Lear Co. (NYSE:LEA) shares traded down 1.7% on Wednesday . The company traded as low as $146.35 and last traded at $149.12. 22,735 shares were traded during mid-day trading, a decline of 97% from the average session volume of 844,807 shares. The stock had previously closed at $146.69.

A number of research analysts have weighed in on the stock. ValuEngine cut shares of Lear from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Buckingham Research set a $150.00 target price on shares of Lear and gave the company a “hold” rating in a research note on Wednesday, September 19th. Morgan Stanley upgraded shares of Lear from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $209.00 to $214.00 in a research note on Tuesday, July 31st. Citigroup dropped their target price on shares of Lear from $243.00 to $234.00 and set a “buy” rating on the stock in a research note on Monday, July 30th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $243.00 target price on shares of Lear in a research note on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $204.28.

The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.44. The stock has a market cap of $9.61 billion, a PE ratio of 8.64 and a beta of 1.33.

Lear (NYSE:LEA) last posted its quarterly earnings results on Thursday, July 26th. The auto parts company reported $4.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.99 by ($0.04). Lear had a net margin of 6.31% and a return on equity of 28.84%. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same period last year, the firm earned $4.39 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. equities analysts anticipate that Lear Co. will post 18.72 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Thursday, August 30th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Wednesday, August 29th. Lear’s dividend payout ratio (DPR) is currently 16.47%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Townsend & Associates Inc bought a new stake in shares of Lear in the second quarter valued at approximately $113,000. Fort L.P. bought a new stake in Lear during the 2nd quarter worth approximately $113,000. Squar Milner Financial Services LLC bought a new stake in Lear during the 2nd quarter worth approximately $130,000. Signet Financial Management LLC bought a new stake in Lear during the 2nd quarter worth approximately $131,000. Finally, Atlantic Trust Group LLC increased its holdings in Lear by 137.6% during the 1st quarter. Atlantic Trust Group LLC now owns 815 shares of the auto parts company’s stock worth $152,000 after acquiring an additional 472 shares during the period. 91.25% of the stock is currently owned by institutional investors.

About Lear (NYSE:LEA)

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components primarily to automotive original equipment manufacturers worldwide. The company operates through Seating and E-Systems segments. The Seating segment includes seat systems and related components, such as leather and fabric products, seat trim covers, recliner mechanisms, seat tracks, seat structures and mechanisms, seat foams, and headrests primarily for automobiles and light trucks, compact cars, and sport utility vehicles, as well as thermoelectric seat heating and cooling systems.

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