Conrad L. Mallett, Jr. Sells 330 Shares of Lear Co. (NYSE:LEA) Stock

Lear Co. (NYSE:LEA – Get Rating) Director Conrad L. Mallett, Jr. sold 330 shares of Lear stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $126.06, for a total transaction of $41,599.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Lear Stock Up 0.2 %

Lear stock opened at $124.36 on Friday. Lear Co. has a fifty-two week low of $114.67 and a fifty-two week high of $158.44. The stock has a market cap of $7.34 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.31 and a beta of 1.53. The firm’s 50-day simple moving average is $130.77 and its 200 day simple moving average is $134.68. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.05 and a current ratio of 1.35.

Lear (NYSE:LEA – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The auto parts company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.23. Lear had a net margin of 1.96% and a return on equity of 12.32%. The business had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.60 billion. During the same period in the previous year, the company earned $1.80 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Research analysts predict that Lear Co. will post 11.08 EPS for the current fiscal year.

Lear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Friday, June 9th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, June 8th. Lear’s dividend payout ratio (DPR) is presently 43.63%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LEA. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lear from $136.00 to $137.00 in a research note on Friday, April 28th. 888 reissued a “maintains” rating on shares of Lear in a research note on Friday, April 28th. Barclays decreased their price target on shares of Lear from $155.00 to $150.00 in a research note on Monday, May 1st. StockNews.com started coverage on shares of Lear in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Cowen lifted their price target on shares of Lear from $165.00 to $173.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Lear presently has an average rating of “Hold” and a consensus target price of $155.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in shares of Lear by 4.0% during the 1st quarter. American Century Companies Inc. now owns 10,192 shares of the auto parts company’s stock valued at $1,454,000 after acquiring an additional 390 shares during the period. Private Advisor Group LLC purchased a new position in Lear in the first quarter valued at approximately $657,000. Bank of Montreal Can grew its holdings in Lear by 81.0% during the first quarter. Bank of Montreal Can now owns 19,834 shares of the auto parts company’s stock valued at $2,890,000 after purchasing an additional 8,878 shares during the period. Raymond James Trust N.A. increased its position in Lear by 47.8% in the first quarter. Raymond James Trust N.A. now owns 1,948 shares of the auto parts company’s stock worth $277,000 after buying an additional 630 shares during the last quarter. Finally, Aviva PLC raised its stake in shares of Lear by 62.8% in the first quarter. Aviva PLC now owns 39,256 shares of the auto parts company’s stock valued at $5,598,000 after buying an additional 15,137 shares during the period. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Lear Company Profile

(Get Rating)

Lear Corp. engages in the design, manufacture and supply of automotive seats, electrical distribution systems and electronic modules, as well as related sub-systems, components, and software. It operates through the following segments: Seating and E-Systems. The Seating segment consists of the design, engineering, just-in-time assembly and delivery of complete seat systems, as well as the manufacture of all major seat components, including seat covers and surface materials such as leather and fabric, seat structures and mechanisms, seat foam and headrests.