GAM Holding AG Boosts Stock Holdings in Lear Corporation $LEA

GAM Holding AG grew its position in shares of Lear Corporation (NYSE:LEA) by 17.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,941 shares of the auto parts company’s stock after purchasing an additional 2,839 shares during the period. GAM Holding AG’s holdings in Lear were worth $1,799,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LEA. IFP Advisors Inc grew its holdings in Lear by 1,384.2% during the 2nd quarter. IFP Advisors Inc now owns 282 shares of the auto parts company’s stock valued at $27,000 after buying an additional 263 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of Lear in the first quarter valued at $39,000. Bessemer Group Inc. grew its holdings in shares of Lear by 100.0% in the second quarter. Bessemer Group Inc. now owns 454 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 227 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Lear by 57.9% in the first quarter. GAMMA Investing LLC now owns 938 shares of the auto parts company’s stock valued at $83,000 after purchasing an additional 344 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its holdings 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 in the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Wall Street Analyst Weigh In

LEA has been the subject of a number of recent research reports. The Goldman Sachs Group set a $104.00 price objective on shares of Lear in a research note on Monday, September 29th. Bank of America lowered Lear from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $135.00 to $123.00 in a research report on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lear in a research report on Wednesday, October 8th. Wall Street Zen cut Lear from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Wells Fargo & Company dropped their target price on Lear from $113.00 to $108.00 and set an “equal weight” rating for the company in a report on Friday, October 3rd. Two research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $115.00.

Lear Stock Up 1.0%

Shares of NYSE:LEA opened at $104.60 on Friday. Lear Corporation has a 1 year low of $73.85 and a 1 year high of $113.10. The business has a 50 day simple moving average of $104.20 and a two-hundred day simple moving average of $97.83. The firm has a market capitalization of $5.57 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.82 and a beta of 1.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.07.

Lear (NYSE:LEA) last announced its quarterly earnings data on Friday, October 31st. The auto parts company reported $2.79 EPS for the quarter, beating the consensus estimate of $2.76 by $0.03. Lear had a return on equity of 13.94% and a net margin of 2.05%.The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter in the prior year, the company posted $2.89 EPS. Lear’s quarterly revenue was up 1.7% on a year-over-year basis. Lear has set its FY 2025 guidance at EPS. On average, equities analysts predict that Lear Corporation will post 12.89 EPS for the current year.

Lear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, September 3rd. Lear’s payout ratio is currently 35.94%.

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.