Amalgamated Bank Has $2.45 Million Stake in Lear Co. (NYSE:LEA)

Amalgamated Bank lessened its holdings in shares of Lear Co. (NYSE:LEA) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,917 shares of the auto parts company’s stock after selling 958 shares during the period. Amalgamated Bank’s holdings in Lear were worth $2,454,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in shares of Lear by 187.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock valued at $27,000 after buying an additional 187 shares during the last quarter. Addison Advisors LLC raised its holdings in Lear by 68.2% in the 4th quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 137 shares in the last quarter. Brooklyn Investment Group bought a new stake in Lear during the 3rd quarter valued at approximately $34,000. Blue Trust Inc. raised its holdings in Lear by 240.4% in the third quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 214 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Lear by 233.3% during the 4th quarter. UMB Bank n.a. now owns 410 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 287 shares during the period. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LEA has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on shares of Lear from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Evercore ISI reduced their price target on shares of Lear from $125.00 to $110.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company lifted their target price on Lear from $99.00 to $103.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. UBS Group lowered their target price on shares of Lear from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Finally, StockNews.com raised shares of Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $127.00.

Lear Stock Down 2.5 %

NYSE LEA opened at $93.97 on Friday. Lear Co. has a 52 week low of $86.28 and a 52 week high of $147.11. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 0.49 and a beta of 1.42. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average of $95.10 and a two-hundred day moving average of $100.98.

Lear (NYSE:LEA) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.44. Lear had a net margin of 2.17% and a return on equity of 14.70%. On average, analysts predict that Lear Co. will post 12.89 earnings per share for the current year.

Lear Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 6th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, March 6th. Lear’s payout ratio is presently 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.