Deutsche Bank Aktiengesellschaft Raises Lear (NYSE:LEA) Price Target to $157.00

Lear (NYSE:LEAGet Rating) had its target price increased by Deutsche Bank Aktiengesellschaft from $153.00 to $157.00 in a research report report published on Wednesday morning, The Fly reports.

Several other equities research analysts also recently issued reports on LEA. Bank of America raised shares of Lear from an underperform rating to a buy rating and increased their price objective for the stock from $150.00 to $195.00 in a research report on Wednesday, April 6th. Wells Fargo & Company reduced their target price on shares of Lear from $180.00 to $170.00 and set an overweight rating for the company in a report on Monday, July 11th. TheStreet cut shares of Lear from a b- rating to a c rating in a report on Monday, May 16th. Citigroup reduced their target price on shares of Lear from $177.00 to $154.00 in a report on Tuesday, April 5th. Finally, Cowen reduced their target price on shares of Lear from $203.00 to $180.00 in a report on Wednesday, May 4th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $170.33.

Lear Stock Down 3.4 %

Shares of LEA stock opened at $143.00 on Wednesday. The firm has a fifty day moving average of $135.45 and a 200-day moving average of $142.10. The company has a quick ratio of 1.04, a current ratio of 1.33 and a debt-to-equity ratio of 0.57. Lear has a 12-month low of $118.38 and a 12-month high of $195.43. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 76.06, a P/E/G ratio of 0.47 and a beta of 1.48.

Lear (NYSE:LEAGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The auto parts company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.45. Lear had a net margin of 0.58% and a return on equity of 6.78%. The company had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the firm earned $2.45 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Lear will post 8.51 earnings per share for the current fiscal year.

Lear Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Friday, June 10th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Thursday, June 9th. Lear’s dividend payout ratio is presently 163.83%.

Insider Transactions at Lear

In related news, CEO Raymond E. Scott sold 6,143 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $127.83, for a total transaction of $785,259.69. Following the transaction, the chief executive officer now directly owns 47,954 shares of the company’s stock, valued at $6,129,959.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Lear news, CEO Raymond E. Scott sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $131.38, for a total value of $525,520.00. Following the transaction, the chief executive officer now directly owns 60,240 shares of the company’s stock, valued at approximately $7,914,331.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Raymond E. Scott sold 6,143 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $127.83, for a total transaction of $785,259.69. Following the completion of the transaction, the chief executive officer now directly owns 47,954 shares in the company, valued at $6,129,959.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,240 shares of company stock worth $2,797,188. 0.67% of the stock is owned by insiders.

Hedge Funds Weigh In On Lear

Hedge funds have recently bought and sold shares of the company. WINTON GROUP Ltd grew its holdings in shares of Lear by 90.0% during the 4th quarter. WINTON GROUP Ltd now owns 3,048 shares of the auto parts company’s stock valued at $558,000 after purchasing an additional 1,444 shares during the last quarter. Ellevest Inc. grew its holdings in shares of Lear by 43.6% during the 1st quarter. Ellevest Inc. now owns 2,470 shares of the auto parts company’s stock valued at $352,000 after purchasing an additional 750 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Lear by 9.0% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 48,886 shares of the auto parts company’s stock valued at $9,055,000 after purchasing an additional 4,052 shares during the last quarter. Cedar Brook Financial Partners LLC bought a new stake in shares of Lear during the 1st quarter valued at approximately $207,000. Finally, Neo Ivy Capital Management grew its holdings in shares of Lear by 37.2% during the 4th quarter. Neo Ivy Capital Management now owns 1,779 shares of the auto parts company’s stock valued at $325,000 after purchasing an additional 482 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

About Lear

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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.

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