GW&K Investment Management LLC Buys 37,552 Shares of Gentherm Inc (NASDAQ:THRM)

GW&K Investment Management LLC grew its stake in Gentherm Inc (NASDAQ:THRM - Free Report) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 902,263 shares of the auto parts company's stock after purchasing an additional 37,552 shares during the quarter. GW&K Investment Management LLC owned approximately 2.92% of Gentherm worth $24,126,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of THRM. Signaturefd LLC raised 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. FNY Investment Advisers LLC acquired a new stake in Gentherm in the 1st quarter worth about $26,000. Versant Capital Management Inc acquired a new stake in Gentherm in the 1st quarter worth about $28,000. GAMMA Investing LLC raised its stake in Gentherm by 332.4% in the 1st 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. Finally, Quarry LP raised its stake in Gentherm by 226.8% in the 4th 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. 97.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird raised their price target on shares of Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Baird R W upgraded shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $50.33.

Gentherm Stock Up 1.8%

THRM traded up $0.58 during mid-day trading on Friday, reaching $33.45. 192,005 shares of the stock were exchanged, compared to its average volume of 320,174. The company has a 50 day moving average price of $28.75 and a two-hundred day moving average price of $30.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.49 and a current ratio of 2.16. The stock has a market capitalization of $1.03 billion, a PE ratio of 20.90 and a beta of 1.42. Gentherm Inc has a 1 year low of $22.75 and a 1 year high of $56.68.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). The company had revenue of $375.09 million during the quarter, compared to analysts' expectations of $358.09 million. Gentherm had a return on equity of 10.81% and a net margin of 3.44%. Gentherm's quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. As a group, research analysts anticipate that Gentherm Inc will post 3.1 EPS for the current year.

Gentherm 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.