Gentherm Incorporated (NASDAQ:THRM) Stock Position Lifted by Millennium Management LLC

Millennium Management LLC boosted its stake in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 207.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,447 shares of the auto parts company's stock after acquiring an additional 54,288 shares during the quarter. Millennium Management LLC owned about 0.26% of Gentherm worth $3,212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after acquiring an additional 463 shares during the period. Quarry LP raised its position in shares of Gentherm by 226.8% in the 4th quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock valued at $70,000 after purchasing an additional 1,218 shares in the last quarter. KBC Group NV raised its position in shares of Gentherm by 82.2% in the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock valued at $73,000 after purchasing an additional 822 shares in the last quarter. Headlands Technologies LLC raised its position in shares of Gentherm by 117.1% in the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock valued at $73,000 after purchasing an additional 991 shares in the last quarter. Finally, Palouse Capital Management Inc. raised its position 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 purchasing an additional 1,714 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on THRM shares. Wall Street Zen lowered Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th. Robert W. Baird upped their target price on Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, April 25th.

Gentherm Stock Up 0.7%

Shares of THRM traded up $0.19 during trading on Wednesday, reaching $27.30. The company's stock had a trading volume of 227,280 shares, compared to its average volume of 259,233. 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 company has a market cap of $842.48 million, a price-to-earnings ratio of 13.19 and a beta of 1.44. Gentherm Incorporated has a twelve month low of $22.75 and a twelve month high of $56.68. The company has a fifty day moving average of $25.99 and a two-hundred day moving average of $33.47.

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

Insider Activity at Gentherm

In other news, CEO William T. Presley purchased 3,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average cost of $24.67 per share, with a total value of $74,010.00. Following the transaction, the chief executive officer now owns 161,103 shares in the company, valued at approximately $3,974,411.01. The trade was a 1.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.