Lear Corp director Conrad Mallett Jr. sells $199,742 in stock

Lear Corp director Conrad L. Mallett Jr. sold 1,646 shares of the company's common stock for a total of $199,742 on August 6, 2026, according to a recent SEC filing. The shares were sold at a price of $121.35 each, leaving Mallett with 37 shares remaining. The current stock price is $124.95, which is higher than the transaction price, although shares have declined by 8.3% over the past six months.

Despite this recent weakness, InvestingPro analysis suggests that Lear Corp is undervalued, trading at a P/E ratio of 11.69. Investors seeking more detailed information can refer to Lear's comprehensive Pro Research Report, available for this and 1,400+ other US equities. In its second-quarter 2026 financial results, Lear Corp exceeded analysts' expectations, reporting adjusted earnings of $4.28 per share compared to the estimated $3.92 per share.

Revenue for the quarter totaled $6.2 billion, slightly above the forecasted $6.14 billion, marking a 3% increase in sales compared to the same period last year. The company achieved first-half revenue of over $12 billion for the first time. However, despite these positive results, Lear's shares have declined as investors remain concerned about the company's cautious outlook for the second half of the year, particularly concerning challenges in China and limited growth projections for 2027. Market analysts are closely monitoring Lear Corp's performance and future projections.