GAMMA Investing LLC Purchases 660 Shares of Lear Corporation $LEA

GAMMA Investing LLC lifted its position in Lear Corporation (NYSE:LEA) by 70.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,598 shares of the auto parts company’s stock after acquiring an additional 660 shares during the quarter. GAMMA Investing LLC’s holdings in Lear were worth $152,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Lear by 88.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,249 shares of the auto parts company’s stock valued at $640,000 after acquiring an additional 3,409 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Lear in the first quarter valued at about $1,463,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Lear in the first quarter valued at about $725,000. Voya Investment Management LLC raised its holdings in shares of Lear by 34.4% in the first quarter. Voya Investment Management LLC now owns 45,690 shares of the auto parts company’s stock valued at $4,031,000 after acquiring an additional 11,696 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its holdings in shares of Lear by 11.5% in the first quarter. Eagle Global Advisors LLC now owns 75,531 shares of the auto parts company’s stock valued at $6,663,000 after acquiring an additional 7,800 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors.

Lear Price Performance

Shares of NYSE:LEA opened at $100.24 on Tuesday. Lear Corporation has a twelve month low of $73.85 and a twelve month high of $113.10. The company’s 50 day moving average is $103.67 and its 200 day moving average is $95.54. The company has a current ratio of 1.34, a quick ratio of 1.07 and a debt-to-equity ratio of 0.53. The company has a market cap of $5.33 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 0.79 and a beta of 1.33.

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

Lear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 3rd were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.1%. The ex-dividend date was Wednesday, September 3rd. Lear’s dividend payout ratio is currently 35.94%.

Insider Activity at Lear

In other Lear news, CEO Raymond E. Scott sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $96.77, for a total value of $483,850.00. Following the sale, the chief executive officer owned 38,729 shares in the company, valued at approximately $3,747,805.33. This represents a 11.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jason M. Cardew sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $98.47, for a total value of $492,350.00. Following the completion of the sale, the chief financial officer owned 20,244 shares in the company, valued at approximately $1,993,426.68. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LEA shares. UBS Group reduced their target price on shares of Lear from $116.00 to $109.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Wells Fargo & Company boosted their target price on shares of Lear from $111.00 to $113.00 and gave the stock an “equal weight” rating in a report on Thursday, September 25th. Bank of America downgraded shares of Lear from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $135.00 to $123.00 in a report on Wednesday, September 10th. Wall Street Zen downgraded shares of Lear from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Finally, The Goldman Sachs Group set a $104.00 target price on shares of Lear in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Lear presently has an average rating of “Hold” and an average price target of $114.50.

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.