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

Mutual of America Capital Management LLC trimmed its holdings in Lear Co. (NYSE:LEA) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 owned approximately 0.06% of Lear worth $3,714,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in shares of Lear during the first quarter worth $29,000. Riverview Trust Co purchased a new position in shares of Lear during the first quarter valued at about $32,000. Central Pacific Bank Trust Division purchased a new position in shares of Lear during the first quarter valued at about $62,000. Isthmus Partners LLC lifted its position in shares of Lear by 2.1% in 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 in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in Lear during the fourth quarter valued at approximately $75,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

Lear Stock Down 1.8 %

Shares of NYSE:LEA opened at $108.02 on Monday. The firm has a market capitalization of $6.13 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.41 and a beta of 1.45. The business has a 50 day simple moving average of $113.91 and a two-hundred day simple moving average of $123.79. Lear Co. has a 1 year low of $101.67 and a 1 year high of $147.11. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.34 and a quick ratio of 1.04.

Lear (NYSE:LEA) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $3.60 EPS 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 company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the prior year, the company posted $3.33 EPS. Lear’s quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts predict that Lear Co. will post 12.79 EPS for the current year.

Lear Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LEA. UBS Group decreased their price objective on Lear from $136.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $132.00 price target on shares of Lear in a research note on Tuesday, September 10th. Bank of America dropped their price objective on shares of Lear from $205.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Evercore ISI decreased their target price on shares of Lear from $155.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, July 15th. Finally, Barclays reduced their price objective on Lear from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Lear has a consensus rating of “Moderate Buy” and an average target price of $149.70.

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.