Future Fund LLC Takes Position in Lear Corporation $LEA

Future Fund LLC acquired a new position in Lear Corporation (NYSE:LEA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,660 shares of the auto parts company’s stock, valued at approximately $538,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its stake in shares of Lear by 1,384.2% in the 2nd quarter. IFP Advisors Inc now owns 282 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 263 shares during the last quarter. WPG Advisers LLC acquired a new position in Lear in the 1st quarter valued at $39,000. Bessemer Group Inc. raised its holdings in Lear by 100.0% in the 2nd quarter. Bessemer Group Inc. now owns 454 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 227 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Lear by 610.0% during the second quarter. Parkside Financial Bank & Trust now owns 639 shares of the auto parts company’s stock valued at $61,000 after acquiring an additional 549 shares during the period. Finally, Rosenberg Matthew Hamilton grew its position in shares of Lear by 2,682.9% in the second quarter. Rosenberg Matthew Hamilton now owns 974 shares of the auto parts company’s stock valued at $93,000 after purchasing an additional 939 shares during the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LEA shares. The Goldman Sachs Group set a $104.00 price objective on shares of Lear in a research note on Monday, September 29th. Barclays upped their price objective on shares of Lear from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. UBS Group decreased their target price on Lear from $109.00 to $106.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Wells Fargo & Company upped their price target on Lear from $108.00 to $112.00 and gave the company an “equal weight” rating in a report on Monday, November 3rd. Finally, Wall Street Zen lowered Lear from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Two research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $118.10.

Lear Stock Up 1.6%

LEA stock opened at $110.13 on Monday. The firm has a 50-day moving average price of $104.06 and a 200-day moving average price of $99.11. Lear Corporation has a 12 month low of $73.85 and a 12 month high of $113.10. The company has a current ratio of 1.34, a quick ratio of 1.07 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $5.71 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 0.82 and a beta of 1.38.

Lear (NYSE:LEA) last announced its quarterly earnings results on Friday, October 31st. The auto parts company reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.03. The company had revenue of $5.68 billion for 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%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.89 EPS. Lear has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Lear Corporation will post 12.89 EPS for the current fiscal year.

Lear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, September 3rd. Lear’s dividend payout ratio is presently 37.65%.

Lear 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.