Dimensional Fund Advisors LP Raises Position in Gentherm Incorporated (NASDAQ:THRM)

Dimensional Fund Advisors LP raised its holdings in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,217,681 shares of the auto parts company's stock after acquiring an additional 62,562 shares during the quarter. Dimensional Fund Advisors LP owned 3.93% of Gentherm worth $48,616,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in Gentherm by 233.8% during the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock valued at $26,000 after acquiring an additional 463 shares in the last quarter. KBC Group NV increased its stake in shares of Gentherm by 82.2% during the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after purchasing an additional 822 shares in the last quarter. Headlands Technologies LLC lifted its stake in Gentherm by 117.1% in the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock valued at $73,000 after buying an additional 991 shares in the last quarter. Palouse Capital Management Inc. grew its holdings in Gentherm by 91.6% during the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock valued at $143,000 after buying an additional 1,714 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC increased its position in Gentherm by 37.8% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company's stock worth $185,000 after buying an additional 1,270 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Trading Up 0.6 %

Shares of THRM traded up $0.16 during mid-day trading on Thursday, reaching $26.03. The company had a trading volume of 28,732 shares, compared to its average volume of 250,992. Gentherm Incorporated has a fifty-two week low of $22.75 and a fifty-two week high of $56.68. The firm has a fifty day simple moving average of $27.36 and a 200-day simple moving average of $35.52. The stock has a market cap of $803.29 million, a price-to-earnings ratio of 12.57 and a beta of 1.44. 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 quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The firm had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 earnings per share. On average, sell-side analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Gentherm news, CEO William T. Presley purchased 3,000 shares of Gentherm stock in a transaction on Friday, April 25th. The shares were purchased at an average cost of $24.67 per share, with a total value of $74,010.00. Following the completion of the transaction, the chief executive officer now directly owns 161,103 shares in the company, valued at approximately $3,974,411.01. This represents a 1.90 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% of the company's stock.

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.