Lear Corp (NYSE:LEA) 2017 Q3 Institutional Investor Sentiment Steady

January 14, 2018 - By Hazel Jackson

 Lear Corp (NYSE:LEA)  2017 Q3 Institutional Investor Sentiment Steady

Sentiment for Lear Corp (NYSE:LEA)

Lear Corp (NYSE:LEA) institutional sentiment increased to 0.92 in 2017 Q3. Its up 0.08, from 0.84 in 2017Q2. The ratio improved, as 196 hedge funds opened new or increased stock positions, while 214 trimmed and sold equity positions in Lear Corp. The hedge funds in our partner’s database reported: 59.92 million shares, down from 62.83 million shares in 2017Q2. Also, the number of hedge funds holding Lear Corp in their top 10 stock positions increased from 8 to 12 for an increase of 4. Sold All: 41 Reduced: 173 Increased: 135 New Position: 61.

Lear Corporation designs, develops, engineers, makes, assembles, and supplies automotive seating, electrical distribution systems, and related components primarily to automotive original equipment manufacturers worldwide. The company has market cap of $12.78 billion. It operates in two divisions, Seating and E-Systems. It has a 11.81 P/E ratio. The Seating segment provides seat systems and related components, including leather and fabric products, seat trim covers, recliner mechanisms, seat tracks, seat structures and mechanisms, seat foams, and headrests primarily for automobiles and light trucks, compact cars, and sport utility vehicles, as well as thermoelectric seat heating and cooling systems.

The stock increased 2.29% or $4.23 during the last trading session, reaching $189.14. About 646,332 shares traded or 35.93% up from the average. Lear Corporation (NYSE:LEA) has risen 28.33% since January 14, 2017 and is uptrending. It has outperformed by 11.63% the S&P500.

Analysts await Lear Corporation (NYSE:LEA) to report earnings on January, 25. They expect $4.27 earnings per share, up 12.37 % or $0.47 from last year’s $3.8 per share. LEA’s profit will be $288.47 million for 11.07 P/E if the $4.27 EPS becomes a reality. After $3.96 actual earnings per share reported by Lear Corporation for the previous quarter, Wall Street now forecasts 7.83 % EPS growth.

Paradice Investment Management Llc holds 5.88% of its portfolio in Lear Corporation for 452,846 shares. Seminole Management Co. Inc. owns 135,611 shares or 5.03% of their US portfolio. Moreover, Simcoe Capital Management Llc has 4.3% invested in the company for 62,825 shares. The California-based Spitfire Capital Llc has invested 4.15% in the stock. J.P. Marvel Investment Advisors Llc, a Massachusetts-based fund reported 70,332 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 3 sales for $1.60 million activity.

Lear Corporation (NYSE:LEA) Ratings Coverage

Ratings analysis reveals 50% of Lear Corporation’s analysts are positive. Out of 20 Wall Street analysts rating Lear Corporation, 10 give it “Buy”, 3 “Sell” rating, while 7 recommend “Hold”. The lowest target is $111 while the high is $232.0. The stock’s average target of $169.61 is -10.33% below today’s ($189.14) share price. LEA was included in 64 notes of analysts from July 27, 2015. The stock has “Hold” rating by RBC Capital Markets on Tuesday, July 11. Morgan Stanley downgraded the shares of LEA in report on Tuesday, February 21 to “Equal-Weight” rating. The firm has “Buy” rating by Robert W. Baird given on Monday, October 16. Evercore downgraded the stock to “Hold” rating in Wednesday, January 4 report. RBC Capital Markets maintained the shares of LEA in report on Thursday, October 27 with “Sector Perform” rating. RBC Capital Markets maintained the stock with “Hold” rating in Friday, April 28 report. The rating was downgraded by UBS on Tuesday, October 3 to “Neutral”. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Monday, November 13 report. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, April 11. The firm earned “Neutral” rating on Tuesday, August 9 by Seaport Global.

More notable recent Lear Corporation (NYSE:LEA) news were published by: Mlive.com which released: “100-plus available Lear jobs in Flint starting at $13.85 per hour” on January 04, 2018, also Seekingalpha.com with their article: “Lear Corporation: Automotive Components Leader” published on December 15, 2017, Prnewswire.com published: “Lear to Announce 2018 Guidance During its Presentation at Deutsche Bank Global …” on January 10, 2018. More interesting news about Lear Corporation (NYSE:LEA) were released by: Twst.com and their article: “Lear Corporation: Lear Announces Date for Fourth Quarter and Full Year 2017 …” published on December 20, 2017 as well as Nasdaq.com‘s news article titled: “Lear Corporation (LEA): The Perfect Mix of Value and Rising Earnings Estimates?” with publication date: January 09, 2018.

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