Skba Capital Management LLC Lowers Position in Lear Co. (NYSE:LEA)

Skba Capital Management LLC trimmed its position in Lear Co. (NYSE:LEA) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,800 shares of the auto parts company’s stock after selling 1,600 shares during the period. Skba Capital Management LLC owned 0.13% of Lear worth $6,799,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in shares of Lear by 187.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock worth $27,000 after buying an additional 187 shares during the period. Addison Advisors LLC grew its holdings in Lear by 68.2% in the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 137 shares during the period. UMB Bank n.a. increased its stake in shares of Lear by 233.3% during the fourth quarter. UMB Bank n.a. now owns 410 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 287 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Lear by 39.1% during the fourth quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 120 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Lear in the 3rd quarter worth approximately $50,000. Institutional investors own 97.04% of the company’s stock.

Wall Street Analyst Weigh In

LEA has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on Lear from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. TD Cowen lowered Lear from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research report on Friday, March 7th. Wells Fargo & Company upped their price target on shares of Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Evercore ISI reduced their price objective on shares of Lear from $125.00 to $110.00 and set an “in-line” rating for the company in a research note on Monday, February 10th. Finally, UBS Group dropped their target price on shares of Lear from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $123.36.

Insiders Place Their Bets

In related news, Director Rod Lache purchased 2,178 shares of Lear stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $91.80 per share, for a total transaction of $199,940.40. Following the completion of the transaction, the director now directly owns 2,178 shares in the company, valued at $199,940.40. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.79% of the company’s stock.

Lear Price Performance

NYSE LEA opened at $87.82 on Monday. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.49 and a beta of 1.44. Lear Co. has a 1-year low of $86.28 and a 1-year high of $145.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.02. The business’s fifty day moving average price is $95.39 and its 200-day moving average price is $98.27.

Lear (NYSE:LEA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. On average, equities analysts predict that Lear Co. will post 12.89 earnings per share for the current year.

Lear Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.77 per share. The ex-dividend date was Thursday, March 6th. This represents a $3.08 dividend on an annualized basis and a yield of 3.51%. Lear’s dividend payout ratio is currently 34.45%.

Lear 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.