Analysts Set Lear Co. (NYSE:LEA) PT at $132.18

Lear Co. (NYSE:LEA) has been given a consensus recommendation of “Hold” by the twelve analysts that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $132.18.

LEA has been the subject of a number of research analyst reports. Morgan Stanley dropped their target price on shares of Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Barclays reduced their target price on Lear from $120.00 to $115.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their target price on Lear from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Finally, TD Cowen dropped their target price on Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 25th.

Lear Trading Down 3.2 %

NYSE LEA opened at $91.06 on Thursday. Lear has a 12 month low of $86.28 and a 12 month high of $147.11. The company has a 50-day moving average of $95.83 and a 200-day moving average of $103.48. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 1.03. The company has a market cap of $4.95 billion, a P/E ratio of 9.58, a P/E/G ratio of 0.61 and a beta of 1.43.

Lear Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 11th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Wednesday, December 11th. Lear’s payout ratio is currently 32.39%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of Lear by 2,630.4% in the 2nd quarter. Millennium Management LLC now owns 161,422 shares of the auto parts company’s stock valued at $18,436,000 after purchasing an additional 155,510 shares during the period. Algert Global LLC increased its position in Lear by 244.8% in the 2nd quarter. Algert Global LLC now owns 7,275 shares of the auto parts company’s stock worth $831,000 after purchasing an additional 5,165 shares during the last quarter. Quarry LP raised its position in Lear by 299.6% during the second quarter. Quarry LP now owns 971 shares of the auto parts company’s stock valued at $111,000 after acquiring an additional 728 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Lear in the 2nd quarter valued at $211,000. Finally, SG Americas Securities LLC increased its holdings in shares of Lear by 49.2% during the 3rd quarter. SG Americas Securities LLC now owns 9,024 shares of the auto parts company’s stock valued at $985,000 after acquiring an additional 2,975 shares during the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

About Lear

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.