Lear (LEA) put its capital return plans back in focus on September 24, raising its share repurchase authorization to US$1.5b and extending the buyback program through the end of 2029. The buyback decision comes after a mixed stretch for Lear’s equity. The 1-day share price return of 3.77% and 7-day gain of 1.72% contrast with a 90-day share price decline of 10.33%, while the 1-year total shareholder return of 24.02% shows that longer term performance has been stronger than the recent...

Is Lear (LEA) Undervalued After Extending Its $1.5b Buyback Through 2029?

Investing.com -- Lear Corporation (NYSE:LEA) shares edged 1.3% higher in after-hours trading Thursday following the company's announcement of an increased share repurchase authorization.

Lear stock edges up after boosting buyback to $1.5 billion

Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has approved an increase to the Company's share repurchase authorization to $1.5 billion and extended the authorization period until December 31, 2029.

Lear Increases Share Repurchase Authorization to $1.5 Billion and Extends Authorization

Insider reported a trade at LEAR CORP

LEAR CORP discloses other material information

Markets are rattled ahead of Wednesday's Fed decision, and Wall Street analysts are making bold moves on names like Eli Lilly, Etsy, Northrop Grumman, and Rivian. Find out which stocks got upgraded, downgraded, or newly covered before the opening bell.

Here Are Tuesday’s Top Wall Street Analyst Research Calls: Autodesk, Eli Lilly, Etsy, Lear, Netskope, Nokia, Northrop Grumman, Rapid7, Rivian Automotive, Ulta Beauty, and More

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.

Lear Corporation News