Lear (LEA)

• Market cap: $5.15B
• 1 day: 1.71%
• 5 days: -2.19%
• 1 month: 1.30%
• 3 months: -12.26%
• 6 months: -17.27%
• Year to date: -33.15%
• 1 year: -30.98%
• 5 years: -32.98%
• 10 years: -2.34%
• Sector: Consumer Discretionary
• Industry: Motor Vehicle Parts & Accessories

About: Lear designs, develops, and manufactures automotive seating and electrical systems and components. Seating components include frames and mechanisms, covers (leather and woven fabric), seat heating and cooling, foam, and headrests. Automotive electrical distribution and connection systems and electronic systems include wiring harnesses, terminals and connectors, on-board battery chargers, high-voltage battery management systems, high-voltage power distribution systems, domain controllers, telematics control units, gateway modules, vehicle positioning for automated and autonomous driving, embedded control software, cloud and mobile device software and services, and cybersecurity. Lear's largest customer and regional market is GM and North America at 20% and 44% of 2022 revenue, respectively.

Employees: 186,600

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

6% less call options, than puts

Call options by funds: $36.2M | Put options by funds: $38.6M

3% less funds holding

Funds holding: 436 [Q2] → 424 (-12) [Q3]

5.5% less ownership

Funds ownership: 103.72% [Q2] → 98.21% (-5.5%) [Q3]

10% less capital invested

Capital invested by funds: $6.72B [Q2] → $6.04B (-$683M) [Q3]

13% less repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 161

16% less first-time investments, than exits

New positions opened: 65 | Existing positions closed: 77

100% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 0 (-2) [Q3]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $99 4% upside
• Avg. target: $135 42% upside
• High target: $170 79% upside

7 analyst ratings

• positive: 5 71%
• neutral: 2 29%
• negative: 0 0%

Wells Fargo Colin Langan 24% 1-year accuracy 8 / 33 met price target	4% upside $99	Equal-Weight Maintained	16 Dec 2024
Morgan Stanley Adam Jonas 56% 1-year accuracy 33 / 59 met price target	42% upside $135	Overweight Maintained	14 Nov 2024
Barclays Dan Levy 30% 1-year accuracy 12 / 40 met price target	27% upside $120	Equal-Weight Downgraded	30 Oct 2024
TD Cowen Jeffrey Osborne 28% 1-year accuracy 5 / 18 met price target	32% upside $125	Buy Maintained	25 Oct 2024
JP Morgan Ryan Brinkman 29% 1-year accuracy 12 / 41 met price target	69% upside $160	Overweight Maintained	21 Oct 2024