Lear (NYSE:LEA) Given New $155.00 Price Target at Barclays

Lear (NYSE:LEA) had its price target increased by Barclays from $150.00 to $155.00 in a report published on Thursday, Marketbeat.com reports. The firm currently has an equal weight rating on the auto parts company’s stock.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company upped their price objective on Lear from $133.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. UBS Group cut their target price on shares of 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 boosted their target price on shares of Lear from $134.00 to $138.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 5th. The Goldman Sachs Group upped their price target on shares of Lear from $115.00 to $131.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft set a $133.00 price target on shares of Lear in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $143.77.

Lear Trading Up 3.1%

Shares of LEA stock opened at $134.66 on Thursday. Lear has a twelve month low of $91.67 and a twelve month high of $150.33. The stock’s fifty day simple moving average is $137.75 and its 200 day simple moving average is $128.64. The company has a quick ratio of 1.05, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $6.75 billion, a P/E ratio of 13.47, a P/E/G ratio of 0.66 and a beta of 1.25.

Lear (NYSE:LEA) last posted its earnings results on Friday, May 1st. The auto parts company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.51 by $0.36. Lear had a return on equity of 13.69% and a net margin of 2.25%.The firm had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.84 billion. During the same period last year, the company earned $3.12 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts predict that Lear will post 14.64 EPS for the current fiscal year.

Lear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, June 3rd. Lear’s payout ratio is presently 30.80%.

Insiders Place Their Bets

In related news, CFO Jason M. Cardew sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $147.50, for a total transaction of $737,500.00. Following the transaction, the chief financial officer owned 13,241 shares in the company, valued at $1,953,047.50. The trade was a 27.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Raymond E. Scott sold 50,000 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $135.37, for a total transaction of $6,768,500.00. Following the transaction, the chief executive officer directly owned 49,789 shares in the company, valued at approximately $6,739,936.93. This represents a 50.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 62,026 shares of company stock valued at $8,498,248 in the last ninety days. 1.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lear

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Altshuler Shaham Ltd boosted its holdings in Lear by 36.5% in the first quarter. Altshuler Shaham Ltd now owns 303 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 81 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Lear by 3.8% during the second quarter. Versant Capital Management Inc now owns 2,260 shares of the auto parts company’s stock valued at $303,000 after acquiring an additional 82 shares in the last quarter. UMB Bank n.a. raised its position in shares of Lear by 15.0% during the fourth quarter. UMB Bank n.a. now owns 676 shares of the auto parts company’s stock worth $77,000 after purchasing an additional 88 shares during the period. Waterfront Wealth Inc. raised its position in shares of Lear by 0.5% during the first quarter. Waterfront Wealth Inc. now owns 17,404 shares of the auto parts company’s stock worth $2,107,000 after purchasing an additional 89 shares during the period. Finally, Inspire Advisors LLC lifted its holdings in shares of Lear by 4.5% in the 4th quarter. Inspire Advisors LLC now owns 2,147 shares of the auto parts company’s stock worth $246,000 after purchasing an additional 92 shares in the last quarter. 97.04% of the stock is owned by institutional investors.

Key Stories Impacting Lear

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Barclays raised its price target on Lear Corporation (NYSE: LEA) to $155 from $150, signaling improved valuation expectations and supporting the stock. Benzinga / The Fly coverage
• Positive Sentiment: Investors are also still reacting to Lear’s recent quarterly results, where the company beat profit estimates and delivered year-over-year revenue growth, suggesting resilient demand and solid execution.
• Neutral Sentiment: Barclays kept an equal weight rating, indicating the firm is not turning aggressively bullish despite the higher price target.

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.