Pzena Investment Management Reduces $103M in Lear Corporation ($LEA)
Key Points
- Pzena Investment Management changed its Lear Corporation ($LEA) stake by 9.49% last quarter, cutting to 6,758,505 shares worth $982.69 million.
- Wall Street's consensus rating on $LEA is Buy and an average price target of $150.50.
- $LEA last traded around $145.40.
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Pzena Investment Management trimmed its position in Lear Corporation ($LEA) by 9.49% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,758,505 shares of Lear Corporation after selling 708,849 shares during the quarter. Pzena Investment Management's holdings in Lear Corporation were worth $982.69 million as of its most recent filing.
Lear Corporation Stock Up 17.2%
Shares of Lear Corporation ($LEA) traded around $145.40 on Saturday, up 17.2% for the day.
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About Lear Corporation
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, keyseat components, seat trim covers, seat mechanisms, thermal comfort systems such as seat heating, ventilation, active cooling, pneumatic lumbar and massage products, seat cushioning, and headrests, as well as surface materials, such as leather and fabric for light trucks, compact cars, pick-up trucks, and sport utility vehicles. The company's E-Systems segment provides electrical distribution and connection systems that route electrical signals and networks; and manage electrical power within the vehicle for various powertrains. This segment's products comprise wire harnesses, terminals and connectors, engineered components, and junction boxes; electronic system products, including body domain control modules, and high voltage switching and power control systems. It also offers software and connected services. In addition, this segment provides cybersecurity software. It offers its products and services under the GUILFORD, EAGLE OTTAWA, THAGORA, IGB AUTOMOTIVE, COMFORTFLEX BY LEARTM, LEAR, CONFIGURE+, FLEXAIR , INTU, RENEWKNIT, SOYFOAM, ProTec, and TeXstyle brands. The company was founded in 1917 and is headquartered in Southfield, Michigan.
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