Insiders Are Selling – Lear Corporation (NYSE:LEA)


Here is a rundown on some insider market activity for Lear Corporation (NYSE:LEA). Henry D. G. Wallace, Director disclosed the sale of 4,139 shares of (LEA). The shares were sold on September 18th for an average price of $166.71. The Director now owns $0 of the stock per the Form 4 SEC filing.

Lear Corporation (Lear), launched on January 13, 1987, is a supplier to the global automotive industry. The Company is involved in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Business’s segments include Seating and E-Systems. The Company serves the automotive and light truck market. As of December 31, 2016, the Company had 243 manufacturing, engineering and administrative locations in 37 countries..

These firms have modified their investment in LEA. Perigon Wealth Management, LLC downsized its investment by shedding 8 shares a decrease of 3.1%. Perigon Wealth Management, LLC currently owns 250 shares with a value of $36,000. The total value of its holdings decreased 2.7%. As of quarter end Cantab Capital Partners Llp had bought a total of 4,490 shares growing its position 29.2%. The value of the total investment in Lear Corporation increased from $2,181,000 to $2,826,000,000 a change of 129,473.6% for the reporting period.

Exane Derivatives cut its holdings by selling 4,374 shares a decrease of 22.4% from 03/31/2017 to 06/30/2017. Exane Derivatives now holds 15,159 shares worth $2,153,261,000. The value of the position overall is up by 77,775.6%. Paradice Investment Management LLC added to its ownership by buying 16,900 shares an increase of 4.0% in the quarter. Paradice Investment Management LLC now controls 438,790 shares valued at $62,343,000. The total value of its holdings increased 4.4%.

July 27 investment analysts at Barclays left the stock rating at “Equal-Weight” but raised the price target to $152.00 from $116.00. On June 21 analysts at Guggenheim added LEA to its research portfolio by announcing an initial rating of “Buy”.

On June 8 the stock rating was downgraded from “Equal-weight” to “Underweight” in an announcement from Morgan Stanley.

The company is trading down since yesterday’s close of 166.3. Lear Corporation also declared a dividend that was paid on Tuesday the 19th of September 2017. The dividend was $0.500 per share for the quarter which comes to $2.00 on an annualized basis. This dividend amount was represent a yield of $1.20. The ex-dividend date was Tuesday the 29th of August 2017.

Shares are trading at $166.26 quite a bit above the 50 day moving average of $149.19 and which is significantly above the 200 day moving average of $144.41. The 50 day moving average was up $17.07 or +11.44% and the 200 day average moved up $21.85.

The P/E ratio is 11.08 and market cap is 11.32B. As of the latest earnings report the EPS was $15.01 and is expected to be $16.53 for the current year with 68,064,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $4.18 and the next full year EPS is projected to be $17.37.

Short traders are feeling a little more bullish on shares of Lear Corporation recently if you consider the motion in short interest. The stock experienced a fall in short interest from August 15, 2017 to August 31, 2017 of -5.17%. Short interest decreased from 3,694,008 to 3,503,147 over that timeframe. Days to cover decreased 0.0 to 6.0 and the short interest percentage is 0.05% as of August 31.