Lear (NYSE:LEA) CFO Jason Cardew Sells 5,000 Shares of Stock

Lear Corporation (NYSE:LEA) CFO Jason Cardew sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $147.50, for a total value of $737,500.00. Following the completion of the transaction, the chief financial officer directly owned 13,241 shares in the company, valued at approximately $1,953,047.50. The trade was a 27.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lear Stock Performance

Shares of LEA stock opened at $145.11 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.05. Lear Corporation has a fifty-two week low of $86.14 and a fifty-two week high of $150.33. The stock’s 50-day moving average is $129.91 and its two-hundred day moving average is $123.32. The firm has a market cap of $7.27 billion, a P/E ratio of 14.51, a PEG ratio of 0.75 and a beta of 1.23.

Lear (NYSE:LEA) last issued its earnings results on Friday, May 1st. The auto parts company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.36. Lear had a return on equity of 13.69% and a net margin of 2.25%.The company had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same period in the prior year, the firm posted $3.12 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. Analysts predict that Lear Corporation will post 14.61 earnings per share for the current fiscal year.

Lear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Wednesday, June 3rd will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, June 3rd. Lear’s dividend payout ratio is presently 30.80%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley set a $130.00 target price on Lear in a research report on Monday, May 4th. UBS Group lowered their price objective on Lear from $145.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. The Goldman Sachs Group increased their price objective on Lear from $115.00 to $131.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Royal Bank Of Canada lifted their target price on shares of Lear from $134.00 to $138.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 5th. Finally, Benchmark initiated coverage on Lear in a report on Thursday, February 19th. They issued a “buy” rating and a $170.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $143.08.

Hedge Funds Weigh In On Lear

Several institutional investors have recently bought and sold shares of LEA. M&T Bank Corp raised its position in Lear by 46,707.8% in the 4th quarter. M&T Bank Corp now owns 951,602 shares of the auto parts company’s stock valued at $109,054,000 after purchasing an additional 949,569 shares during the last quarter. Norges Bank bought a new stake in shares of Lear during the fourth quarter worth $82,016,000. Balyasny Asset Management L.P. bought a new stake in shares of Lear during the second quarter worth $39,656,000. Caisse de depot et placement du Quebec bought a new stake in shares of Lear during the third quarter worth $40,984,000. Finally, American Century Companies Inc. raised its position in shares of Lear by 23.6% during the third quarter. American Century Companies Inc. now owns 1,569,341 shares of the auto parts company’s stock worth $157,891,000 after acquiring an additional 299,841 shares during the last quarter. Institutional investors own 97.04% of the company’s stock.

Lear News Summary

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Investor sentiment toward auto suppliers remains constructive after Lear’s last earnings report, where the company beat EPS estimates and posted year-over-year revenue growth, reinforcing the view that fundamentals are improving. This supports the stock’s recent rise and helps explain why shares are trading near their 52-week high.
• Neutral Sentiment: Two separate filings showed CFO Jason M. Cardew sold shares on June 1 and June 2. While insider sales can draw attention, the transactions were relatively small versus his remaining stake and do not necessarily signal a change in Lear’s outlook. Article: Lear Corporation CFO Jason M. Cardew sold shares
• Neutral Sentiment: No new company-specific operational update, guidance revision, or major contract announcement appeared in the latest 24-36 hours, so the stock’s move is likely being driven more by broader market positioning and the afterglow from prior earnings strength than by fresh news.
• Negative Sentiment: Recent insider selling from the CFO may create some short-term caution among investors, especially after a strong run in the shares, as some may interpret it as limited confidence in near-term upside.

About Lear

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.