Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, has been the subject of significant investor activity and financial analyst assessment recently. This report provides key insights for South African investors considering or currently holding LEA stock.
Investor Activity in Lear Co.
Several institutional investors have adjusted their holdings in Lear Co., indicating varying levels of confidence in the company's future performance. Grimes & Company Inc. increased its stake by 68.3% in Q1, owning 78,917 shares valued at $6,962,000. Similarly, Harbor Capital Advisors Inc. raised its stake by 34.9% during the same period, now holding 39,622 shares worth $3,495,000.
Other notable changes include:
- Addison Advisors LLC increased holdings by 68.2% in Q4.
- Quadrant Capital Group LLC raised its position by 51.1% in Q4.
- Fifth Third Bancorp grew its stake by 131.8% in Q1.
- Allspring Global Investments Holdings LLC increased its holdings significantly by 7,452.3% in Q4.
These activities demonstrate ongoing interest and adjustments in investment strategies concerning Lear Co.
Analyst Ratings and Price Targets
Ten financial analysts have provided ratings for Lear (NYSE:LEA) in the past three months, offering a mixed perspective. The analysts' 12-month price targets average $100.9, with a high estimate of $123.00 and a low estimate of $83.00. It's important to note that the current average is lower than the previous average price target of $105.22, reflecting a 4.11% decline.
Key Analyst Actions:
- Ratings: Qualitative assessments ranging from 'Outperform' to 'Underperform' reflecting expectations for Lear's relative performance.
- Price Targets: Estimates for Lear's future value, providing insights into analysts' evolving expectations.
Lear Stock Performance
On Tuesday, NYSE:LEA traded down $1.90, reaching $90.68. The company's stock had a trading volume of 748,094 shares, compared to its average volume of 721,785. This indicates moderate trading activity around the stock.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.