BlackRock Amends LEAR CORP Stake, Signals Portfolio Shift

TL;DR

**BlackRock just updated its LEAR CORP stake, watch for market reaction.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating a change in their ownership of LEAR CORP's Common Stock as of December 31, 2023. This filing, Amendment No. 17, updates their previous disclosures regarding their stake in the automotive parts manufacturer. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in LEAR CORP's future performance.

Why It Matters

Changes in large institutional holdings like BlackRock's can influence market sentiment and potentially impact LEAR CORP's stock price, as other investors may follow their lead.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently signal a high-risk event for the company.

Analyst Insight

An investor should monitor subsequent filings from BlackRock or other major institutions to understand the direction of their investment in LEAR CORP, as this filing only indicates an amendment, not the specific change in ownership percentage or share count.

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
• LEAR CORP (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 23, 2024 (date) — the filing date of the SC 13G/A
• Amendment No. 17 (number) — the specific amendment number of the filing

FAQ

From the Filing

0001086364-24-001754.txt : 20240123 0001086364-24-001754.hdr.sgml : 20240123 20240123161402 ACCESSION NUMBER: 0001086364-24-001754 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240123 DATE AS OF CHANGE: 20240123 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LEAR CORP CENTRAL INDEX KEY: 0000842162 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 133386776 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43537 FILM NUMBER: 24552802 BUSINESS ADDRESS: STREET 1: 21557 TELEGRAPH ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48033 BUSINESS PHONE: 2484471500 MAIL ADDRESS: STREET 1: 21557 TELEGRAPH ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48033 FORMER COMPANY: FORMER CONFORMED NAME: LEAR CORP /DE/ DATE OF NAME CHANGE: 19960620 FORMER COMPANY: FORMER CONFORMED NAME: LEAR SEATING CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: LEAR SIEGLER SEATING CORP DATE OF NAME CHANGE: 19900723 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us5218652049_012324.txt us5218652049_012324.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 17) LEAR CORPORATION -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 521865204 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 521865204 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 7098522 (6) Shared voting power 0 (7) Sole dispositive power 7539684 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 7539684 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 12.9% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- LEAR CORPORATION Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 21557 TELE