Published on 6 Mar 2024 on GuruFocus.com via Yahoo Finance
Insider Sell: Sr. VP & CFO Jason Cardew Sells Shares of Lear Corp (LEA)
Lear Corporation (NYSE:LEA), a global automotive technology leader in Seating and E-Systems, recently witnessed a transaction from a key insider. Jason Cardew, the Senior Vice President & Chief Financial Officer of Lear Corp, sold 2,750 shares of the company on March 5, 2024, as reported in the SEC Filing.This transaction has been one of several insider sales over the past year, with Jason Cardew having sold a total of 5,500 shares and not having purchased any shares during this period.
The insider transaction history for Lear Corp indicates a trend of more insider selling than buying over the past year. There has been only 1 insider buy, contrasted with 10 insider sells in the same timeframe.On the valuation front, Lear Corp shares were trading at $140.81 on the day of the insider's recent sale, giving the company a market cap of $7.980 billion. The price-earnings ratio stands at 14.45, which is below the industry median of 16.59, and above the company's historical median price-earnings ratio.