Connors Investor Services Inc. Has $2.06 Million Stake in Gentherm Incorporated (NASDAQ:THRM)

Connors Investor Services Inc. lifted its stake in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 60.1% in 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 quarter. Connors Investor Services Inc. owned about 0.17% of Gentherm worth $2,057,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in THRM. Barclays PLC grew its holdings in Gentherm by 234.8% in the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company's stock valued at $2,861,000 after buying an additional 43,108 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Gentherm by 46.0% in the third quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company's stock worth $3,158,000 after acquiring an additional 21,376 shares during the last quarter. Global Alpha Capital Management Ltd. increased its position in Gentherm by 23.8% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company's stock worth $31,261,000 after acquiring an additional 150,310 shares during the period. Amundi raised its stake in Gentherm by 185.5% during the 4th quarter. Amundi now owns 15,143 shares of the auto parts company's stock valued at $595,000 after purchasing an additional 9,839 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Gentherm by 16.8% in the 4th quarter. Invesco Ltd. now owns 238,975 shares of the auto parts company's stock valued at $9,541,000 after purchasing an additional 34,353 shares during the period. Institutional investors and hedge funds own 97.13% of the company's stock.

Gentherm Price Performance

THRM stock traded up $0.40 during trading on Monday, hitting $26.93. The company had a trading volume of 56,041 shares, compared to its average volume of 354,548. The company has a fifty day moving average price of $27.80 and a two-hundred day moving average price of $35.76. Gentherm Incorporated has a fifty-two week low of $22.75 and a fifty-two week high of $56.68. The company has a market cap of $830.94 million, a P/E ratio of 13.02 and a beta of 1.46. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The business had revenue of $353.85 million for the quarter, compared to analyst estimates of $347.39 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The firm's quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO William T. Presley acquired 3,000 shares of Gentherm stock in a transaction on Friday, April 25th. The shares were purchased at an average price of $24.67 per share, with a total value of $74,010.00. Following the acquisition, the chief executive officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on THRM. JPMorgan Chase & Co. decreased their target price on Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. StockNews.com cut Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, Robert W. Baird boosted their price target on shares of Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, April 25th.

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.