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

Dimensional Fund Advisors LP raised its position in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,217,681 shares of the auto parts company's stock after purchasing an additional 62,562 shares during the period. Dimensional Fund Advisors LP owned 3.93% of Gentherm worth $48,616,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Trust Advisors LP raised its stake in Gentherm by 89.5% in the fourth quarter. First Trust Advisors LP now owns 49,541 shares of the auto parts company's stock valued at $1,978,000 after buying an additional 23,397 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new stake in shares of Gentherm during the 4th quarter worth about $9,832,000. Walleye Capital LLC purchased a new stake in Gentherm during the fourth quarter worth approximately $258,000. Barclays PLC boosted its holdings in Gentherm by 1.4% in the fourth quarter. Barclays PLC now owns 62,346 shares of the auto parts company's stock valued at $2,489,000 after purchasing an additional 880 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Gentherm during the fourth quarter worth approximately $15,400,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Transactions at Gentherm

In other Gentherm news, CEO William T. Presley acquired 3,000 shares of the company's stock in a transaction that occurred 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 completion of the acquisition, the chief executive officer now directly owns 161,103 shares of the company's stock, valued at approximately $3,974,411.01. The trade was a 1.90 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.40% of the company's stock.

Gentherm Stock Performance

NASDAQ THRM opened at $26.53 on Friday. The firm has a market cap of $818.72 million, a P/E ratio of 12.82 and a beta of 1.46. Gentherm Incorporated has a 52-week low of $22.75 and a 52-week high of $56.68. The business's 50-day moving average price is $27.80 and its 200 day moving average price is $35.84. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share 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 for the quarter, compared to the consensus estimate of $347.39 million. During the same period last year, the business posted $0.62 EPS. The company's revenue was down .6% on a year-over-year basis. On average, equities research analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current year.

Gentherm Company 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.

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