Global Alpha Capital Management Ltd. Purchases 115,100 Shares of Gentherm Inc (NASDAQ:THRM)

Key Points

• Global Alpha Capital Management Ltd. increased its stake in Gentherm Inc by 14.7% during the first quarter, owning approximately 2.91% of the company, which is valued at $24 million.
• Wall Street analysts have raised Gentherm's target price, with Robert W. Baird setting it at $35.00 and giving an "outperform" rating, reflecting positive sentiment towards the stock.
• Gentherm reported a quarterly revenue of $375.09 million, exceeding expectations, despite a slight decline in earnings per share (EPS) compared to the previous year.

Global Alpha Capital Management Ltd. boosted its stake in Gentherm Inc (NASDAQ:THRM - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 898,083 shares of the auto parts company's stock after acquiring an additional 115,100 shares during the period. Gentherm accounts for about 1.7% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 27th biggest position. Global Alpha Capital Management Ltd. owned about 2.91% of Gentherm worth $24,015,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trigran Investments Inc. increased its holdings 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 worth $79,488,000 after buying an additional 135,458 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Gentherm by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company's stock worth $48,616,000 after buying an additional 62,562 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in shares of Gentherm by 4.3% in the first quarter. GW&K Investment Management LLC now owns 902,263 shares of the auto parts company's stock worth $24,126,000 after buying an additional 37,552 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Gentherm by 8.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 529,708 shares of the auto parts company's stock valued at $14,164,000 after buying an additional 43,143 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Gentherm during the fourth quarter valued at $15,400,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Trading Up 5.3%

NASDAQ:THRM traded up $1.81 on Wednesday, reaching $35.91. The company's stock had a trading volume of 171,983 shares, compared to its average volume of 317,941. Gentherm Inc has a 1-year low of $22.75 and a 1-year high of $52.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 2.01. The firm has a market cap of $1.10 billion, a PE ratio of 35.18 and a beta of 1.45. The business's 50-day moving average price is $30.26 and its two-hundred day moving average price is $29.88.

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 for the quarter, missing the consensus estimate of $0.59 by ($0.05). The firm had revenue of $375.09 million for the quarter, compared to analyst estimates of $358.09 million. Gentherm had a return on equity of 9.90% and a net margin of 2.18%. The firm's quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share. Equities research analysts anticipate that Gentherm Inc will post 3.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on THRM shares. JPMorgan Chase & Co. lifted their price objective on shares of Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Wall Street Zen raised shares of Gentherm from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Robert W. Baird raised their price objective on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, July 11th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $46.00.

About Gentherm

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.