D. E. Shaw & Co. Inc. raised its holdings in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 72.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 194,584 shares of the auto parts company's stock after purchasing an additional 81,780 shares during the period. D. E. Shaw & Co. Inc. owned 0.63% of Gentherm worth $7,769,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC raised its stake in Gentherm by 234.8% during the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company's stock worth $2,861,000 after purchasing an additional 43,108 shares during the period. JPMorgan Chase & Co. grew its holdings in Gentherm by 46.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company's stock valued at $3,158,000 after purchasing an additional 21,376 shares in the last quarter. Global Alpha Capital Management Ltd. grew its holdings in Gentherm by 23.8% during the 4th 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 in the last quarter. Amundi grew its holdings in Gentherm by 185.5% during the 4th quarter. Amundi now owns 15,143 shares of the auto parts company's stock worth $595,000 after acquiring an additional 9,839 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of 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 buying an additional 34,353 shares during the period. Hedge funds and other institutional investors own 97.13% of the company's stock.
Gentherm Trading Down 1.6%
NASDAQ THRM traded down $0.45 during trading on Monday, reaching $27.68. 135,420 shares of the stock traded hands, compared to its average volume of 256,147. The firm has a market cap of $854.20 million, a price-to-earnings ratio of 13.37 and a beta of 1.44. Gentherm Incorporated has a fifty-two week low of $22.75 and a fifty-two week high of $56.68. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The stock's 50-day moving average price is $26.77 and its 200 day moving average price is $34.84.
Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $353.85 million for the quarter, compared to analyst estimates of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 earnings per share. Analysts predict that Gentherm Incorporated will post 3.1 EPS for the current year.
Wall Street Analysts Forecast Growth
THRM has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. Robert W. Baird raised their target price on shares of Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th.
Get Our Latest Stock Report on Gentherm
Insiders Place Their Bets
In other news, CEO William T. Presley purchased 3,000 shares of the stock in a transaction on Friday, April 25th. The stock was purchased at an average price of $24.67 per share, for a total transaction 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 trade 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 the SEC website. Corporate insiders own 1.40% of the company's stock.
About Gentherm
(
Free Report)
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.
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