Cambria Investment Management L.P. Buys New Stake in Lear Corporation $LEA

Cambria Investment Management L.P. purchased a new stake in Lear Corporation (NYSE:LEA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 90,760 shares of the auto parts company’s stock, valued at approximately $9,131,000. Cambria Investment Management L.P. owned about 0.17% of Lear as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WealthCollab LLC purchased a new stake in shares of Lear in the second quarter worth about $28,000. Advisory Services Network LLC purchased a new position in Lear during the third quarter valued at approximately $33,000. Quent Capital LLC acquired a new position in Lear in the third quarter valued at approximately $38,000. Farther Finance Advisors LLC lifted 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 valued at $42,000 after acquiring an additional 107 shares during the period. Finally, Quarry LP boosted its position in Lear by 94.9% in the 3rd quarter. Quarry LP now owns 458 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 223 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

Lear Trading Down 2.1%

Shares of NYSE:LEA opened at $116.07 on Thursday. The business’s 50 day moving average price is $126.17 and its 200-day moving average price is $114.03. Lear Corporation has a 1 year low of $73.85 and a 1 year high of $142.84. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.85 and a beta of 1.26. 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 quarterly earnings results on Wednesday, February 4th. The auto parts company reported $3.41 EPS for the quarter, topping the consensus estimate of $2.67 by $0.74. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.78 billion. Lear had a net margin of 1.88% and a return on equity of 13.40%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.94 EPS. On average, equities research analysts forecast that Lear Corporation will post 12.89 earnings per share for the current fiscal year.

Lear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.7%. Lear’s payout ratio is currently 37.79%.

Lear News Summary

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Zacks published a bullish note calling LEA a “strong growth stock,” highlighting favorable style scores and growth prospects that may attract investors focused on earnings momentum and valuation metrics. Here’s Why Lear (LEA) is a Strong Growth Stock
• Neutral Sentiment: Transcript of Lear’s presentation at the Bank of America Global Automotive Summit was published; investor takeaway will depend on management’s forward commentary and execution details — presentations often reinforce strategy but rarely move the stock unless new guidance is provided. Lear Corporation (LEA) Presents at Bank of America Global Automotive Summit Transcript
• Negative Sentiment: An insider sale: Lear’s EVP & President sold 7,133 shares (about $967k) on Feb. 26, trimming his direct stake by ~29.8%. Large insider dispositions can trigger short-term selling or concern among some investors even if not tied to company fundamentals. Lear EVP and President Sells 7,133 Shares for $967,000

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $121.00 target price on shares of Lear in a report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Lear in a report on Thursday, January 22nd. Wells Fargo & Company lifted their price objective on shares of Lear from $123.00 to $131.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Morgan Stanley upped their price objective on shares of Lear from $112.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen raised shares of Lear from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $138.00.

Insider Activity at Lear

In related news, CFO Jason M. Cardew sold 10,000 shares of Lear stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $134.51, for a total value of $1,345,100.00. Following the sale, the chief financial officer directly owned 22,741 shares in the company, valued at approximately $3,058,891.91. The trade was a 30.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Marianne Vidershain sold 1,590 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $135.00, for a total value of $214,650.00. Following the sale, the vice president owned 1,862 shares of the company’s stock, valued at approximately $251,370. This trade represents a 46.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,264 shares of company stock worth $3,400,687 in the last quarter. Company insiders own 0.91% of the company’s stock.

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.