UMB Bank n.a. Raises Position in Lear Co. (NYSE:LEA)

UMB Bank n.a. boosted its holdings in Lear Co. (NYSE:LEA) by 233.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 410 shares of the auto parts company’s stock after acquiring an additional 287 shares during the quarter. UMB Bank n.a.’s holdings in Lear were worth $39,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in shares of Lear by 70.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock worth $32,000 after buying an additional 110 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Lear by 39.1% in the 4th quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 120 shares in the last quarter. Lakewood Asset Management LLC increased its position in shares of Lear by 1.3% during the 4th quarter. Lakewood Asset Management LLC now owns 9,957 shares of the auto parts company’s stock valued at $943,000 after purchasing an additional 126 shares during the last quarter. Quarry LP lifted its position in Lear by 13.8% in the 3rd quarter. Quarry LP now owns 1,105 shares of the auto parts company’s stock worth $121,000 after buying an additional 134 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in Lear by 71.6% in the third quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock worth $36,000 after buying an additional 139 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LEA. StockNews.com raised shares of Lear from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company dropped their target price on Lear from $106.00 to $99.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. The Goldman Sachs Group lowered their price objective on Lear from $144.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. Barclays decreased their target price on shares of Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Lear from $162.00 to $160.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Lear has an average rating of “Hold” and an average price target of $133.73.

Lear Trading Up 1.7 %

NYSE:LEA opened at $96.25 on Friday. Lear Co. has a one year low of $90.03 and a one year high of $147.11. The company’s 50-day simple moving average is $95.94 and its 200 day simple moving average is $104.64. The firm has a market capitalization of $5.23 billion, a P/E ratio of 10.12, a PEG ratio of 0.49 and a beta of 1.43. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 1.03.

Lear (NYSE:LEA) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.32. Lear had a return on equity of 14.68% and a net margin of 2.33%. The company had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter in the prior year, the business posted $2.87 EPS. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, analysts forecast that Lear Co. will post 12.02 EPS for the current fiscal year.

Lear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Wednesday, December 11th. Lear’s dividend payout ratio is presently 32.39%.

Lear Company 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.