Bouvel Investment Partners LLC purchased a new position in Gentherm Inc (NASDAQ:THRM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 27,620 shares of the auto parts company's stock, valued at approximately $739,000. Bouvel Investment Partners LLC owned approximately 0.09% of Gentherm as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Gentherm during the fourth quarter worth about $15,400,000. HITE Hedge Asset Management LLC bought a new position in Gentherm during the 4th quarter worth approximately $9,832,000. Segall Bryant & Hamill LLC grew its position 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 worth $20,962,000 after acquiring an additional 157,544 shares in the last quarter. Global Alpha Capital Management Ltd. increased its holdings 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 acquiring an additional 150,310 shares during the last quarter. Finally, Trigran Investments Inc. raised its position in shares of Gentherm by 7.3% during 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 in the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. Wall Street Zen lowered shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. Robert W. Baird upped their price objective on shares of Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Friday, April 25th.
Read Our Latest Analysis on Gentherm
Gentherm Price Performance
NASDAQ:THRM traded down $0.03 during trading hours on Wednesday, reaching $27.44. 313,845 shares of the company's stock were exchanged, compared to its average volume of 260,164. The company has a market capitalization of $846.80 million, a P/E ratio of 17.15 and a beta of 1.42. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $56.68. The business's 50-day simple moving average is $26.42 and its two-hundred day simple moving average is $32.45. The company has a quick ratio of 1.49, a current ratio of 2.16 and a debt-to-equity ratio of 0.41.
Gentherm (NASDAQ:THRM - Get Free Report) last announced its earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $353.85 million during the quarter, compared to analysts' expectations of $347.39 million. Gentherm had a net margin of 3.44% and a return on equity of 10.81%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company posted $0.62 earnings per share. Sell-side analysts expect that Gentherm Inc will post 3.1 EPS for the current fiscal year.
Insider Buying and Selling at Gentherm
In other Gentherm news, CEO William T. Presley bought 3,000 shares of the firm's stock in a transaction on Friday, April 25th. The stock was bought 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 of the company's stock, valued at approximately $3,974,411.01. The trade was a 1.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.40% of the company's stock.
About Gentherm
(
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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