Gentherm Inc (NASDAQ:THRM) Shares Purchased by Global Alpha Capital Management Ltd.

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. increased its stake in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 898,083 shares of the auto parts company's stock after acquiring an additional 115,100 shares during the period. Gentherm comprises 1.7% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 27th largest position. Global Alpha Capital Management Ltd. owned approximately 2.91% of Gentherm worth $24,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in Gentherm during the first quarter worth approximately $26,000. Versant Capital Management Inc purchased a new position in Gentherm during the first quarter worth approximately $28,000. GAMMA Investing LLC boosted its position in Gentherm by 332.4% during the first quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock worth $56,000 after purchasing an additional 1,619 shares in the last quarter. Quarry LP boosted its position in Gentherm by 226.8% during the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock worth $70,000 after purchasing an additional 1,218 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Gentherm by 20.2% in the first quarter. US Bancorp DE now owns 3,364 shares of the auto parts company's stock valued at $90,000 after acquiring an additional 565 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.

Wall Street Analysts Forecast Growth

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

Gentherm Stock Performance

Shares of Gentherm stock opened at $32.74 on Friday. Gentherm Inc has a one year low of $22.75 and a one year high of $52.06. The company has a market cap of $999.22 million, a price-to-earnings ratio of 32.10 and a beta of 1.45. 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 business's 50 day moving average price is $29.99 and its 200 day moving average price is $30.04.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). Gentherm had a return on equity of 9.90% and a net margin of 2.18%. The company had revenue of $375.09 million for the quarter, compared to analysts' expectations of $358.09 million. During the same quarter in the previous year, the business posted $0.66 EPS. The business's quarterly revenue was down .2% compared to the same quarter last year. On average, research analysts predict that Gentherm Inc will post 3.1 EPS for the current year.

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.

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