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

Bank of America Corp DE grew its holdings in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 22.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,869 shares of the auto parts company's stock after purchasing an additional 25,432 shares during the quarter. Bank of America Corp DE owned about 0.45% of Gentherm worth $5,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in THRM. Raymond James Financial Inc. acquired a new position in shares of Gentherm in the 4th quarter valued at about $15,400,000. HITE Hedge Asset Management LLC acquired a new position in shares of Gentherm in the 4th quarter valued at about $9,832,000. Segall Bryant & Hamill LLC lifted its stake in shares of Gentherm by 42.9% in the 4th quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company's stock valued at $20,962,000 after purchasing an additional 157,544 shares during the period. Global Alpha Capital Management Ltd. lifted its stake in shares of Gentherm by 23.8% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company's stock valued at $31,261,000 after purchasing an additional 150,310 shares during the period. Finally, Trigran Investments Inc. lifted its stake in shares of Gentherm by 7.3% in the 4th quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company's stock valued at $79,488,000 after purchasing an additional 135,458 shares during the period. 97.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on THRM. Wall Street Zen downgraded Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th. Robert W. Baird boosted their price objective on Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Friday, April 25th.

Insider Buying and Selling

In other Gentherm news, CEO William T. Presley bought 3,000 shares of the firm's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Gentherm Stock Up 0.9%

THRM traded up $0.25 during midday trading on Thursday, reaching $27.91. 182,316 shares of the company were exchanged, compared to its average volume of 258,206. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The company's fifty day moving average price is $26.28 and its 200 day moving average price is $33.99. The company has a market cap of $861.30 million, a price-to-earnings ratio of 13.48 and a beta of 1.44. Gentherm Incorporated has a one year low of $22.75 and a one year high of $56.68.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The firm had revenue of $353.85 million during the quarter, compared to analyst estimates of $347.39 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. As a group, analysts expect that Gentherm Incorporated will post 3.1 EPS 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.