Lear Co. (LEA) Given Consensus Recommendation of “Hold” by Brokerages
Lear Co. (NYSE:LEA) has been given a consensus recommendation of “Hold” by the seventeen brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $173.79.
A number of research firms recently issued reports on LEA. Zacks Investment Research downgraded shares of Lear from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded shares of Lear from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Cowen restated a “buy” rating and set a $196.00 target price on shares of Lear in a research report on Friday, October 27th. Barclays boosted their target price on shares of Lear from $171.00 to $175.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Finally, Deutsche Bank boosted their target price on shares of Lear from $167.00 to $176.00 and gave the company a “hold” rating in a research report on Thursday, October 26th.
Shares of Lear (NYSE:LEA) opened at $186.15 on Friday. Lear has a one year low of $132.01 and a one year high of $186.88. The company has a current ratio of 1.34, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. The company has a market cap of $12,166.34, a price-to-earnings ratio of 11.61, a PEG ratio of 1.41 and a beta of 1.44.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Friday, December 8th were issued a $0.50 dividend. The ex-dividend date was Thursday, December 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.07%. Lear’s payout ratio is 12.47%.
In other Lear news, SVP Mel Stephens sold 796 shares of Lear stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $179.00, for a total value of $142,484.00. Following the completion of the transaction, the senior vice president now owns 40,000 shares of the company’s stock, valued at $7,160,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Terrence B. Larkin sold 1,137 shares of Lear stock in a transaction on Monday, November 20th. The shares were sold at an average price of $177.74, for a total transaction of $202,090.38. Following the completion of the transaction, the executive vice president now directly owns 6,912 shares of the company’s stock, valued at approximately $1,228,538.88. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its stake in shares of Lear by 10.9% during the second quarter. Toronto Dominion Bank now owns 852 shares of the auto parts company’s stock worth $121,000 after purchasing an additional 84 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Lear during the second quarter worth about $126,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Lear during the third quarter worth about $210,000. Calamos Advisors LLC purchased a new stake in shares of Lear during the third quarter worth about $216,000. Finally, Balasa Dinverno & Foltz LLC purchased a new stake in shares of Lear during the third quarter worth about $254,000. 91.60% of the stock is owned by institutional investors and hedge funds.
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Lear Company Profile
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’s segments include Seating and E-Systems.
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