Lear Corp President and CEO Raymond Scott Sells 2,977 Shares
Raymond Scott, President and CEO of Lear Corp (NYSE:LEA), executed a sale of 2,977 shares in the company on January 8, 2024, according to a recent SEC Filing.
Lear Corporation is a global automotive technology leader in Seating and E-Systems, serving every major automaker in the world. Lear's products are designed, engineered and manufactured by a diverse team of approximately 169,000 employees located in 39 countries. Lear's headquarters are in Southfield, Michigan.
Over the past year, the insider has sold a total of 30,977 shares and has not made any purchases. The recent transaction on January 8, 2024, is part of this selling trend.
The insider transaction history for Lear Corp indicates a pattern of sales by insiders, with 9 insider sells and 0 insider buys over the past year.
On the day of the insider's recent sale, shares of Lear Corp were trading at $135.26, giving the company a market cap of $7.817 billion.
The price-earnings ratio of Lear Corp stands at 14.17, which is below the industry median of 17.425. However, it is higher than the company's historical median price-earnings ratio.
With the current share price of $135.26 and a GuruFocus Value of $171.27, Lear Corp has a price-to-GF-Value ratio of 0.79, indicating that the stock is considered Modestly Undervalued according to its GF Value.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
