The investment management company Grimes & Company Inc., situated in the United States, has considerably expanded its stake in Lear Co. (NYSE: LEA), a major global supplier of automotive seating and electrical systems.
According to Grimes & Company’s latest 13F filing with the U.S. Securities and Exchange Commission, the fund purchased an additional 32,019 shares of Lear in the first quarter a 68.3% rise in its total stake.
Following the acquisition, Grimes & Company now holds 78,917 shares, representing approximately 0.15% of Lear’s outstanding shares, valued at $6.96 million as of the filing date.
Lear’s institutional ownership stands high, with 97.04% of shares held by institutions . The uptick in Grimes’ investment underscores its confidence in Lear amid a broader climate of activity among peer investors. Notable moves include:
- Addison Advisors LLC raised its stake by 68.2%, now holding 338 shares (~$32k).
- With a 51.1% increase, Quadrant Capital Group LLC now owns 491 shares (about $46,000).
- Putney Financial Group, Fifth Third Bancorp, and EverSource Wealth Advisors also expanded their positions modestly.
- Shares: Traded lower by $1.90, closing around $90.68 on the day.
- Trading volume: Roughly 748,094 shares, slightly above the 50-day average of 721,785.
- Moving averages: $87.52 is the 50-day average and $92.01 is the 200-day average.
- Financial ratios:
- Current ratio: 1.32
- Quick ratio: 1.02
- Debt-to-equity: 0.59
- Valuation metrics:
- Market cap: $4.85 billion
- P/E ratio: 10.14
- PEG ratio: 0.49
- Beta: 1.29.
Approximately 0.91% of Lear’s float is held by insiders.
Grimes & Company’s substantial increase in Lear holdings suggests strategic confidence in the auto parts supplier’s growth prospects. With a P/E of just 10.14 and strong liquidity ratios, Lear appears reasonably valued potentially attractive amid broader market volatility. The elevated institutional ownership underscores robust investor interest in the company.
Grimes & Company Inc. increased its stake in Lear Corporation by 68.3% in Q1 2025, now holding nearly $7 million in shares. This move reflects strong confidence in Lear’s valuation, financial stability, and growth outlook. With solid fundamentals and high institutional backing, Lear may attract further investor interest if market conditions remain favorable.
