22,814 Shares in Lear Corporation $LEA Purchased by Capital Management Corp VA

Capital Management Corp VA bought a new stake in shares of Lear Corporation (NYSE:LEA) during the third quarter, HoldingsChannel.com reports. The fund bought 22,814 shares of the auto parts company’s stock, valued at approximately $2,295,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hunter Perkins Capital Management LLC increased its position in shares of Lear by 0.8% during the second quarter. Hunter Perkins Capital Management LLC now owns 13,846 shares of the auto parts company’s stock worth $1,315,000 after acquiring an additional 107 shares during the period. Farther Finance Advisors LLC increased its holdings in Lear by 34.0% during the 3rd 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. Janney Montgomery Scott LLC raised its position in Lear by 2.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,158 shares of the auto parts company’s stock valued at $585,000 after purchasing an additional 121 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Lear by 1.2% in the third quarter. Arizona State Retirement System now owns 15,820 shares of the auto parts company’s stock valued at $1,592,000 after acquiring an additional 195 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Lear by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 24,918 shares of the auto parts company’s stock worth $2,367,000 after purchasing an additional 197 shares during the period. 97.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lear news, CFO Jason M. Cardew sold 5,000 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $118.17, for a total transaction of $590,850.00. Following the transaction, the chief financial officer directly owned 15,244 shares of the company’s stock, valued at $1,801,383.48. This trade represents a 24.70% decrease in their ownership of the stock. 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.

Lear Stock Performance

Shares of NYSE LEA opened at $117.07 on Friday. Lear Corporation has a 12 month low of $73.85 and a 12 month high of $127.36. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 0.53. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.39 and a beta of 1.30. The company has a 50 day simple moving average of $116.31 and a two-hundred day simple moving average of $107.97.

Lear (NYSE:LEA) last released its quarterly earnings data on Friday, October 31st. The auto parts company reported $2.79 EPS for the quarter, topping the consensus estimate of $2.76 by $0.03. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.63 billion. Lear had a return on equity of 13.44% and a net margin of 1.92%.The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.89 EPS. As a group, analysts predict that Lear Corporation will post 12.89 earnings per share for the current year.

Lear Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Wednesday, December 10th were given a dividend of $0.77 per share. The ex-dividend date was Wednesday, December 10th. This represents a $3.08 dividend on an annualized basis and a yield of 2.6%. Lear’s dividend payout ratio is currently 37.65%.

Analysts Set New Price Targets

A number of analysts have weighed in on LEA shares. Evercore ISI upped their target price on Lear from $110.00 to $120.00 and gave the stock an “in-line” rating in a report on Monday, November 24th. JPMorgan Chase & Co. raised their price objective on Lear from $133.00 to $138.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Morgan Stanley reiterated an “equal weight” rating and issued a $112.00 target price (down from $115.00) on shares of Lear in a report on Monday, December 8th. Wells Fargo & Company raised their price target on shares of Lear from $107.00 to $123.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. Finally, UBS Group boosted their price objective on shares of Lear from $110.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $126.20.

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.