Lear Corporation $LEA Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in Lear Corporation (NYSE:LEA) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,930 shares of the auto parts company’s stock after purchasing an additional 23,747 shares during the period. BNP Paribas Financial Markets’ holdings in Lear were worth $14,432,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. WealthCollab LLC acquired a new position in shares of Lear in the 2nd quarter valued at $28,000. Allworth Financial LP lifted its stake in shares of Lear by 62.6% in the 3rd quarter. Allworth Financial LP now owns 309 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 119 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Lear by 942.3% in the 4th quarter. Global Retirement Partners LLC now owns 271 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 245 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Lear in the 3rd quarter valued at $33,000. Finally, Quarry LP lifted its stake in shares of Lear by 94.9% in the 3rd quarter. Quarry LP now owns 458 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 223 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

More Lear News

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Lear’s most recent earnings report beat EPS expectations and showed year-over-year revenue growth, reinforcing the view that fundamentals are improving and helping support the stock near its highs.
• Positive Sentiment: The company recently declared a quarterly dividend of $0.77 per share, signaling ongoing cash generation and shareholder returns, which can support investor confidence.
• Neutral Sentiment: Lear announced it will participate in a Wolfe Research Autos and Mobility Conference on June 18. This is an investor-relations event and may draw attention to the stock, but it does not change fundamentals by itself. Article Title: Lear to Participate in Wolfe Research Autos and Mobility Conference
• Neutral Sentiment: Insider selling by CFO Jason Cardew was disclosed, but the sale was relatively small versus his remaining holdings, so it is more of a cautionary signal than a major red flag.
• Negative Sentiment: The CFO’s share sale could create some short-term caution after the stock’s strong run, as some investors may wonder whether insider confidence is limited at current levels.

Analysts Set New Price Targets

Several equities analysts have recently commented on LEA shares. Citigroup upped their price target on Lear from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Argus raised Lear to a “strong-buy” rating in a research note on Monday, February 9th. Morgan Stanley set a $130.00 target price on Lear in a research note on Monday, May 4th. Wells Fargo & Company increased their target price on Lear from $126.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their target price on Lear from $152.00 to $153.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Lear presently has a consensus rating of “Hold” and a consensus target price of $143.08.

Lear Price Performance

LEA stock opened at $141.29 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.05. The firm has a market capitalization of $7.08 billion, a P/E ratio of 14.13, a P/E/G ratio of 0.72 and a beta of 1.23. The business’s 50-day moving average is $130.77 and its two-hundred day moving average is $123.87. Lear Corporation has a 1 year low of $88.04 and a 1 year high of $150.33.

Lear (NYSE:LEA) last posted its quarterly earnings results on Friday, May 1st. The auto parts company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.36. The company 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%.Lear’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.12 EPS. Analysts anticipate that Lear Corporation will post 14.61 earnings per share for the current fiscal year.

Lear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd will be given a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $3.08 dividend on an annualized basis and a yield of 2.2%. Lear’s dividend payout ratio (DPR) is currently 30.80%.

Insider Activity

In other news, CFO Jason M. Cardew sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $147.50, for a total transaction of $737,500.00. Following the sale, the chief financial officer owned 13,241 shares of the company’s stock, valued at approximately $1,953,047.50. This trade represents a 27.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nicholas Jon Roelli sold 2,336 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $141.38, for a total value of $330,263.68. Following the sale, the senior vice president directly owned 2,339 shares in the company, valued at $330,687.82. This trade represents a 49.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,880 shares of company stock worth $1,708,003 in the last three months. Corporate insiders own 1.02% 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.