Lear Corporation $LEA Shares Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP grew its position in Lear Corporation (NYSE:LEA) by 102.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,895 shares of the auto parts company’s stock after acquiring an additional 10,091 shares during the period. Mirabella Financial Services LLP’s holdings in Lear were worth $1,998,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. WealthCollab LLC purchased a new position in shares of Lear in the 2nd quarter valued at about $28,000. Allworth Financial LP boosted its position in Lear by 62.6% during 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 in the last quarter. Advisory Services Network LLC purchased a new position in Lear during the third quarter worth approximately $33,000. Quent Capital LLC acquired a new stake in Lear in the third quarter valued at approximately $38,000. Finally, Farther Finance Advisors LLC increased its position in shares of Lear by 34.0% in the third quarter. Farther Finance Advisors LLC now owns 422 shares of the auto parts company’s stock valued at $42,000 after buying an additional 107 shares in the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LEA shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $121.00 target price on shares of Lear in a research note on Thursday, January 15th. Royal Bank Of Canada initiated coverage on shares of Lear in a research note on Thursday, March 12th. They issued a “sector perform” rating and a $135.00 price target on the stock. Citigroup upped their price objective on shares of Lear from $146.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Argus raised shares of Lear to a “strong-buy” rating in a report on Monday, February 9th. Finally, Evercore lifted their target price on shares of Lear from $110.00 to $120.00 and gave the company an “in-line” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $138.00.

Key Headlines Impacting Lear

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Zacks published a bullish note calling LEA a “strong growth stock,” highlighting favorable style scores and growth prospects that may attract investors focused on earnings momentum and valuation metrics. Here’s Why Lear (LEA) is a Strong Growth Stock
• Neutral Sentiment: Transcript of Lear’s presentation at the Bank of America Global Automotive Summit was published; investor takeaway will depend on management’s forward commentary and execution details — presentations often reinforce strategy but rarely move the stock unless new guidance is provided. Lear Corporation (LEA) Presents at Bank of America Global Automotive Summit Transcript
• Negative Sentiment: An insider sale: Lear’s EVP & President sold 7,133 shares (about $967k) on Feb. 26, trimming his direct stake by ~29.8%. Large insider dispositions can trigger short-term selling or concern among some investors even if not tied to company fundamentals. Lear EVP and President Sells 7,133 Shares for $967,000

Insider Buying and Selling at Lear

In related news, SVP Alicia J. Davis sold 6,630 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $1,326,076.56. The trade was a 39.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jason M. Cardew sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $134.51, for a total transaction of $1,345,100.00. Following the sale, the chief financial officer directly owned 22,741 shares of the company’s stock, valued at approximately $3,058,891.91. This represents a 30.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,264 shares of company stock valued at $3,400,687 over the last ninety days. 0.91% of the stock is currently owned by corporate insiders.

Lear Stock Performance

NYSE LEA opened at $116.07 on Thursday. The company has a market cap of $5.89 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 0.85 and a beta of 1.26. The stock’s 50 day simple moving average is $126.17 and its 200-day simple moving average is $114.03. Lear Corporation has a 1-year low of $73.85 and a 1-year high of $142.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.35 and a quick ratio of 1.05.

Lear (NYSE:LEA) last issued its quarterly earnings results on Wednesday, February 4th. The auto parts company reported $3.41 EPS for the quarter, topping the consensus estimate of $2.67 by $0.74. Lear had a return on equity of 13.40% and a net margin of 1.88%.The firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.78 billion. During the same period in the previous year, the business earned $2.94 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts anticipate that Lear Corporation will post 12.89 EPS for the current fiscal year.

Lear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.7%. Lear’s dividend payout ratio is presently 37.79%.

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.