Key Points
- Learn SVP Nicholas Jon Roelli sold 2,336 shares on May 22 at an average price of $141.38, totaling about $330,264. After the sale, he still owned 2,339 shares, cutting his stake by roughly 50%.
- Lear’s latest quarterly results were strong, with EPS of $3.87 beating estimates and revenue rising 4.7% year over year to $5.82 billion. The company also raised investor interest as its shares traded near a 52-week high.
- Lear announced a quarterly dividend of $0.77 per share, payable June 23, implying a 2.1% annualized yield. Analyst sentiment remains mixed overall, with a consensus rating of Hold and a target price of $143.08.
Lear Corporation (NYSE:LEA - Get Free Report) SVP Nicholas Jon Roelli sold 2,336 shares of the business's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $141.38, for a total value of $330,263.68. Following the transaction, the senior vice president owned 2,339 shares in the company, valued at approximately $330,687.82. This trade represents a 49.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Lear Stock Up 2.6%
Shares of LEA stock opened at $143.38 on Wednesday. Lear Corporation has a 1-year low of $86.14 and a 1-year high of $145.00. The stock's fifty day moving average price is $126.44 and its 200 day moving average price is $121.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.05. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21.
Lear (NYSE:LEA - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The auto parts company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.36. Lear had a net margin of 2.25% and a return on equity of 13.69%. The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.84 billion. During the same quarter in the prior year, the company posted $3.12 earnings per share. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts expect that Lear Corporation will post 14.61 earnings per share for the current fiscal year.
Lear Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.77 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $3.08 annualized dividend and a dividend yield of 2.1%. Lear's dividend payout ratio is 30.80%.
Institutional Trading of Lear
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LEA. Altshuler Shaham Ltd acquired a new stake in Lear during the 4th quarter worth about $25,000. WealthCollab LLC acquired a new stake in Lear during the 2nd quarter worth about $28,000. Los Angeles Capital Management LLC acquired a new stake in Lear during the 4th quarter worth about $30,000. Allworth Financial LP lifted its position in Lear by 62.6% during the 3rd quarter. Allworth Financial LP now owns 309 shares of the auto parts company's stock worth $31,000 after acquiring an additional 119 shares during the period. Finally, Global Retirement Partners LLC lifted its position in Lear by 942.3% during the 4th quarter. Global Retirement Partners LLC now owns 271 shares of the auto parts company's stock worth $31,000 after acquiring an additional 245 shares during the period. Institutional investors and hedge funds own 97.04% of the company's stock.
Lear News Roundup
Here are the key news stories impacting Lear this week:
- Positive Sentiment: Investor sentiment remains supported by Lear’s strong latest quarterly results, with the company posting $3.87 EPS, topping estimates, and revenue up 4.7% year over year. That suggests the auto parts maker is still executing well and supports the stock’s elevated valuation.
- Neutral Sentiment: Lear SVP Nicholas Jon Roelli sold 2,336 shares at an average price of $141.38, trimming his direct holdings by about 50%. While insider sales can sometimes weigh on sentiment, this appears to be a relatively small transaction and may be viewed as routine portfolio activity rather than a major red flag. Lear Corporation Insider Sale Report
- Neutral Sentiment: Several of the other articles in the feed were unrelated to Lear Corporation and do not appear to be driving LEA shares, including coverage of learning/education companies and broader commentary pieces.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. TD Cowen upgraded shares of Lear from a "hold" rating to a "buy" rating and upped their price objective for the company from $138.00 to $165.00 in a report on Tuesday. Bank of America assumed coverage on shares of Lear in a report on Wednesday, March 4th. They set a "neutral" rating on the stock. Wells Fargo & Company upped their price objective on shares of Lear from $126.00 to $133.00 and gave the company an "equal weight" rating in a report on Monday, May 4th. Argus raised Lear to a "strong-buy" rating in a research report on Monday, February 9th. Finally, UBS Group lowered their price target on Lear from $145.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Lear currently has an average rating of "Hold" and a consensus target price of $143.08.
Read Our Latest Report on Lear
About Lear
(
Get Free Report)
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.
Further Reading
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