Semanteon Capital Management LP Increases Stake in Lear Co. (NYSE:LEA)

Semanteon Capital Management LP lifted its position in shares of Lear Co. (NYSE:LEA - Free Report) by 49.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,657 shares of the auto parts company's stock after buying an additional 5,180 shares during the quarter. Lear makes up 0.8% of Semanteon Capital Management LP's investment portfolio, making the stock its 7th largest position. Semanteon Capital Management LP's holdings in Lear were worth $1,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC lifted its stake in shares of Lear by 187.0% during 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 during the period. Addison Advisors LLC lifted its position in Lear by 68.2% during the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company's stock worth $32,000 after buying an additional 137 shares during the period. Brooklyn Investment Group acquired a new stake in Lear in the 3rd quarter worth about $34,000. UMB Bank n.a. grew its holdings in Lear by 233.3% in the 4th quarter. UMB Bank n.a. now owns 410 shares of the auto parts company's stock valued at $39,000 after buying an additional 287 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Lear during the 3rd quarter worth about $50,000. Hedge funds and other institutional investors own 97.04% of the company's stock.

Insider Buying and Selling at Lear

In related news, Director Rod Lache bought 2,178 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $91.80 per share, for a total transaction of $199,940.40. Following the purchase, the director now owns 2,178 shares in the company, valued at $199,940.40. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.79% of the stock is currently owned by corporate insiders.

Remove Ads

Analyst Upgrades and Downgrades

LEA has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Lear from a "hold" rating to a "buy" rating in a report on Thursday, December 19th. UBS Group dropped their price objective on Lear from $104.00 to $102.00 and set a "neutral" rating for the company in a report on Friday, February 7th. TD Cowen cut Lear from a "buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a report on Friday, March 7th. JPMorgan Chase & Co. dropped their price target on Lear from $147.00 to $143.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Finally, Wells Fargo & Company raised their price objective on Lear from $99.00 to $103.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $123.36.

Lear Stock Down 0.8 %

NYSE:LEA traded down $0.76 during trading hours on Tuesday, hitting $95.84. The stock had a trading volume of 621,242 shares, compared to its average volume of 698,240. The business has a 50 day simple moving average of $95.50 and a two-hundred day simple moving average of $98.69. Lear Co. has a 1-year low of $86.28 and a 1-year high of $147.11. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The company has a market cap of $5.14 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.49 and a beta of 1.44.

Lear (NYSE:LEA - Get Free Report) last released its quarterly earnings results 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%. Analysts predict that Lear Co. will post 12.89 EPS for the current year.

Lear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.08 annualized dividend and a yield of 3.21%. Lear's dividend 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.