Police & Firemen s Retirement System of New Jersey Purchases 783 Shares of Lear Corporation $LEA

Police & Firemen s Retirement System of New Jersey raised its position in Lear Corporation (NYSE:LEA) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,367 shares of the auto parts company’s stock after acquiring an additional 783 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Lear were worth $1,934,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. denkapparat Operations GmbH raised its position in Lear by 29.7% during the 2nd quarter. denkapparat Operations GmbH now owns 3,490 shares of the auto parts company’s stock valued at $331,000 after purchasing an additional 800 shares during the last quarter. Boston Partners purchased a new position in Lear during the 2nd quarter valued at $26,069,000. Future Fund LLC purchased a new stake in shares of Lear in the 2nd quarter worth about $538,000. CSM Advisors LLC bought a new stake in shares of Lear during the 2nd quarter valued at about $3,228,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Lear during the second quarter valued at about $1,736,000. 97.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LEA has been the topic of several research reports. Wells Fargo & Company lifted their price objective on Lear from $108.00 to $112.00 and gave the company an “equal weight” rating in a research report on Monday, November 3rd. Bank of America lowered Lear from a “buy” rating to a “neutral” rating and dropped their price target for the company from $135.00 to $123.00 in a research report on Wednesday, September 10th. UBS Group decreased their price objective on Lear from $109.00 to $106.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Wall Street Zen cut shares of Lear from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Lear from $133.00 to $138.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $118.60.

Lear Price Performance

LEA opened at $102.81 on Thursday. The firm has a market cap of $5.33 billion, a PE ratio of 12.00, a P/E/G ratio of 0.82 and a beta of 1.38. The stock has a 50-day moving average price of $103.37 and a 200-day moving average price of $100.15. Lear Corporation has a 1 year low of $73.85 and a 1 year high of $113.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.07.

Lear (NYSE:LEA) last released its quarterly earnings data on Friday, October 31st. The auto parts company reported $2.79 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.03. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.63 billion. Lear had a net margin of 2.05% and a return on equity of 13.94%. Lear’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $2.89 EPS. Lear has set its FY 2025 guidance at EPS. Sell-side analysts predict that Lear Corporation will post 12.89 earnings per share for the current fiscal year.

Lear Company Profile

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.