Amundi Lowers Position in Lear Corporation $LEA

Amundi trimmed its stake in Lear Corporation (NYSE:LEA) by 3.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,175 shares of the auto parts company’s stock after selling 2,248 shares during the quarter. Amundi owned about 0.12% of Lear worth $5,449,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in Lear in the first quarter valued at approximately $39,000. Putney Financial Group LLC purchased a new stake in Lear in the fourth quarter valued at approximately $58,000. Fifth Third Bancorp grew its holdings in Lear by 131.8% in the first quarter. Fifth Third Bancorp now owns 765 shares of the auto parts company’s stock valued at $67,000 after purchasing an additional 435 shares during the period. CX Institutional purchased a new stake in Lear in the first quarter valued at approximately $71,000. Finally, GAMMA Investing LLC lifted its position in Lear by 57.9% during the first quarter. GAMMA Investing LLC now owns 938 shares of the auto parts company’s stock valued at $83,000 after buying an additional 344 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Bank of America cut shares of Lear from a “buy” rating to a “neutral” rating and reduced their price target for the company from $135.00 to $123.00 in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of Lear from $102.00 to $111.00 and gave the company an “equal weight” rating in a research report on Tuesday. UBS Group reduced their price target on shares of Lear from $116.00 to $109.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Barclays lifted their price target on shares of Lear from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Finally, Morgan Stanley reduced their price target on shares of Lear from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $112.70.

Lear Trading Down 2.4%

LEA opened at $108.35 on Thursday. The stock has a market capitalization of $5.77 billion, a PE ratio of 12.64, a P/E/G ratio of 0.67 and a beta of 1.34. The firm’s fifty day moving average price is $104.06 and its 200 day moving average price is $94.75. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.07. Lear Corporation has a 12-month low of $73.85 and a 12-month high of $115.47.

Lear (NYSE:LEA) last posted its quarterly earnings results on Friday, July 25th. The auto parts company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.24. The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $5.89 billion. Lear had a net margin of 2.05% and a return on equity of 13.94%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $3.60 earnings per share. Lear has set its FY 2025 guidance at EPS. As a group, research analysts expect that Lear Corporation will post 12.89 EPS for the current fiscal year.

Lear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Wednesday, September 3rd will be issued a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $3.08 annualized dividend and a yield of 2.8%. Lear’s dividend payout ratio is currently 35.94%.

Insider Activity at Lear

In related news, CFO Jason M. Cardew sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.47, for a total value of $492,350.00. Following the sale, the chief financial officer directly owned 20,244 shares of the company’s stock, valued at $1,993,426.68. This represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Conrad L. Mallett, Jr. sold 1,187 shares of the company’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $92.86, for a total transaction of $110,224.82. Following the completion of the sale, the director directly owned 84 shares in the company, valued at $7,800.24. This represents a 93.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,187 shares of company stock valued at $1,086,425 over the last ninety days. Corporate insiders own 0.91% of the company’s stock.

Lear Profile

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.