Convergence Investment Partners LLC Purchases 15,010 Shares of Lear Corporation $LEA

Convergence Investment Partners LLC boosted its position in Lear Corporation (NYSE:LEA) by 154.6% in the 4th quarter, Holdings Channel reports. The firm owned 24,720 shares of the auto parts company’s stock after buying an additional 15,010 shares during the quarter. Convergence Investment Partners LLC’s holdings in Lear were worth $2,833,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. WealthCollab LLC bought a new stake in Lear in the second quarter worth about $28,000. Allworth Financial LP lifted its stake in Lear by 62.6% in the third quarter. Allworth Financial LP now owns 309 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 119 shares during the last quarter. Advisory Services Network LLC bought a new stake in Lear in the third quarter worth about $33,000. Quent Capital LLC bought a new stake in Lear in the third quarter worth about $38,000. Finally, Quarry LP lifted its stake in Lear by 94.9% in the third quarter. Quarry LP now owns 458 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 223 shares during the last quarter. Institutional investors own 97.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LEA shares. The Goldman Sachs Group lifted their price target on shares of Lear from $115.00 to $131.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Wells Fargo & Company lifted their price target on shares of Lear from $126.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on shares of Lear from $152.00 to $153.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays lifted their price target on shares of Lear from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft set a $133.00 price target on shares of Lear in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Lear has a consensus rating of “Hold” and a consensus price target of $140.54.

Lear News Roundup

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Lear declared a quarterly cash dividend of $0.77 per share, signaling confidence in cash generation and returning capital to shareholders. Lear Declares Quarterly Cash Dividend
• Positive Sentiment: JPMorgan Chase & Co. raised its price target on Lear to $153 from $152 and reiterated an overweight rating, reinforcing a bullish outlook for the stock. JPMorgan raises Lear price target
• Positive Sentiment: Barclays also lifted its price target on Lear to $150 from $140, suggesting analysts see more upside after the company’s recent earnings report. Barclays raises its price target on Lear Corporation
• Neutral Sentiment: Recent coverage also highlighted Lear as strengthening within the Russell 1000 and as a notable EV supply-chain name, but these items are more descriptive than immediately market-moving.
• Neutral Sentiment: News about Trump-Xi trade talks could matter for global auto parts sentiment, but the articles provided did not mention any Lear-specific tariffs, supply-chain disruptions, or demand changes.

Lear Stock Performance

Lear stock opened at $132.57 on Friday. The company has a 50 day moving average price of $123.96 and a 200-day moving average price of $120.15. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.33. Lear Corporation has a fifty-two week low of $86.14 and a fifty-two week high of $142.84. The company has a market capitalization of $6.64 billion, a PE ratio of 13.26, a P/E/G ratio of 0.71 and a beta of 1.21.

Lear (NYSE:LEA) last issued its quarterly earnings data on Friday, May 1st. The auto parts company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.36. The company had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.84 billion. Lear had a net margin of 2.25% and a return on equity of 13.69%. Lear’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $3.12 earnings per share. As a group, equities analysts forecast that Lear Corporation will post 14.56 earnings per share for the current year.

Lear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, June 3rd. Lear’s dividend payout ratio (DPR) is presently 30.80%.

Insider Buying and Selling at Lear

In related news, SVP Alicia J. Davis sold 6,630 shares of Lear stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $132.98, for a total transaction of $881,657.40. Following the transaction, the senior vice president directly owned 9,972 shares of the company’s stock, valued at $1,326,076.56. This trade represents a 39.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Marianne Vidershain sold 1,590 shares of Lear stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $135.00, for a total transaction of $214,650.00. Following the transaction, the vice president directly owned 1,862 shares in the company, valued at approximately $251,370. The trade was a 46.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 25,264 shares of company stock valued at $3,400,687. 1.02% of the stock is owned by corporate insiders.

Lear Profile

Lear Corporation (NYSE: LEA) is a global supplier of automotive seating and electrical distribution systems. The company designs, engineers and manufactures complete seat systems, seat components and power solutions for major vehicle manufacturers. Its electrical business delivers modules and components for battery management, infotainment, body and safety electronics, as well as advanced connectivity and electrification solutions.

The seating division develops lightweight, ergonomic seat structures, trim and mechanisms that address comfort, safety and environmental targets.