Lear (NYSE:LEA – Free Report) had its price objective lifted by Wells Fargo & Company from $123.00 to $131.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the auto parts company’s stock.
LEA has been the subject of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of Lear in a report on Thursday, January 22nd. Citigroup increased their price objective on shares of Lear from $146.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday. Wall Street Zen upgraded Lear from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $121.00 target price on shares of Lear in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. raised their price target on Lear from $133.00 to $138.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $135.10.
Read Our Latest Analysis on LEA
Lear Price Performance
Lear (NYSE:LEA – Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The auto parts company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.74. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.78 billion. Lear had a return on equity of 13.40% and a net margin of 1.88%.Lear’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.94 EPS. Equities analysts expect that Lear will post 12.89 EPS for the current year.
Lear Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Wednesday, December 10th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, December 10th. Lear’s dividend payout ratio (DPR) is presently 37.79%.
Insiders Place Their Bets
In other Lear news, CFO Jason M. Cardew sold 5,000 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $118.17, for a total value of $590,850.00. Following the completion of the sale, the chief financial officer directly owned 15,244 shares in the company, valued at approximately $1,801,383.48. This represents a 24.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by company insiders.
Institutional Trading of Lear
Several institutional investors and hedge funds have recently made changes to their positions in LEA. IFP Advisors Inc grew its holdings in Lear by 1,384.2% during the 2nd quarter. IFP Advisors Inc now owns 282 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 263 shares in the last quarter. WealthCollab LLC purchased a new stake in shares of Lear in the 2nd quarter worth approximately $28,000. Allworth Financial LP boosted its stake in shares of Lear by 62.6% during the third quarter. Allworth Financial LP now owns 309 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 119 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Lear by 942.3% during the fourth quarter. Global Retirement Partners LLC now owns 271 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 245 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in Lear during the third quarter valued at approximately $33,000. 97.04% of the stock is currently owned by institutional investors.
More Lear News
Here are the key news stories impacting Lear this week:
- Positive Sentiment: Q4 results beat expectations — Lear reported EPS of $3.41 and revenue near $6.0B, with year‑over‑year revenue growth driven by Seating and E‑Systems; this beat consensus and is the principal reason the stock rallied. Lear Q4 Earnings Beat
- Positive Sentiment: Hit a new 52‑week high on the earnings news, signaling strong investor momentum and renewed optimism about growth and profitability. Lear Hits New 52-Week High
- Positive Sentiment: Analyst/style commentary highlights LEA as both a momentum and value candidate — Zacks pieces emphasize favorable style scores that can attract diverse investor demand. Momentum Article
- Neutral Sentiment: Other news items in the feed (cultural/theater pieces and broader AI commentary) are unrelated to Lear’s fundamentals and unlikely to move the stock. King Lear Review
- Negative Sentiment: Analyst target adjustment: Wells Fargo raised its price target from $123 to $131 but kept an “equal weight” rating — that target is below the stock’s current level, suggesting limited near‑term upside from this shop. Wells Fargo Note
- Negative Sentiment: A conflicting earnings transcript excerpt circulated claiming a miss (anomalous $1.58 EPS figure). This appears inconsistent with multiple published reports showing a beat; investors should rely on the audited release and reconciliations. Earnings Call Transcript
About Lear
Lear Corporation (NYSE: LEA) is a global supplier of automotive seating and electrical distribution systems. The company designs, engineers and manufactures complete seat systems, seat components and power solutions for major vehicle manufacturers. Its electrical business delivers modules and components for battery management, infotainment, body and safety electronics, as well as advanced connectivity and electrification solutions.
The seating division develops lightweight, ergonomic seat structures, trim and mechanisms that address comfort, safety and environmental targets.
Featured Articles
- Five stocks we like better than Lear
- NEW LAW: Congress Approves Setup For Digital Dollar?
- The $650 Million Bet on AI’s Future
- The gold chart Wall Street is terrified of…
- The buying spree that no one is talking about
- Trump’s AI Secret: 100X Faster Than Nvidia
Receive News & Ratings for Lear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear and related companies with MarketBeat.com's FREE daily email newsletter.
