IFP Advisors Inc Purchases 263 Shares of Lear Corporation $LEA

IFP Advisors Inc lifted its position in shares of Lear Corporation (NYSE:LEA) by 1,384.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 282 shares of the auto parts company’s stock after purchasing an additional 263 shares during the quarter. IFP Advisors Inc’s holdings in Lear were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LEA. Vanguard Group Inc. boosted its stake in shares of Lear by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 6,657,389 shares of the auto parts company’s stock worth $587,315,000 after buying an additional 165,494 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Lear by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,631,477 shares of the auto parts company’s stock valued at $232,145,000 after purchasing an additional 17,250 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Lear by 6.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,358,330 shares of the auto parts company’s stock valued at $208,052,000 after buying an additional 145,751 shares in the last quarter. Lyrical Asset Management LP increased its position in Lear by 0.3% during the first quarter. Lyrical Asset Management LP now owns 1,060,216 shares of the auto parts company’s stock worth $93,532,000 after acquiring an additional 3,522 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Lear by 105.7% during the first quarter. American Century Companies Inc. now owns 710,962 shares of the auto parts company’s stock worth $62,721,000 after purchasing an additional 365,382 shares during the period. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Lear Stock Performance

NYSE:LEA opened at $100.02 on Thursday. The business’s fifty day moving average is $104.32 and its 200 day moving average is $96.51. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 0.80 and a beta of 1.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.07 and a current ratio of 1.34. Lear Corporation has a 52-week low of $73.85 and a 52-week high of $113.10.

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

Lear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 3rd were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, September 3rd. Lear’s dividend payout ratio (DPR) is presently 35.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. The Goldman Sachs Group set a $104.00 price target on Lear in a report on Monday, September 29th. UBS Group dropped their price target on shares of Lear from $109.00 to $106.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Barclays lifted their price objective on Lear from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Citigroup restated a “neutral” rating on shares of Lear in a report on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lear in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $115.00.

Insider Activity at Lear

In related news, CEO Raymond E. Scott sold 5,000 shares of Lear stock in a transaction 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 transaction, the chief executive officer owned 38,729 shares in the company, valued at $3,747,805.33. This trade represents a 11.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason M. Cardew sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $98.47, for a total transaction of $492,350.00. Following the sale, the chief financial officer 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 disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

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.