3,992 Shares in Lear Corporation $LEA Acquired by Entropy Technologies LP

Entropy Technologies LP purchased a new position in shares of Lear Corporation (NYSE:LEA) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,992 shares of the auto parts company’s stock, valued at approximately $483,000.

A number of other hedge funds also recently made changes to their positions in the stock. Altshuler Shaham Ltd purchased a new stake in shares of Lear during the 4th quarter valued at $25,000. WealthCollab LLC acquired a new stake in shares of Lear during the 2nd quarter worth $28,000. Los Angeles Capital Management LLC purchased a new position in shares of Lear in the 4th quarter worth $30,000. Allworth Financial LP boosted its holdings in Lear by 62.6% in the third quarter. Allworth Financial LP now owns 309 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 119 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in Lear by 942.3% during the fourth quarter. Global Retirement Partners LLC now owns 271 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 245 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

More Lear News

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Analyst coverage identifies Lear as a vehicle-technology beneficiary. Zacks included Lear among three automotive-equipment stocks positioned to benefit from advanced seating systems, smart mirrors, lidar and other mobility technologies. The article supports the long-term growth case for Lear’s seating and electrical systems businesses. 3 Automotive Equipment Stocks to Buy as Vehicle Tech Evolves
• Neutral Sentiment: Recent earnings were mixed but solid. Lear reported quarterly earnings of $3.87 per share, exceeding the $3.51 consensus estimate, while revenue of $5.82 billion was slightly below expectations of $5.84 billion. Revenue still increased 4.7% year over year, and analysts expect approximately $14.81 in full-year EPS.
• Negative Sentiment: No new company-specific catalyst appears in the supplied headlines. Most of the recent articles concern unrelated companies, financial stocks or general investment topics. With Lear trading near its 12-month high, the lack of a fresh earnings, guidance or contract announcement may be contributing to profit-taking or cautious trading despite the favorable industry outlook.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LEA shares. Morgan Stanley set a $130.00 price target on Lear in a research note on Monday, May 4th. The Goldman Sachs Group lifted their price objective on Lear from $115.00 to $131.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings upgraded Lear from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Citigroup increased their target price on shares of Lear from $177.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Lear from $153.00 to $159.00 and gave the company an “overweight” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $144.62.

Insider Buying and Selling

In related news, Director Conrad L. Mallett, Jr. sold 190 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $141.34, for a total transaction of $26,854.60. Following the sale, the director directly owned 1,683 shares in the company, valued at approximately $237,875.22. This trade represents a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Nicholas Jon Roelli sold 2,336 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 2,339 shares of the company’s stock, valued at approximately $330,687.82. This represents a 49.97% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 62,026 shares of company stock valued at $8,498,248. Corporate insiders own 1.02% of the company’s stock.

Lear Stock Down 0.8%

Shares of Lear stock opened at $147.51 on Thursday. Lear Corporation has a twelve month low of $91.67 and a twelve month high of $150.33. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 0.72 and a beta of 1.25. The company has a current ratio of 1.33, a quick ratio of 1.05 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $140.10 and a 200 day moving average price of $130.97.

Lear (NYSE:LEA) last released its quarterly earnings data on Friday, May 1st. The auto parts company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.51 by $0.36. The company had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.84 billion. Lear had a return on equity of 13.69% and a net margin of 2.25%.The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $3.12 earnings per share. Equities research analysts forecast that Lear Corporation will post 14.81 earnings per share for the current fiscal year.

Lear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 3rd were paid a $0.77 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.1%. Lear’s dividend payout ratio (DPR) is 30.80%.

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.