LSV Asset Management Purchases 31,203 Shares of Lear Corporation $LEA

LSV Asset Management boosted its position in Lear Corporation (NYSE:LEA) by 4.8% in the third quarter, Holdings Channel.com reports. The firm owned 680,931 shares of the auto parts company’s stock after buying an additional 31,203 shares during the quarter. LSV Asset Management’s holdings in Lear were worth $68,508,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of LEA. IFP Advisors Inc increased its stake in shares of Lear by 1,384.2% in the 2nd quarter. IFP Advisors Inc now owns 282 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 263 shares in the last quarter. WealthCollab LLC bought a new stake in Lear during the second quarter worth about $28,000. Quent Capital LLC purchased a new stake in Lear in the third quarter worth about $38,000. Farther Finance Advisors LLC grew its holdings in Lear by 34.0% in the third quarter. Farther Finance Advisors LLC now owns 422 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 107 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Lear by 100.0% during the second quarter. Bessemer Group Inc. now owns 454 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 227 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LEA. Argus upgraded Lear to a “strong-buy” rating in a research note on Monday. Wells Fargo & Company boosted their target price on Lear from $123.00 to $131.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. TD Cowen raised their price target on Lear from $117.00 to $133.00 and gave the company a “hold” rating in a report on Thursday, February 5th. Barclays set a $140.00 price target on Lear in a research report on Thursday, February 5th. Finally, UBS Group increased their price objective on shares of Lear from $135.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $135.10.

Lear Trading Down 1.5%

Lear stock opened at $136.78 on Friday. Lear Corporation has a one year low of $73.85 and a one year high of $142.84. The business’s fifty day moving average is $120.91 and its 200 day moving average is $109.69. The stock has a market capitalization of $7.09 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 1.09 and a beta of 1.30. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.35 and a quick ratio of 1.05.

Lear (NYSE:LEA) last issued its earnings results on Wednesday, February 4th. The auto parts company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.74. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.78 billion. Lear had a return on equity of 13.40% and a net margin of 1.88%.Lear’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.94 EPS. On average, sell-side analysts predict that Lear Corporation will post 12.89 EPS for the current year.

Lear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Thursday, March 5th will be issued a $0.77 dividend. The ex-dividend date is Thursday, March 5th. This represents a $3.08 annualized dividend and a yield of 2.3%. Lear’s dividend payout ratio (DPR) is currently 37.79%.

Insider Transactions at Lear

In other Lear news, CFO Jason M. Cardew sold 5,000 shares of Lear stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $118.17, for a total value of $590,850.00. Following the completion of the sale, the chief financial officer owned 15,244 shares of the company’s stock, valued at approximately $1,801,383.48. The trade was a 24.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

More Lear News

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Lear’s Board declared a quarterly cash dividend of $0.77 per share — a direct shareholder return that signals management confidence in near-term cash flow. At the current quote (~$136.78) that works out to roughly a 2.3% annualized yield. Lear Declares Quarterly Cash Dividend
• Neutral Sentiment: Recent fundamentals remain supportive: Lear reported a February quarterly beat (EPS $3.41 vs. $2.67 est.; revenue $5.99B vs. $5.78B), which helps explain the board’s willingness to pay a cash dividend — but shareholders should watch upcoming guidance and free-cash-flow trends for sustainability. (No new guidance was announced in the dividend release.)
• Neutral Sentiment: Other items in the feed (theater listings, opinion pieces about options, unrelated company news) are not material to LEA’s near-term stock performance and unlikely to move the share price.

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.