Mutual of America Capital Management LLC Has $5.09 Million Stock Holdings in Lear Co. (NYSE:LEA)

Mutual of America Capital Management LLC decreased its holdings in shares of Lear Co. (NYSE:LEA) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 36,021 shares of the auto parts company’s stock after selling 2,182 shares during the period. Mutual of America Capital Management LLC’s holdings in Lear were worth $5,087,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LEA. American Century Companies Inc. grew its stake in shares of Lear by 4.0% in the 1st quarter. American Century Companies Inc. now owns 10,192 shares of the auto parts company’s stock worth $1,454,000 after acquiring an additional 390 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Lear in the 1st quarter worth $657,000. Bank of Montreal Can grew its stake in shares of Lear by 81.0% in the 1st quarter. Bank of Montreal Can now owns 19,834 shares of the auto parts company’s stock worth $2,890,000 after acquiring an additional 8,878 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of Lear by 47.8% in the 1st quarter. Raymond James Trust N.A. now owns 1,948 shares of the auto parts company’s stock worth $277,000 after acquiring an additional 630 shares in the last quarter. Finally, Aviva PLC grew its stake in shares of Lear by 62.8% in the 1st quarter. Aviva PLC now owns 39,256 shares of the auto parts company’s stock worth $5,598,000 after acquiring an additional 15,137 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LEA shares. JPMorgan Chase & Co. reduced their price target on shares of Lear from $195.00 to $179.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Wells Fargo & Company increased their price target on shares of Lear from $130.00 to $134.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Morgan Stanley increased their price target on shares of Lear from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Barclays increased their price target on shares of Lear from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, StockNews.com upgraded shares of Lear from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.44.

Lear Price Performance

Shares of NYSE:LEA opened at $133.70 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $7.61 billion, a PE ratio of 13.81, a P/E/G ratio of 0.33 and a beta of 1.54. Lear Co. has a twelve month low of $117.79 and a twelve month high of $157.90. The company has a 50-day moving average price of $139.16 and a two-hundred day moving average price of $135.91.

Lear (NYSE:LEA) last issued its earnings results on Tuesday, February 6th. The auto parts company reported $3.03 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.09). The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.69 billion. Lear had a return on equity of 14.09% and a net margin of 2.44%. Lear’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.81 EPS. Equities analysts forecast that Lear Co. will post 14.55 EPS for the current year.

Lear Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Thursday, March 7th. Lear’s payout ratio is 31.82%.

Insider Transactions at Lear

In other news, CFO Jason M. Cardew sold 2,750 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $140.81, for a total value of $387,227.50. Following the sale, the chief financial officer now directly owns 17,506 shares of the company’s stock, valued at $2,465,019.86. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Jason M. Cardew sold 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $140.81, for a total value of $387,227.50. Following the sale, the chief financial officer now directly owns 17,506 shares of the company’s stock, valued at $2,465,019.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Raymond E. Scott sold 10,652 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $132.86, for a total transaction of $1,415,224.72. Following the completion of the sale, the chief executive officer now directly owns 13,627 shares in the company, valued at $1,810,483.22. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

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.