Signaturefd LLC Increases Stock Holdings in Lear Corporation $LEA

Signaturefd LLC raised its stake in Lear Corporation (NYSE:LEA) by 449.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,665 shares of the auto parts company’s stock after purchasing an additional 1,362 shares during the period. Signaturefd LLC’s holdings in Lear were worth $158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in LEA. WPG Advisers LLC acquired a new position in Lear during the first quarter worth approximately $39,000. Fifth Third Bancorp boosted its stake in shares of 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 buying an additional 435 shares in the last quarter. CX Institutional purchased a new stake in shares of Lear in the first quarter valued at approximately $71,000. GAMMA Investing LLC boosted 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 worth $83,000 after purchasing an additional 344 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its position in Lear by 955.2% during the first quarter. Bayforest Capital Ltd now owns 1,108 shares of the auto parts company’s stock worth $98,000 after purchasing an additional 1,003 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Lear Price Performance

LEA opened at $103.88 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.34 and a debt-to-equity ratio of 0.53. Lear Corporation has a 12-month low of $73.85 and a 12-month high of $113.10. The stock has a fifty day moving average of $103.38 and a 200-day moving average of $95.71. The firm has a market capitalization of $5.53 billion, a P/E ratio of 12.12, a PEG ratio of 0.80 and a beta of 1.32.

Lear (NYSE:LEA) last announced its quarterly earnings data on Friday, July 25th. The auto parts company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.24. Lear had a return on equity of 13.94% and a net margin of 2.05%.The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $5.89 billion. During the same period last year, the company earned $3.60 earnings per share. Lear’s quarterly revenue was up .3% compared to the same quarter last year. Lear has set its FY 2025 guidance at EPS. Equities analysts forecast that Lear Corporation will post 12.89 EPS for the current fiscal year.

Lear Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd were paid a $0.77 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.0%. Lear’s payout ratio is presently 35.94%.

Insider Transactions at Lear

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

Analysts Set New Price Targets

LEA has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on Lear from $113.00 to $108.00 and set an “equal weight” rating for the company in a report on Friday. Wall Street Zen downgraded Lear from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. UBS Group lowered their price target on Lear from $116.00 to $109.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lear in a research report on Saturday, September 27th. Finally, The Goldman Sachs Group set a $104.00 target price on Lear in a research report on Monday, September 29th. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $114.00.

Lear Company 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.