SRS Capital Advisors Inc. Increases Stock Holdings in Lear Co. (NYSE:LEA)

SRS Capital Advisors Inc. raised its stake in shares of Lear Co. (NYSE:LEA) by 14,322.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,298 shares of the auto parts company’s stock after purchasing an additional 1,289 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Lear were worth $123,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its stake in Lear by 187.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock worth $27,000 after buying an additional 187 shares in the last quarter. Addison Advisors LLC lifted its stake in shares of Lear by 68.2% in the 4th quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 137 shares during the period. Brooklyn Investment Group bought a new stake in shares of Lear during the third quarter valued at approximately $34,000. UMB Bank n.a. grew its stake in 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 purchasing an additional 287 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Lear in the third quarter worth $50,000. 97.04% of the stock is currently owned by institutional investors.

Lear Stock Up 5.2 %

LEA stock opened at $93.96 on Thursday. The business’s 50-day moving average price is $94.90 and its 200-day moving average price is $100.57. The stock has a market cap of $5.04 billion, a P/E ratio of 10.51, a PEG ratio of 0.49 and a beta of 1.44. Lear Co. has a twelve month low of $86.28 and a twelve month high of $147.11. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59.

Lear (NYSE:LEA) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.44. Lear had a net margin of 2.17% and a return on equity of 14.70%. On average, equities research analysts forecast 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. Stockholders of record on Thursday, March 6th will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.08 annualized dividend and a dividend yield of 3.28%. Lear’s payout ratio is 34.45%.

Analysts Set New Price Targets

LEA has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Lear from $99.00 to $103.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. StockNews.com raised shares of Lear from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Morgan Stanley decreased their target price on shares of Lear from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday. Evercore ISI dropped their price target on Lear from $125.00 to $110.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Finally, UBS Group reduced their price objective on Lear from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $126.09.

About Lear

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.