Ameriprise Financial Inc. Acquires 62,483 Shares of Gentherm Incorporated (NASDAQ:THRM)

Ameriprise Financial Inc. grew its stake in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 21.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 350,050 shares of the auto parts company's stock after purchasing an additional 62,483 shares during the period. Ameriprise Financial Inc. owned approximately 1.13% of Gentherm worth $13,976,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Connors Investor Services Inc. lifted its position in Gentherm by 60.1% during the 4th quarter. Connors Investor Services Inc. now owns 51,513 shares of the auto parts company's stock valued at $2,057,000 after acquiring an additional 19,334 shares during the period. Comerica Bank grew its position in Gentherm by 1.4% during the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock valued at $839,000 after buying an additional 300 shares during the period. Northern Trust Corp grew its position in Gentherm by 16.2% during the fourth quarter. Northern Trust Corp now owns 385,556 shares of the auto parts company's stock valued at $15,393,000 after buying an additional 53,688 shares during the period. Quarry LP boosted its position in shares of Gentherm by 226.8% in 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 during the period. Finally, Nebula Research & Development LLC bought a new position in shares of Gentherm in the fourth quarter worth approximately $302,000. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Price Performance

Gentherm stock traded down $0.41 during mid-day trading on Friday, reaching $26.85. 218,438 shares of the company's stock traded hands, compared to its average volume of 257,728. Gentherm Incorporated has a 12-month low of $22.75 and a 12-month high of $56.68. The company has a market cap of $828.59 million, a price-to-earnings ratio of 12.97 and a beta of 1.44. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $26.52 and a two-hundred day moving average of $34.46.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Wall Street Zen downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Robert W. Baird upped their price target 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.

Insider Activity

In related news, CEO William T. Presley purchased 3,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were purchased at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the completion of the acquisition, the chief executive officer now owns 161,103 shares in the company, valued at approximately $3,974,411.01. This trade represents a 1.90% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company's stock.

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.