November 29, 2016 - By Marie Mckinney · 0 Comments
Lear Corp (NYSE:LEA) institutional sentiment decreased to 0.94 in 2016 Q2. Its down -0.11, from 1.05 in 2016Q1. The ratio is negative, as 212 hedge funds opened new or increased stock positions, while 202 reduced and sold their holdings in Lear Corp. The hedge funds in our partner’s database now own: 65.88 million shares, down from 75.13 million shares in 2016Q1. Also, the number of hedge funds holding Lear Corp in their top 10 stock positions decreased from 9 to 5 for a decrease of 4. Sold All: 33 Reduced: 169 Increased: 162 New Position: 50.
Lear Corporation is a supplier to the global automotive industry. The company has a market cap of $9.10 billion. The Firm is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. It has a 9.77 P/E ratio. The Firm operates through two divisions: seating and electrical.
The stock decreased 0.73% or $0.94 during the last trading session, hitting $128.68. Lear Corporation (NYSE:LEA) has risen 10.80% since April 26, 2016 and is uptrending. It has outperformed by 5.54% the S&P500.
Analysts await Lear Corporation (NYSE:LEA) to report earnings on January, 26. They expect $3.44 EPS, up 7.50% or $0.24 from last year’s $3.2 per share. LEA’s profit will be $243.27 million for 9.35 P/E if the $3.44 EPS becomes a reality. After $3.19 actual EPS reported by Lear Corporation for the previous quarter, Wall Street now forecasts 7.84% EPS growth.
According to Zacks Investment Research, “Lear Corporation is a leading global supplier of automotive seating systems, electrical distribution systems and electronics. The seating segment consists of the manufacture, assembly and supply of vehicle seating requirements. The Company produces seat systems for automobiles and light trucks that are fully assembled and ready for installation. The electrical and electronic segment consists of the manufacture, assembly and supply of electrical and electronic systems and components for the vehicle. The Company is able to provide its customers with engineering and design solutions and manufactured systems, modules and components that optimally integrate the electrical distribution system of wiring, terminals and connectors, junction boxes and electronic modules within the overall architecture of the vehicle. Lear Corporation is headquartered in Southfield, Michigan.”
Paradice Investment Management Llc holds 4.82% of its portfolio in Lear Corporation for 396,134 shares. Spitfire Capital Llc owns 88,627 shares or 4.2% of their US portfolio. Moreover, J.P. Marvel Investment Advisors Llc has 3.24% invested in the company for 91,016 shares. The Indiana-based Horizon Investment Services Llc has invested 3.06% in the stock. Northcoast Asset Management Llc, a Connecticut-based fund reported 408,828 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 2 insider sales for $254,813 net activity.
Ratings analysis reveals 27% of Lear Corporation’s analysts are positive. Out of 11 Wall Street analysts rating Lear Corporation, 3 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $111 while the high is $153. The stock’s average target of $129 is 0.25% above today’s ($128.68) share price. LEA was included in 25 notes of analysts from July 27, 2015. On Wednesday, November 9 the stock rating was downgraded by Bank of America to “Underperform”. RBC Capital Markets maintained it with “Outperform” rating and $136 target price in Thursday, April 28 report. The rating was maintained by Goldman Sachs with “Neutral” on Tuesday, May 3. The company was downgraded on Monday, October 26 by Deutsche Bank. The firm has “Neutral” rating given on Tuesday, October 11 by Robert W. Baird. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, October 14. Seaport Global initiated the shares of LEA in a report on Tuesday, August 9 with “Neutral” rating. The stock of Lear Corporation (NYSE:LEA) has “Buy” rating given on Tuesday, August 18 by UBS. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, October 26. As per Thursday, October 27, the company rating was maintained by RBC Capital Markets.
Lear Corporation (Lear), incorporated on January 13, 1987, is a supplier to the global automotive industry. The Firm is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Firm operates through two divisions: seating and electrical. It has over 240 manufacturing, engineering and administrative locations in approximately 40 countries. It has automotive content on over 350 vehicle nameplates across the world.
More notable recent Lear Corporation (NYSE:LEA) news were published by: Forbes.com which released: “How China Is A Major Boost For Lear Corporation Right Now” on November 15, 2016, also Prnewswire.com with their article: “Lear Corporation Opens New Innovation Center in Detroit” published on October 18, 2016, Prnewswire.com published: “Lear Corporation Inducted Into The Billion Dollar Roundtable” on August 19, 2016. More interesting news about Lear Corporation (NYSE:LEA) were released by: Forbes.com and their article: “What Will Be The Jump In Lear’s Valuation If Seating Margin Expands By More …” published on September 22, 2016 as well as Prnewswire.com‘s news article titled: “Qualcomm and Lear Corporation Sign Commercial Wireless Electric Vehicle …” with publication date: July 27, 2016.
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By Marie Mckinney