Connors Investor Services Inc. Buys 19,334 Shares of Gentherm Incorporated (NASDAQ:THRM)

Connors Investor Services Inc. increased its holdings in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 60.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,513 shares of the auto parts company's stock after acquiring an additional 19,334 shares during the period. Connors Investor Services Inc. owned about 0.17% of Gentherm worth $2,057,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Comerica Bank raised its stake in Gentherm by 1.4% during the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock worth $839,000 after acquiring an additional 300 shares in the last quarter. Northern Trust Corp lifted its holdings in Gentherm by 16.2% during the 4th quarter. Northern Trust Corp now owns 385,556 shares of the auto parts company's stock valued at $15,393,000 after purchasing an additional 53,688 shares during the last quarter. Quarry LP lifted its holdings in Gentherm by 226.8% during the 4th quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock valued at $70,000 after purchasing an additional 1,218 shares during the last quarter. Nebula Research & Development LLC acquired a new position in Gentherm in the fourth quarter valued at about $302,000. Finally, Hsbc Holdings PLC grew its stake in Gentherm by 41.9% during the fourth quarter. Hsbc Holdings PLC now owns 8,985 shares of the auto parts company's stock worth $357,000 after buying an additional 2,654 shares during the last quarter. Institutional investors own 97.13% of the company's stock.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO William T. Presley purchased 3,000 shares of the stock in a transaction dated Friday, April 25th. The stock was bought at an average price of $24.67 per share, for a total transaction of $74,010.00. Following the transaction, the chief executive officer now directly owns 161,103 shares in the company, valued at $3,974,411.01. This represents a 1.90 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on THRM shares. Robert W. Baird boosted their target price on Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. StockNews.com lowered Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their target price on Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a research note on Monday, January 27th.

Gentherm Price Performance

Shares of Gentherm stock traded up $0.13 during midday trading on Friday, reaching $26.53. The company had a trading volume of 387,429 shares, compared to its average volume of 250,083. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $27.80 and a 200 day simple moving average of $35.84. Gentherm Incorporated has a 1-year low of $22.75 and a 1-year high of $56.68. The company has a market capitalization of $818.72 million, a price-to-earnings ratio of 12.82 and a beta of 1.46.

Gentherm (NASDAQ:THRM - Get Free Report) last released its earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $353.85 million during the quarter, compared to analysts' expectations of $347.39 million. During the same period last year, the firm earned $0.62 EPS. The business's revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts forecast that Gentherm Incorporated will post 3.1 earnings per share for the current year.

Gentherm Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.