Mutual of America Capital Management LLC Sells 1,467 Shares of Lear Co. (NYSE:LEA)

Mutual of America Capital Management LLC reduced its position in Lear Co. (NYSE:LEA) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,515 shares of the auto parts company’s stock after selling 1,467 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Lear were worth $3,714,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Lear during the 1st quarter valued at about $29,000. Riverview Trust Co purchased a new position in Lear during the first quarter valued at approximately $32,000. Central Pacific Bank Trust Division bought a new position in Lear in the first quarter worth approximately $62,000. Isthmus Partners LLC lifted its holdings in Lear by 2.1% during the second quarter. Isthmus Partners LLC now owns 64,398 shares of the auto parts company’s stock worth $74,000 after buying an additional 1,336 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in Lear during the 4th quarter valued at $75,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on LEA shares. Evercore ISI reduced their price target on Lear from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, July 15th. UBS Group decreased their price target on shares of Lear from $136.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Wolfe Research started coverage on shares of Lear in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Morgan Stanley reduced their price objective on shares of Lear from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. cut their price target on shares of Lear from $179.00 to $166.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.70.

Lear Trading Down 1.8 %

NYSE:LEA opened at $108.02 on Monday. The company has a market capitalization of $6.13 billion, a P/E ratio of 11.78, a PEG ratio of 0.41 and a beta of 1.45. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. Lear Co. has a 12 month low of $101.67 and a 12 month high of $147.11. The firm has a fifty day simple moving average of $113.91 and a 200-day simple moving average of $123.79.

Lear (NYSE:LEA) last posted its quarterly earnings results on Thursday, July 25th. The auto parts company reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.26. Lear had a return on equity of 14.75% and a net margin of 2.30%. The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the business earned $3.33 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Lear Co. will post 12.79 earnings per share for the current year.

Lear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, September 4th. Lear’s payout ratio is 33.59%.

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.