Bank of New York Mellon Corp decreased its stake in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,698 shares of the auto parts company's stock after selling 10,437 shares during the period. Bank of New York Mellon Corp owned 0.68% of Gentherm worth $5,581,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Gentherm in the 4th quarter valued at approximately $15,400,000. HITE Hedge Asset Management LLC acquired a new stake in shares of Gentherm in the 4th quarter valued at approximately $9,832,000. Trigran Investments Inc. raised its position 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 acquiring an additional 135,458 shares during the period. JPMorgan Chase & Co. raised its position in shares of Gentherm by 136.1% in the 4th quarter. JPMorgan Chase & Co. now owns 160,176 shares of the auto parts company's stock valued at $6,395,000 after acquiring an additional 92,345 shares during the period. Finally, Voloridge Investment Management LLC raised its position in shares of Gentherm by 280.9% in the 4th quarter. Voloridge Investment Management LLC now owns 114,187 shares of the auto parts company's stock valued at $4,559,000 after acquiring an additional 84,207 shares during the period. Institutional investors and hedge funds own 97.13% of the company's stock.
Gentherm Stock Up 0.6%
Shares of NASDAQ THRM traded up $0.21 during midday trading on Monday, reaching $34.61. The company's stock had a trading volume of 374,688 shares, compared to its average volume of 282,928. The company has a current ratio of 2.01, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. Gentherm Inc has a fifty-two week low of $22.75 and a fifty-two week high of $56.68. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 33.93 and a beta of 1.42. The stock has a 50 day simple moving average of $29.01 and a 200-day simple moving average of $30.33.
Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The business had revenue of $375.09 million during the quarter, compared to analyst estimates of $358.09 million. During the same quarter last year, the business earned $0.66 earnings per share. Gentherm's revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts predict that Gentherm Inc will post 3.1 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Robert W. Baird increased their target price on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, July 11th. Wall Street Zen raised Gentherm from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. increased their target price on Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $46.00.
Read Our Latest Research Report on THRM
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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