Lear (NYSE:LEA) Given New $135.00 Price Target at UBS Group

Lear (NYSE:LEA) had its target price reduced by UBS Group from $145.00 to $135.00 in a report released on Tuesday,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

A number of other research firms have also recently commented on LEA. TD Cowen lifted their price objective on Lear from $117.00 to $133.00 and gave the stock a “hold” rating in a research report on Thursday, February 5th. Argus upgraded Lear to a “strong-buy” rating in a research report on Monday, February 9th. Bank of America began coverage on Lear in a research report on Wednesday, March 4th. They set a “neutral” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Lear in a research report on Thursday, January 22nd. Finally, Benchmark initiated coverage on Lear in a research note on Thursday, February 19th. They issued a “buy” rating and a $170.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $136.25.

Lear Stock Performance

NYSE LEA opened at $122.37 on Tuesday. Lear has a fifty-two week low of $76.60 and a fifty-two week high of $142.84. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 0.89 and a beta of 1.24. The business has a fifty day moving average of $125.63 and a 200-day moving average of $115.87. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 0.52.

Lear (NYSE:LEA) last posted its quarterly earnings data on Wednesday, February 4th. The auto parts company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.74. The business 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%.The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.94 earnings per share. As a group, analysts predict that Lear will post 12.89 earnings per share for the current fiscal year.

Lear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Thursday, March 5th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, March 5th. Lear’s payout ratio is 37.79%.

Insider Transactions at Lear

In other Lear news, CFO Jason M. Cardew sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $134.51, for a total transaction of $1,345,100.00. Following the completion of the sale, the chief financial officer owned 22,741 shares of the company’s stock, valued at approximately $3,058,891.91. The trade was a 30.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alicia J. Davis sold 6,630 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $132.98, for a total value of $881,657.40. Following the sale, the senior vice president directly owned 9,972 shares of the company’s stock, valued at approximately $1,326,076.56. This trade represents a 39.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,264 shares of company stock worth $3,400,687 in the last three months. 1.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lear

Several institutional investors and hedge funds have recently modified their holdings of LEA. Altshuler Shaham Ltd purchased a new stake in shares of Lear in the fourth quarter worth about $25,000. WealthCollab LLC purchased a new stake in shares of Lear in the second quarter worth about $28,000. Los Angeles Capital Management LLC purchased a new stake in shares of Lear in the fourth quarter worth about $30,000. Allworth Financial LP boosted its position in shares of Lear by 62.6% in the third quarter. Allworth Financial LP now owns 309 shares of the auto parts company’s stock worth $31,000 after buying an additional 119 shares during the period. Finally, Global Retirement Partners LLC boosted its position in shares of Lear by 942.3% in the fourth quarter. Global Retirement Partners LLC now owns 271 shares of the auto parts company’s stock worth $31,000 after buying an additional 245 shares during the period. Hedge funds and other institutional investors own 97.04% of the company’s stock.

More Lear News

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Zacks upgraded Lear to a Zacks Rank #2 (Buy), highlighting improved earnings optimism that could support near-term upside. All You Need to Know About Lear (LEA) Rating Upgrade to Buy
• Positive Sentiment: Zacks also ran a piece flagging Lear as a momentum name trading at what it calls a bargain, which may attract buyers looking for earnings-driven upside. Fast-paced Momentum Stock Lear (LEA) Is Still Trading at a Bargain
• Neutral Sentiment: Sector comparisons show Lear’s performance vs. auto-supplier peers; these analyses can influence relative-flow trades but do not by themselves change fundamentals. Is Lear (LEA) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
• Neutral Sentiment: Zacks published additional valuation-focused coverage asking whether investors are undervaluing Lear; useful for longer-term value investors monitoring estimate revisions. Are Investors Undervaluing Lear (LEA) Right Now?
• Negative Sentiment: UBS cut its price target on LEA from $145 to $135 and moved to a “neutral” rating, reducing near-term analyst-driven upside and likely contributing to selling pressure. Lear price target lowered by UBS Group AG
• Negative Sentiment: A comparative piece favors Magna (MGA) over Lear on diversification, margin trends and EV/ADAS exposure, which could divert investor interest away from LEA if that view gains traction. Magna vs. Lear: Which Auto Supplier Is the Smarter Bet Now?

Lear Company Profile

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.