Lear Corporation $LEA Shares Purchased by Mirabella Financial Services LLP

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Schroder Investment Management Group grew its holdings in Lear by 75.6% in the 2nd quarter. Schroder Investment Management Group now owns 1,801,284 shares of the auto parts company’s stock valued at $171,086,000 after buying an additional 775,476 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Lear by 78.6% during the 2nd quarter. American Century Companies Inc. now owns 1,269,500 shares of the auto parts company’s stock worth $120,577,000 after acquiring an additional 558,538 shares during the period. Norges Bank acquired a new position in shares of Lear during the 2nd quarter valued at about $48,468,000. Balyasny Asset Management L.P. acquired a new position in shares of Lear during the 2nd quarter valued at about $39,656,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in shares of Lear in the third quarter valued at about $40,984,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Lear in a research report on Thursday, January 22nd. Morgan Stanley increased their price target on shares of Lear from $112.00 to $123.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Evercore raised their price target on shares of Lear from $110.00 to $120.00 and gave the stock an “in-line” rating in a report on Monday, November 24th. UBS Group lifted their price target on shares of Lear from $135.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Finally, Bank of America initiated coverage on Lear in a report on Wednesday, March 4th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Lear has a consensus rating of “Hold” and an average price target of $138.00.

Lear Trading Down 2.1%

NYSE LEA opened at $116.07 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.35 and a quick ratio of 1.05. The stock has a market capitalization of $5.89 billion, a P/E ratio of 14.24, a PEG ratio of 0.85 and a beta of 1.26. The firm’s 50-day moving average is $126.17 and its two-hundred day moving average is $114.03. Lear Corporation has a 12 month low of $73.85 and a 12 month high of $142.84.

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

Lear Dividend Announcement

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

Lear News Summary

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 Transactions at Lear

In other Lear news, SVP Harry Albert Kemp sold 7,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $136.31, for a total transaction of $954,170.00. Following the transaction, the senior vice president directly owned 17,423 shares in the company, valued at $2,374,929.13. This represents a 28.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alicia J. Davis sold 6,630 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $132.98, for a total value of $881,657.40. Following the transaction, the senior vice president owned 9,972 shares of the company’s stock, valued at approximately $1,326,076.56. This represents a 39.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,264 shares of company stock valued at $3,400,687 over the last three months. 0.91% of the stock is currently owned by company insiders.

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.