274,590 Shares in Lear Corporation $LEA Bought by Boston Partners

Boston Partners acquired a new position in shares of Lear Corporation (NYSE:LEA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 274,590 shares of the auto parts company’s stock, valued at approximately $26,069,000. Boston Partners owned about 0.52% of Lear as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Jump Financial LLC acquired a new position in Lear in the first quarter worth about $1,463,000. Dynamic Technology Lab Private Ltd bought a new position in Lear in the 1st quarter valued at $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 buying an additional 11,696 shares during the last quarter. Eagle Global Advisors LLC lifted its position in shares of Lear by 11.5% during the first quarter. Eagle Global Advisors LLC now owns 75,531 shares of the auto parts company’s stock worth $6,663,000 after purchasing an additional 7,800 shares in the last quarter. Finally, Comerica Bank lifted its holdings in Lear by 9.8% during the 1st quarter. Comerica Bank now owns 40,086 shares of the auto parts company’s stock worth $3,536,000 after buying an additional 3,575 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LEA has been the topic of several analyst reports. Bank of America lowered shares of Lear from a “buy” rating to a “neutral” rating and cut their price objective for the company from $135.00 to $123.00 in a report on Wednesday, September 10th. Wells Fargo & Company boosted their price objective on Lear from $108.00 to $112.00 and gave the company an “equal weight” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Lear in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Lear from $133.00 to $138.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Finally, UBS Group reduced their target price on shares of Lear from $109.00 to $106.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Lear currently has a consensus rating of “Hold” and a consensus target price of $119.60.

Lear Stock Down 0.5%

NYSE LEA opened at $107.77 on Friday. The company has a 50 day moving average of $103.25 and a 200-day moving average of $100.79. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.82 and a beta of 1.38. The company has a current ratio of 1.34, a quick ratio of 1.07 and a debt-to-equity ratio of 0.53. Lear Corporation has a 1-year low of $73.85 and a 1-year high of $113.10.

Lear (NYSE:LEA) last issued its earnings results on Friday, October 31st. The auto parts company reported $2.79 EPS for the quarter, beating the consensus estimate of $2.76 by $0.03. Lear had a net margin of 2.05% and a return on equity of 13.94%. The company had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.63 billion. During the same period in the previous year, the company earned $2.89 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Lear has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Lear Corporation will post 12.89 earnings per share for the current fiscal year.

Lear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Wednesday, December 10th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Wednesday, December 10th. Lear’s dividend payout ratio (DPR) is 37.65%.

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.