Illinois Municipal Retirement Fund Sells 15,435 Shares of Lear Corporation $LEA

Illinois Municipal Retirement Fund cut its holdings in Lear Corporation (NYSE:LEA) by 72.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,959 shares of the auto parts company’s stock after selling 15,435 shares during the period. Illinois Municipal Retirement Fund’s holdings in Lear were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WealthCollab LLC acquired a new stake in Lear during the second quarter worth approximately $28,000. Quent Capital LLC acquired a new stake in shares of Lear during the 3rd quarter worth approximately $38,000. Farther Finance Advisors LLC increased its stake in shares of Lear by 34.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 422 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 107 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Lear by 100.0% during the 2nd quarter. Bessemer Group Inc. now owns 454 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 227 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in Lear by 130.4% during the third quarter. Jones Financial Companies Lllp now owns 470 shares of the auto parts company’s stock worth $48,000 after acquiring an additional 266 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

Insider Activity

In other news, CFO Jason M. Cardew sold 5,000 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $118.17, for a total value of $590,850.00. Following the sale, the chief financial officer directly owned 15,244 shares of the company’s stock, valued at approximately $1,801,383.48. This represents a 24.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.91% of the company’s stock.

Lear Price Performance

Lear stock opened at $134.71 on Friday. The company’s 50 day moving average price is $124.10 and its two-hundred day moving average price is $111.41. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 0.52. Lear Corporation has a 52 week low of $73.85 and a 52 week high of $142.84. The stock has a market cap of $6.83 billion, a P/E ratio of 16.53, a P/E/G ratio of 1.05 and a beta of 1.30.

Lear (NYSE:LEA) last released its earnings results on Wednesday, February 4th. The auto parts company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.74. Lear had a net margin of 1.88% and a return on equity of 13.40%. The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.78 billion. During the same period in the previous year, the company earned $2.94 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts predict that Lear Corporation will post 12.89 earnings per share for the current year.

Lear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.77 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.08 annualized dividend and a dividend yield of 2.3%. Lear’s dividend payout ratio is currently 37.79%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Lear from $112.00 to $123.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Wall Street Zen raised Lear from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Argus upgraded Lear to a “strong-buy” rating in a report on Monday, February 9th. The Goldman Sachs Group restated a “neutral” rating and set a $121.00 price objective on shares of Lear in a report on Thursday, January 15th. Finally, Barclays set a $140.00 target price on Lear in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Lear currently has a consensus rating of “Hold” and a consensus price target of $138.27.

Trending Headlines about Lear

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Benchmark initiated coverage of Lear with a “Buy” recommendation — a formal analyst endorsement that can draw institutional interest and support the share price; this follows Lear’s Feb. 4 quarter where EPS ($3.41) and revenue ($5.99B) both beat consensus, giving the firm momentum. Benchmark initiates coverage of Lear (LEA) with buy recommendation
• Neutral Sentiment: AI research commentary (Yann LeCun) highlights that current LLMs still fall short of human-like learning for real-world tasks such as driving — a reminder that timelines for full vehicle autonomy remain uncertain, which keeps the demand curve for some advanced automotive components (and related supplier investments) ambiguous for investors in component suppliers like Lear. Yann LeCun Says LLMs Are ‘Incredibly’ Useful, But AI Still Can’t Learn To Drive A Car Like A 17-Year Old

Lear 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.