Lear (NYSE:LEA) Reaches New 52-Week Low – What’s Next?

Lear Co. (NYSE:LEA)’s share price hit a new 52-week low on Monday . The company traded as low as $87.20 and last traded at $87.57, with a volume of 16376 shares changing hands. The stock had previously closed at $94.09.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LEA. Morgan Stanley dropped their price target on Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Bank of America decreased their price target on shares of Lear from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, October 14th. JPMorgan Chase & Co. reduced their price objective on shares of Lear from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, TD Cowen reduced their price objective on shares of Lear from $142.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $132.18.

Lear Trading Down 3.8 %

The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.57. The firm’s 50 day simple moving average is $96.03 and its 200-day simple moving average is $103.70. The company has a market capitalization of $4.92 billion, a PE ratio of 9.49, a P/E/G ratio of 0.61 and a beta of 1.42.

Lear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 11th were issued a $0.77 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $3.08 annualized dividend and a yield of 3.40%. Lear’s dividend payout ratio is presently 32.39%.

Institutional Trading of Lear

Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in shares of Lear by 187.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 187 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Lear in the 3rd quarter worth about $34,000. Blue Trust Inc. lifted its position in Lear by 240.4% during the 3rd quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock valued at $35,000 after purchasing an additional 214 shares during the period. Signaturefd LLC raised its position in shares of Lear by 71.6% in the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 139 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Lear by 233.3% in the 4th quarter. UMB Bank n.a. now owns 410 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 287 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

Lear Company Profile

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.