Lear (NYSE:LEA) PT Lowered to $128.00

Lear (NYSE:LEA) had its target price decreased by stock analysts at UBS Group from $136.00 to $128.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. UBS Group’s price target points to a potential upside of 8.83% from the stock’s current price.

Several other research analysts have also commented on the company. StockNews.com lowered Lear from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th. Morgan Stanley upgraded shares of Lear from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $150.00 to $160.00 in a research note on Friday, May 10th. Citigroup reduced their price target on shares of Lear from $145.00 to $141.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Barclays lowered their price objective on shares of Lear from $175.00 to $165.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Lear from $177.00 to $179.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $160.63.

Lear Stock Up 1.8 %

LEA stock opened at $117.61 on Wednesday. The company has a market capitalization of $6.68 billion, a P/E ratio of 12.83, a PEG ratio of 0.26 and a beta of 1.47. The firm has a 50 day simple moving average of $121.71 and a 200-day simple moving average of $131.57. The company has a current ratio of 1.33, a quick ratio of 1.04 and a debt-to-equity ratio of 0.55. Lear has a twelve month low of $112.26 and a twelve month high of $157.90.

Lear (NYSE:LEA) last announced its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.14. Lear had a net margin of 2.28% and a return on equity of 14.47%. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $6 billion. During the same period last year, the business earned $2.78 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that Lear will post 14.21 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Greg C. Smith sold 2,392 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $123.86, for a total value of $296,273.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Conrad L. Mallett, Jr. sold 1,278 shares of Lear stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $124.55, for a total transaction of $159,174.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Greg C. Smith sold 2,392 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $123.86, for a total transaction of $296,273.12. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of Lear

A number of hedge funds and other institutional investors have recently made changes to their positions in LEA. Vanguard Group Inc. grew its position in Lear by 1.9% in the first quarter. Vanguard Group Inc. now owns 6,023,195 shares of the auto parts company’s stock worth $872,640,000 after buying an additional 109,746 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Lear by 7.6% during the fourth quarter. Franklin Resources Inc. now owns 2,179,175 shares of the auto parts company’s stock worth $307,721,000 after purchasing an additional 153,282 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Lear by 13.8% during the fourth quarter. Nordea Investment Management AB now owns 1,237,016 shares of the auto parts company’s stock valued at $174,382,000 after purchasing an additional 149,958 shares during the last quarter. Lyrical Asset Management LP lifted its holdings in shares of Lear by 55.4% during the fourth quarter. Lyrical Asset Management LP now owns 1,067,888 shares of the auto parts company’s stock valued at $150,796,000 after purchasing an additional 380,771 shares during the last quarter. Finally, Boston Partners boosted its position in shares of Lear by 4.2% in the 1st quarter. Boston Partners now owns 1,023,165 shares of the auto parts company’s stock valued at $148,216,000 after purchasing an additional 41,496 shares during the period. 97.04% of the stock is currently owned by institutional investors.

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.