Bouvel Investment Partners LLC Invests $739,000 in Gentherm Incorporated (NASDAQ:THRM)

Bouvel Investment Partners LLC purchased a new position in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 27,620 shares of the auto parts company's stock, valued at approximately $739,000. Bouvel Investment Partners LLC owned about 0.09% of Gentherm at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Gentherm by 233.8% during the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after acquiring an additional 463 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Gentherm during the 1st quarter worth $28,000. Quarry LP boosted its stake in shares of Gentherm by 226.8% during the 4th quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock worth $70,000 after acquiring an additional 1,218 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of Gentherm by 117.1% during the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock valued at $73,000 after buying an additional 991 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Gentherm by 332.4% during the 1st quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock valued at $56,000 after buying an additional 1,619 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.

Insider Buying and Selling at Gentherm

In related news, CEO William T. Presley purchased 3,000 shares of Gentherm stock in a transaction on Friday, April 25th. The shares were bought at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the acquisition, the chief executive officer now owns 161,103 shares in the company, valued at approximately $3,974,411.01. The trade was a 1.90% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by insiders.

Gentherm Stock Down 2.8%

THRM opened at $27.44 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. Gentherm Incorporated has a fifty-two week low of $22.75 and a fifty-two week high of $56.68. The firm's fifty day moving average is $26.29 and its 200 day moving average is $32.72. The stock has a market cap of $846.80 million, a price-to-earnings ratio of 13.26 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The company had revenue of $353.85 million for the quarter, compared to the consensus estimate of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. Gentherm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. On average, sell-side analysts forecast that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th. Robert W. Baird lifted their target price on shares of Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Friday, April 25th.

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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