Y Intercept Hong Kong Ltd purchased a new stake in shares of Gentherm Inc (NASDAQ:THRM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,317 shares of the auto parts company's stock, valued at approximately $918,000. Y Intercept Hong Kong Ltd owned about 0.11% of Gentherm at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of Gentherm by 2.0% in the 4th quarter. American Century Companies Inc. now owns 273,425 shares of the auto parts company's stock valued at $10,916,000 after purchasing an additional 5,307 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Gentherm in the fourth quarter worth approximately $407,000. LPL Financial LLC increased its holdings in Gentherm by 10.6% during the 4th quarter. LPL Financial LLC now owns 52,112 shares of the auto parts company's stock worth $2,088,000 after purchasing an additional 4,993 shares during the period. Vanguard Group Inc. increased its holdings in Gentherm by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company's stock worth $146,427,000 after purchasing an additional 74,758 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Gentherm by 136.1% during the 4th quarter. JPMorgan Chase & Co. now owns 160,176 shares of the auto parts company's stock worth $6,395,000 after purchasing an additional 92,345 shares during the period. 97.13% of the stock is owned by institutional investors.
Gentherm Stock Up 4.7%
THRM stock opened at $34.40 on Friday. The stock has a market capitalization of $1.06 billion, a PE ratio of 33.73 and a beta of 1.42. Gentherm Inc has a 52 week low of $22.75 and a 52 week high of $56.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $28.88 and a 200 day moving average of $30.49.
Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). Gentherm had a return on equity of 9.90% and a net margin of 2.18%. The company had revenue of $375.09 million for the quarter, compared to analyst estimates of $358.09 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The company's quarterly revenue was down .2% on a year-over-year basis. Sell-side analysts forecast that Gentherm Inc will post 3.1 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on THRM shares. Wall Street Zen upgraded Gentherm from a "hold" rating to a "buy" rating in a report on Saturday. Robert W. Baird increased their price objective on Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Finally, Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Gentherm has an average rating of "Buy" and a consensus target price of $50.33.
Read Our Latest Stock Report on Gentherm
Gentherm Company Profile
(
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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