Gentherm Incorporated (NASDAQ:THRM) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,483 shares of the auto parts company's stock after buying an additional 10,192 shares during the quarter. Deutsche Bank AG owned about 0.18% of Gentherm worth $2,176,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. raised its holdings in shares of Gentherm by 72.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 194,584 shares of the auto parts company's stock worth $7,769,000 after acquiring an additional 81,780 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Gentherm in the 4th quarter valued at about $1,877,000. Brevan Howard Capital Management LP purchased a new stake in shares of Gentherm in the 4th quarter valued at approximately $205,000. Captrust Financial Advisors grew its stake in shares of Gentherm by 28.3% in the 4th quarter. Captrust Financial Advisors now owns 10,647 shares of the auto parts company's stock valued at $425,000 after buying an additional 2,351 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Gentherm by 22.0% during the 4th quarter. Bank of America Corp DE now owns 140,869 shares of the auto parts company's stock worth $5,624,000 after buying an additional 25,432 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Gentherm Stock Up 1.0%

Gentherm stock opened at $27.26 on Friday. The company has a market capitalization of $841.24 million, a PE ratio of 13.17 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. Gentherm Incorporated has a fifty-two week low of $22.75 and a fifty-two week high of $56.68. The firm has a 50 day moving average price of $26.52 and a 200 day moving average price of $34.46.

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, topping the consensus estimate of $0.48 by $0.03. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business had revenue of $353.85 million during the quarter, compared to analyst estimates of $347.39 million. During the same period last year, the business posted $0.62 earnings per share. The company's quarterly revenue was down .6% on a year-over-year basis. Research analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current year.

Insider Activity at Gentherm

In other Gentherm news, CEO William T. Presley purchased 3,000 shares of the business's stock in a transaction on Friday, April 25th. The shares were bought at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the completion of the purchase, the chief executive officer now directly owns 161,103 shares of the company's stock, valued at approximately $3,974,411.01. This trade represents a 1.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen cut Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. Robert W. Baird raised their price objective on Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their price objective 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.

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.

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