Squarepoint Ops LLC Increases Position in Gentherm Incorporated (NASDAQ:THRM)

Squarepoint Ops LLC raised its position in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 105.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,647 shares of the auto parts company's stock after buying an additional 21,888 shares during the period. Squarepoint Ops LLC owned about 0.14% of Gentherm worth $1,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in shares of Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock valued at $26,000 after purchasing an additional 463 shares during the period. Quarry LP raised its stake 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 during the period. KBC Group NV raised its stake in Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after purchasing an additional 822 shares during the period. Headlands Technologies LLC raised its stake in Gentherm by 117.1% during the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock worth $73,000 after purchasing an additional 991 shares during the period. Finally, Palouse Capital Management Inc. raised its stake in shares of Gentherm by 91.6% in the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock valued at $143,000 after acquiring an additional 1,714 shares during the period. Hedge funds and other institutional investors own 97.13% of the company's stock.

Insider Activity at Gentherm

In other news, CEO William T. Presley bought 3,000 shares of Gentherm stock in a transaction dated Friday, April 25th. The stock was bought at an average price of $24.67 per share, for a total transaction of $74,010.00. Following the purchase, the chief executive officer now 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on THRM. Wall Street Zen downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th. Robert W. Baird boosted their price target on shares of Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Friday, April 25th.

Gentherm Stock Up 4.4%

Shares of Gentherm stock traded up $1.15 during trading hours on Tuesday, hitting $27.11. The company had a trading volume of 222,876 shares, compared to its average volume of 259,268. The company's 50-day moving average is $25.99 and its two-hundred day moving average is $33.47. Gentherm Incorporated has a twelve month low of $22.75 and a twelve month high of $56.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The company has a market cap of $836.61 million, a P/E ratio of 13.10 and a beta of 1.44.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS 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 firm had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. During the same quarter in the prior year, the firm earned $0.62 EPS. Gentherm's revenue for the quarter was down .6% on a year-over-year basis. Analysts anticipate that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

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.