Lear Corporation (NYSE:LEA) Given Average Recommendation of “Hold” by Brokerages

Shares of Lear Corporation (NYSE:LEA) have been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $119.60.

Several equities analysts have weighed in on LEA shares. The Goldman Sachs Group set a $104.00 target price on Lear in a report on Monday, September 29th. Wells Fargo & Company boosted their target price on Lear from $108.00 to $112.00 and gave the stock an “equal weight” rating in a report on Monday, November 3rd. Bank of America cut Lear from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $135.00 to $123.00 in a research report on Wednesday, September 10th. JPMorgan Chase & Co. lifted their price target on shares of Lear from $133.00 to $138.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Finally, Evercore ISI boosted their price objective on shares of Lear from $110.00 to $120.00 and gave the stock an “in-line” rating in a research note on Monday.

Lear Price Performance

Shares of LEA opened at $108.41 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.07 and a current ratio of 1.34. The firm has a market cap of $5.62 billion, a PE ratio of 12.65, a PEG ratio of 0.82 and a beta of 1.38. The firm’s 50 day moving average price is $103.20 and its 200 day moving average price is $100.69. Lear has a twelve month low of $73.85 and a twelve month high of $113.10.

Lear (NYSE:LEA) last announced its quarterly earnings results on Friday, October 31st. The auto parts company reported $2.79 EPS for the quarter, topping the consensus estimate of $2.76 by $0.03. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.63 billion. Lear had a net margin of 2.05% and a return on equity of 13.94%. Lear’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.89 EPS. Lear has set its FY 2025 guidance at EPS. As a group, research analysts expect that Lear will post 12.89 EPS for the current fiscal year.

Lear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Wednesday, December 10th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $3.08 dividend on an annualized basis and a yield of 2.8%. Lear’s payout ratio is currently 37.65%.

Hedge Funds Weigh In On Lear

A number of institutional investors have recently made changes to their positions in LEA. Vanguard Group Inc. grew its holdings in Lear by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 6,657,389 shares of the auto parts company’s stock valued at $587,315,000 after buying an additional 165,494 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Lear by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,784,110 shares of the auto parts company’s stock valued at $280,106,000 after acquiring an additional 57,443 shares during the period. Schroder Investment Management Group boosted its position in shares of Lear by 1.3% in the third quarter. Schroder Investment Management Group now owns 1,825,057 shares of the auto parts company’s stock valued at $182,688,000 after acquiring an additional 23,773 shares during the period. American Century Companies Inc. grew its stake in shares of Lear by 23.6% in the third quarter. American Century Companies Inc. now owns 1,569,341 shares of the auto parts company’s stock worth $157,891,000 after acquiring an additional 299,841 shares during the last quarter. Finally, 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. 97.04% of the stock is currently owned by institutional investors.

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.