Bank of America Corp DE Buys 25,432 Shares of Gentherm Incorporated (NASDAQ:THRM)

Bank of America Corp DE boosted its stake in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 22.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 140,869 shares of the auto parts company's stock after buying an additional 25,432 shares during the period. Bank of America Corp DE owned approximately 0.45% of Gentherm worth $5,624,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its holdings in Gentherm by 234.8% during the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company's stock worth $2,861,000 after buying an additional 43,108 shares during the period. Global Alpha Capital Management Ltd. raised 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 buying an additional 150,310 shares during the period. Amundi raised its holdings in shares of Gentherm by 185.5% in the fourth 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. Invesco Ltd. raised its holdings in shares of Gentherm by 16.8% in the fourth 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 last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Gentherm by 20.9% in the fourth quarter. Bank of Montreal Can now owns 6,167 shares of the auto parts company's stock valued at $246,000 after purchasing an additional 1,067 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Stock Down 1.6%

Shares of NASDAQ:THRM traded down $0.46 during midday trading on Friday, hitting $27.45. The stock had a trading volume of 319,729 shares, compared to its average volume of 258,747. Gentherm Incorporated has a 12 month low of $22.75 and a 12 month 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 business's 50-day simple moving average is $26.14 and its 200-day simple moving average is $33.63. The company has a market cap of $847.11 million, a P/E ratio of 13.26 and a beta of 1.44.

Gentherm (NASDAQ:THRM - Get Free Report) last released 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 net margin of 4.46% and a return on equity of 11.43%. The business had revenue of $353.85 million during the quarter, compared to analysts' expectations of $347.39 million. During the same period last year, the business earned $0.62 earnings per share. The firm's revenue was down .6% on a year-over-year basis. On average, sell-side analysts forecast that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Insider Activity at Gentherm

In related news, CEO William T. Presley acquired 3,000 shares of Gentherm stock in a transaction on Friday, April 25th. The stock was 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 $3,974,411.01. This trade represents a 1.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on THRM. Wall Street Zen downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. Robert W. Baird lifted their price objective 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.