Inceptionr LLC Takes Position in Lear Corporation $LEA

Inceptionr LLC acquired a new position in shares of Lear Corporation (NYSE:LEA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,790 shares of the auto parts company’s stock, valued at approximately $459,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Life Cycle Investment Partners Ltd bought a new stake in shares of Lear in the fourth quarter valued at about $22,539,000. Impax Asset Management Group plc raised its position in Lear by 33.1% in the 4th quarter. Impax Asset Management Group plc now owns 17,264 shares of the auto parts company’s stock valued at $1,978,000 after buying an additional 4,293 shares during the last quarter. Convergence Investment Partners LLC lifted its stake in Lear by 154.6% in the 4th quarter. Convergence Investment Partners LLC now owns 24,720 shares of the auto parts company’s stock valued at $2,833,000 after acquiring an additional 15,010 shares in the last quarter. Leuthold Group LLC lifted its stake in Lear by 41.5% in the 4th quarter. Leuthold Group LLC now owns 47,513 shares of the auto parts company’s stock valued at $5,445,000 after acquiring an additional 13,937 shares in the last quarter. Finally, Norges Bank acquired a new position in Lear during the 4th quarter worth approximately $82,016,000. 97.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Nicholas Jon Roelli sold 2,336 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $141.38, for a total transaction of $330,263.68. Following the completion of the sale, the senior vice president owned 2,339 shares of the company’s stock, valued at $330,687.82. This represents a 49.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Conrad L. Mallett, Jr. sold 190 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $141.34, for a total transaction of $26,854.60. Following the sale, the director owned 1,683 shares in the company, valued at $237,875.22. The trade was a 10.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,026 shares of company stock worth $8,498,248 in the last ninety days. 1.02% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Lear from $138.00 to $143.00 and gave the stock a “sector perform” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. increased their target price on shares of Lear from $153.00 to $159.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. TD Cowen raised shares of Lear from a “hold” rating to a “buy” rating and raised their target price for the company from $138.00 to $165.00 in a research report on Tuesday, May 26th. UBS Group cut their price target on shares of Lear from $145.00 to $135.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Finally, The Goldman Sachs Group increased their price objective on shares of Lear from $115.00 to $131.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Lear presently has an average rating of “Hold” and a consensus target price of $144.62.

Lear Trading Up 0.0%

Shares of LEA stock opened at $143.65 on Monday. The stock has a market cap of $7.20 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 0.69 and a beta of 1.25. Lear Corporation has a 1 year low of $91.67 and a 1 year high of $150.33. 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 has a 50 day simple moving average of $139.11 and a 200 day simple moving average of $130.47.

Lear (NYSE:LEA) last posted its quarterly earnings data on Friday, May 1st. The auto parts company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.36. The firm had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.84 billion. Lear had a return on equity of 13.69% and a net margin of 2.25%.The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $3.12 EPS. On average, research analysts predict that Lear Corporation will post 14.81 earnings per share for the current fiscal year.

Lear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd were given a $0.77 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.1%. Lear’s dividend payout ratio (DPR) is presently 30.80%.

More Lear News

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Analysts say Lear Corporation (LEA) has the ingredients for a potential earnings beat in its upcoming quarterly report, which could support the stock if results and guidance come in better than expected. Article: Lear (LEA) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Positive Sentiment: A separate article highlights Lear Corporation (LEA) as a top value stock for the long term, which may be helping investor sentiment amid its relatively low valuation metrics versus earnings growth expectations. Article: Why Lear (LEA) is a top value stock for the long term
• Neutral Sentiment: Several other items in the feed were unrelated to Lear Corporation or did not include company-specific news, so they are unlikely to be a direct driver of LEA trading today.

About Lear

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.