a total value of $1,345,100.00. Following the transaction, the chief financial officer owned 22,741 shares in the company, valued at approximately $3,058,891.91. This trade represents a 30.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 25,264 shares of company stock worth $3,400,687 over the last 90 days. Insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Lear

Hedge funds have recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in shares of Lear during the 4th quarter valued at $25,000. Los Angeles Capital Management LLC acquired a new position in shares of Lear during the 4th quarter valued at $30,000. Global Retirement Partners LLC increased its position in shares of Lear by 942.3% during the 4th quarter. Global Retirement Partners LLC now owns 271 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 245 shares during the period. WealthCollab LLC acquired a new position in shares of Lear during the 2nd quarter valued at $28,000. Finally, Allworth Financial LP increased its position in shares of Lear by 62.6% during the 3rd quarter. Allworth Financial LP now owns 309 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 119 shares during the period. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Lear News Roundup

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Lear declared a quarterly cash dividend of $0.77 per share, signaling confidence in cash generation and returning capital to shareholders. Lear Declares Quarterly Cash Dividend
• Positive Sentiment: JPMorgan Chase & Co. raised its price target on Lear to $153 from $152 and reiterated an overweight rating, reinforcing a bullish outlook for the stock. JPMorgan raises Lear price target
• Positive Sentiment: Barclays also lifted its price target on Lear to $150 from $140, suggesting analysts see more upside after the company’s recent earnings report. Barclays raises its price target on Lear Corporation
• Neutral Sentiment: Recent coverage also highlighted Lear as strengthening within the Russell 1000 and as a notable EV supply-chain name, but these items are more descriptive than immediately market-moving.
• Neutral Sentiment: News about Trump-Xi trade talks could matter for global auto parts sentiment, but the articles provided did not mention any Lear-specific tariffs, supply-chain disruptions, or demand changes.

Lear Company Profile

Lear Corporation (NYSE: LEA) is a global supplier of automotive seating and electrical distribution systems. The company designs, engineers and manufactures complete seat systems, seat components and power solutions for major vehicle manufacturers. Its electrical business delivers modules and components for battery management, infotainment, body and safety electronics, as well as advanced connectivity and electrification solutions.

The seating division develops lightweight, ergonomic seat structures, trim and mechanisms that address comfort, safety and environmental targets.