Vanguard Discloses 8.9% Stake in Lear Corp as of Dec 29, 2023

TL;DR

**Vanguard still owns a big chunk of Lear Corp, showing continued confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership of Lear Corp (NYSE: LEA) common stock as of December 29, 2023. This filing indicates that Vanguard holds 5,142,416 shares, representing 8.9% of Lear Corp's outstanding common stock. This matters to investors because Vanguard is a significant institutional holder, and changes in its stake can signal its long-term confidence in Lear Corp's future performance, potentially influencing other investors.

Why It Matters

Vanguard's substantial 8.9% ownership in Lear Corp signals a significant institutional endorsement, which can provide a degree of stability and confidence for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing is routine disclosure of a passive investment by a large institutional investor and does not indicate any immediate risk.

Analyst Insight

Investors should note Vanguard's continued significant, passive stake in Lear Corp as a sign of long-term institutional confidence, but this filing alone doesn't suggest immediate buying or selling action.

Key Numbers

• 5,142,416 — Shares Owned (The total number of Lear Corp common shares beneficially owned by The Vanguard Group.)
• 8.9% — Ownership Percentage (The percentage of Lear Corp's common stock owned by The Vanguard Group, indicating a significant stake.)
• December 29, 2023 — Reporting Date (The specific date as of which Vanguard's ownership stake is being reported.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Lear Corp (company) — subject company, motor vehicle parts & accessories manufacturer
• 5,142,416 (dollar_amount) — number of shares of common stock beneficially owned by Vanguard
• 8.9% (dollar_amount) — percentage of Lear Corp's class of common stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in Lear Corp. (The Vanguard Group) — high confidence, target: December 29, 2024
• Lear Corp's stock price will not be significantly impacted by this routine filing. (Lear Corp) — high confidence, target: March 13, 2024

FAQ

Filing Documents

• tv01323-learcorp.htm (SC 13G/A) — 11KB
• 0001104659-24-021329.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Lear Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 21557 Telegraph Road Southfield, MI 48033

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 521865204

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR