Skba Capital Management LLC Sells 1,600 Shares of Lear Co. (NYSE:LEA)

Skba Capital Management LLC decreased its holdings in Lear Co. (NYSE:LEA) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 71,800 shares of the auto parts company’s stock after selling 1,600 shares during the quarter. Skba Capital Management LLC’s holdings in Lear were worth $6,799,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted its holdings in 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 purchasing an additional 187 shares in the last quarter. Addison Advisors LLC raised its position in shares of Lear by 68.2% during the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock valued at $32,000 after buying an additional 137 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Lear by 233.3% in the fourth quarter. UMB Bank n.a. now owns 410 shares of the auto parts company’s stock worth $39,000 after buying an additional 287 shares in the last quarter. Brooklyn Investment Group grew its stake in 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 acquiring an additional 120 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Lear in the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Analyst Ratings Changes

LEA has been the subject of a number of research analyst reports. Cowen lowered Lear from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Barclays reduced their price objective on Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. UBS Group reduced their price target on shares of Lear from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Finally, Morgan Stanley lowered their price objective on shares of Lear from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Lear currently has an average rating of “Hold” and an average price target of $123.36.

Insider Transactions at Lear

In related news, Director Rod Lache purchased 2,178 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $91.80 per share, with a total value of $199,940.40. Following the completion of the purchase, the director now owns 2,178 shares of the company’s stock, valued at approximately $199,940.40. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.79% of the company’s stock.

Lear Price Performance

Lear stock opened at $87.82 on Monday. The firm has a market capitalization of $4.71 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 0.49 and a beta of 1.44. Lear Co. has a 12-month low of $86.28 and a 12-month high of $145.35. The firm has a 50-day moving average price of $95.39 and a 200-day moving average price of $98.27. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59.

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, beating 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%. As a group, equities research analysts forecast that Lear Co. will post 12.89 EPS for the current year.

Lear Dividend Announcement

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