Nicholas Jon Roelli Sells 2,336 Shares of Lear (NYSE:LEA) Stock

Lear Corporation (NYSE:LEA) SVP Nicholas Jon Roelli sold 2,336 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $141.38, for a total value of $330,263.68. Following the completion of the transaction, the senior vice president owned 2,339 shares in the company, valued at $330,687.82. The trade was a 49.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Lear Stock Up 1.7%

Shares of LEA opened at $145.83 on Thursday. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 0.73 and a beta of 1.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.33. The business’s fifty day moving average price is $127.03 and its two-hundred day moving average price is $122.04. Lear Corporation has a 52 week low of $86.14 and a 52 week high of $149.16.

Lear (NYSE:LEA) last announced its quarterly earnings data on Friday, May 1st. The auto parts company reported $3.87 EPS for the quarter, beating 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 business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $3.12 EPS. On average, analysts predict that Lear Corporation will post 14.61 earnings per share for the current year.

Lear Dividend Announcement

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

Institutional Trading of Lear

Several hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its stake in shares of Lear by 23.6% in the 3rd quarter. American Century Companies Inc. now owns 1,569,341 shares of the auto parts company’s stock valued at $157,891,000 after purchasing an additional 299,841 shares during the period. Capital Management Corp VA acquired a new stake in shares of Lear in the 3rd quarter valued at about $2,295,000. Oldfield Partners LLP raised its stake in shares of Lear by 5.5% in the 4th quarter. Oldfield Partners LLP now owns 644,286 shares of the auto parts company’s stock valued at $73,835,000 after purchasing an additional 33,313 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Lear in the 3rd quarter valued at about $1,420,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Lear by 124.6% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 54,741 shares of the auto parts company’s stock valued at $5,507,000 after purchasing an additional 30,369 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LEA shares. Barclays raised their price target on Lear from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Citigroup raised their price target on Lear from $177.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. UBS Group reduced their price target on Lear from $145.00 to $135.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Royal Bank Of Canada raised their price target on Lear from $134.00 to $138.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 5th. Finally, Bank of America started coverage on Lear in a research report on Wednesday, March 4th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $143.08.

Key Headlines Impacting Lear

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Lear’s most recent quarterly results were better than expected, with EPS of $3.87 beating estimates and revenue rising 4.7% year over year. That reinforces confidence in the auto parts maker’s fundamentals and helps support the stock.
• Positive Sentiment: The company also recently announced a quarterly dividend of $0.77 per share, signaling ongoing cash generation and shareholder returns.
• Neutral Sentiment: TD Cowen upgraded Lear from hold to buy and raised its price target to $165, which may be adding to bullish sentiment.
• Neutral Sentiment: SVP Nicholas Jon Roelli sold 2,336 shares at an average price of $141.38, trimming his stake by about 50%. The sale is relatively small in the context of Lear’s market capitalization, so it may be seen as routine rather than a major warning sign. SEC filing
• Neutral Sentiment: Several other headlines in the feed were unrelated education and learning articles, and do not appear to have a meaningful impact on LEA shares.

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.