Leonteq Securities AG Acquires Shares of 6,769 Lear Corporation $LEA

Leonteq Securities AG acquired a new stake in Lear Corporation (NYSE:LEA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,769 shares of the auto parts company’s stock, valued at approximately $776,000.

A number of other institutional investors also recently added to or reduced their stakes in LEA. WealthCollab LLC purchased a new stake in Lear in the 2nd quarter valued at approximately $28,000. Allworth Financial LP boosted its holdings in Lear by 62.6% in the 3rd quarter. Allworth Financial LP now owns 309 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 119 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Lear in the 3rd quarter valued at approximately $33,000. Quarry LP boosted its holdings in Lear by 94.9% in the 3rd quarter. Quarry LP now owns 458 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 223 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in Lear in the 3rd quarter valued at approximately $48,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Insider Transactions at Lear

In related news, VP Marianne Vidershain sold 1,590 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $135.00, for a total value of $214,650.00. Following the sale, the vice president owned 1,862 shares of the company’s stock, valued at approximately $251,370. This represents a 46.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.02% of the company’s stock.

Lear Price Performance

Shares of NYSE:LEA opened at $139.73 on Friday. The business’s 50 day simple moving average is $125.37 and its 200-day simple moving average is $121.21. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 0.70 and a beta of 1.21. 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 12 month low of $86.14 and a 12 month high of $142.84.

Lear (NYSE:LEA) last issued its quarterly earnings data on Friday, May 1st. The auto parts company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.36. Lear had a net margin of 2.25% and a return on equity of 13.69%. The business had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.84 billion. During the same period last year, the company posted $3.12 EPS. The company’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts forecast that Lear Corporation will post 14.61 earnings per share for the current fiscal year.

Lear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be paid a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $3.08 dividend on an annualized basis and a yield of 2.2%. Lear’s dividend payout ratio is presently 30.80%.

More Lear News

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Zacks highlighted Lear (LEA) as a top-ranked growth stock, which may draw in growth-oriented investors and support the shares. Lear (LEA) is a Top-Ranked Growth Stock: Should You Buy?
• Neutral Sentiment: Recent articles about saunas, red light therapy, crypto regulation, and other unrelated topics do not appear to affect Lear’s shares. The health benefits of saunas: backed by research and experts
• Neutral Sentiment: Lear’s latest reported results showed EPS ahead of expectations and revenue growth, helping reinforce the stock’s positive momentum, though this was from an earlier earnings release rather than a new catalyst today.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Bank of America assumed coverage on Lear in a report on Wednesday, March 4th. They issued a “neutral” rating on the stock. Wall Street Zen raised Lear from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Argus raised Lear to a “strong-buy” rating in a research note on Monday, February 9th. TD Cowen reissued a “hold” rating on shares of Lear in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. boosted their price target on Lear from $152.00 to $153.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Lear presently has a consensus rating of “Hold” and an average price target of $140.54.

Lear Company 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.