LEA) Shares, Reconfirms Their Original Hold Rating



August 29, 2017 – By Ellis Scott

Investors sentiment decreased to 0.71 in Q4 2016. Its down 0.23, from 0.94 in 2016Q3. It worsened, as 45 investors sold Lear Corporation shares while 197 reduced holdings. 55 funds opened positions while 116 raised stakes. 62.67 million shares or 6.07% less from 66.72 million shares in 2016Q3 were reported.

Marshall Wace Llp accumulated 8,106 shares or 0.01% of the stock. Pitcairn has 14,728 shares. Pensionfund Dsm Netherlands owns 24,000 shares. 149,090 were reported by Northcoast Asset Mngmt Limited Com. Cap Guardian has invested 0% in Lear Corporation (NYSE:LEA). Gargoyle Inv Advisor Ltd Liability Co accumulated 21,118 shares. Aviva Pcl owns 46,351 shares. Artemis Inv Mgmt Ltd Liability Partnership has 0.48% invested in Lear Corporation (NYSE:LEA). The Illinois-based Lsv Asset Mngmt has invested 0.6% in Lear Corporation (NYSE:LEA). Fifth Third State Bank holds 0.1% or 101,819 shares. Moreover, Eidelman Virant has 0.45% invested in Lear Corporation (NYSE:LEA). Stifel Fincl Corp accumulated 60,301 shares or 0.03% of the stock. Evercore Wealth Mgmt Ltd Llc owns 890 shares for 0% of their portfolio. Bailard stated it has 0.3% in Lear Corporation (NYSE:LEA). Grp has 0.01% invested in Lear Corporation (NYSE:LEA) for 20,082 shares.

Since March 9, 2017, it had 0 insider purchases, and 4 sales for $3.62 million activity. CAPO THOMAS P had sold 1,500 shares worth $219,462. Another trade for 2,266 shares valued at $328,842 was made by SMITH GREG C on Thursday, May 18. $3.05M worth of Lear Corporation (NYSE:LEA) was sold by STEPHENS MEL. MALLETT CONRAD L JR sold 99 shares worth $14,396.

Lear Corp (NYSE:LEA) Rating Reaffirmed

New York: In analysts note released on Sunday, 27 August, RBC Capital kept their Hold rating on Lear Corp (NYSE:LEA) shares. They now have a $162.0 PT on the firm. RBC Capital’s target would suggest a potential upside of 13.03 % from the company’s current price.

Investors sentiment decreased to 0.71 in Q4 2016. Its down 0.23, from 0.94 in 2016Q3. It worsened, as 45 investors sold Lear Corporation shares while 197 reduced holdings. 55 funds opened positions while 116 raised stakes. 62.67 million shares or 6.07% less from 66.72 million shares in 2016Q3 were reported.

Marshall Wace Llp accumulated 8,106 shares or 0.01% of the stock. Pitcairn has 14,728 shares. Pensionfund Dsm Netherlands owns 24,000 shares. 149,090 were reported by Northcoast Asset Mngmt Limited Com. Cap Guardian has invested 0% in Lear Corporation (NYSE:LEA). Gargoyle Inv Advisor Ltd Liability Co accumulated 21,118 shares. Aviva Pcl owns 46,351 shares. Artemis Inv Mgmt Ltd Liability Partnership has 0.48% invested in Lear Corporation (NYSE:LEA). The Illinois-based Lsv Asset Mngmt has invested 0.6% in Lear Corporation (NYSE:LEA). Fifth Third State Bank holds 0.1% or 101,819 shares. Moreover, Eidelman Virant has 0.45% invested in Lear Corporation (NYSE:LEA). Stifel Fincl Corp accumulated 60,301 shares or 0.03% of the stock. Evercore Wealth Mgmt Ltd Llc owns 890 shares for 0% of their portfolio. Bailard stated it has 0.3% in Lear Corporation (NYSE:LEA). Grp has 0.01% invested in Lear Corporation (NYSE:LEA) for 20,082 shares.

Since March 9, 2017, it had 0 insider purchases, and 4 sales for $3.62 million activity. CAPO THOMAS P had sold 1,500 shares worth $219,462. Another trade for 2,266 shares valued at $328,842 was made by SMITH GREG C on Thursday, May 18. $3.05M worth of Lear Corporation (NYSE:LEA) was sold by STEPHENS MEL. MALLETT CONRAD L JR sold 99 shares worth $14,396.

Lear Corporation (NYSE:LEA) Ratings Coverage

Among 15 analysts covering Lear Corporation (NYSE:LEA), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. Lear Corporation has $175 highest and $111 lowest target. $145.43’s average target is 1.47% above currents $143.32 stock price. Lear Corporation had 42 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Lear Corporation (NYSE:LEA) earned “Sell” rating by Goldman Sachs on Thursday, October 6. The firm earned “Neutral” rating on Tuesday, June 21 by Bank of America. The firm earned “Hold” rating on Tuesday, July 11 by RBC Capital Markets. Zacks downgraded the stock to “Buy” rating in Tuesday, August 25 report. Barclays Capital maintained Lear Corporation (NYSE:LEA) on Thursday, July 27 with “Equal-Weight” rating. RBC Capital Markets maintained Lear Corporation (NYSE:LEA) rating on Tuesday, April 11. RBC Capital Markets has “Hold” rating and $148 target. RBC Capital Markets maintained Lear Corporation (NYSE:LEA) on Wednesday, July 26 with “Hold” rating. Robert W. Baird initiated Lear Corporation (NYSE:LEA) on Tuesday, October 11 with “Neutral” rating. The rating was maintained by Barclays Capital on Monday, January 25 with “Equal Weight”. The firm earned “Outperform” rating on Thursday, April 28 by RBC Capital Markets.

About 148,474 shares traded. Lear Corporation (NYSE:LEA) has risen 28.33% since August 29, 2016 and is uptrending. It has outperformed by 11.63% the S&P500.

Lear Corporation is a supplier to the global automotive industry. The company has market cap of $9.75 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 9.52 P/E ratio. The Company’s divisions include Seating and E-Systems.

More notable recent Lear Corporation (NYSE:LEA) news were published by: Mlive.com which released: “435-job, $29M auto manufacturing plant to roll into Flint Buick City” on August 22, 2017, also Prnewswire.com with their article: “Lear Declares Quarterly Cash Dividend” published on August 10, 2017, Areadevelopment.com published: “Lear Corporation Expands Operations in Buick City, Michigan” on August 23, 2017. More interesting news about Lear Corporation (NYSE:LEA) were released by: Prnewswire.com and their article: “Lear Announces Offering of Senior Notes” published on August 14, 2017 as well as Prnewswire.com‘s news article titled: “Lear Announces Closing of Refinancing Transactions” with publication date: August 17, 2017.

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