Trigran Investments Inc. Acquires 219,450 Shares of Gentherm Inc (NASDAQ:THRM)

Key Points

• Trigran Investments Inc. has increased its holdings in Gentherm Inc by 11.0%, owning approximately 2.21 million shares which makes up about 8.7% of their portfolio.
• Gentherm's stock recently opened at $35.04 and has a market cap of $1.07 billion, with a debt-to-equity ratio of 0.30.
• Despite reporting a missed earnings estimate for the previous quarter, analysts have set a consensus target price of $46.00 for Gentherm, with most ratings indicating a Buy.

Trigran Investments Inc. boosted its holdings in Gentherm Inc (NASDAQ:THRM - Free Report) by 11.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,210,388 shares of the auto parts company's stock after purchasing an additional 219,450 shares during the quarter. Gentherm accounts for about 8.7% of Trigran Investments Inc.'s portfolio, making the stock its 4th largest holding. Trigran Investments Inc. owned approximately 7.16% of Gentherm worth $59,106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Cerity Partners LLC increased its holdings in Gentherm by 89.9% in the 1st quarter. Cerity Partners LLC now owns 52,505 shares of the auto parts company's stock valued at $1,404,000 after buying an additional 24,857 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Gentherm by 12.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company's stock valued at $424,000 after buying an additional 1,676 shares during the period. GAMMA Investing LLC increased its holdings in Gentherm by 11,463.4% in the 1st quarter. GAMMA Investing LLC now owns 56,314 shares of the auto parts company's stock valued at $1,506,000 after buying an additional 55,827 shares during the period. Deutsche Bank AG increased its holdings in Gentherm by 23.0% in the 4th quarter. Deutsche Bank AG now owns 54,483 shares of the auto parts company's stock valued at $2,176,000 after buying an additional 10,192 shares during the period. Finally, Bank of America Corp DE increased its holdings in Gentherm by 22.0% in the 4th quarter. Bank of America Corp DE now owns 140,869 shares of the auto parts company's stock valued at $5,624,000 after buying an additional 25,432 shares during the period. Institutional investors and hedge funds own 97.13% of the company's stock.

Gentherm Stock Down 1.1%

Gentherm stock opened at $35.04 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 2.01. Gentherm Inc has a 52-week low of $22.75 and a 52-week high of $51.73. The firm has a 50 day moving average price of $30.76 and a two-hundred day moving average price of $29.78. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 34.35 and a beta of 1.45.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.05). Gentherm had a return on equity of 9.90% and a net margin of 2.18%. The firm had revenue of $375.09 million for the quarter, compared to the consensus estimate of $358.09 million. During the same quarter in the previous year, the business posted $0.66 EPS. The firm's revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts predict that Gentherm Inc will post 3.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on THRM shares. Robert W. Baird increased their target price on shares of Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. JPMorgan Chase & Co. increased their target price on shares of Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Wall Street Zen raised shares of Gentherm from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. One research 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 stock. According to data from MarketBeat, Gentherm currently has a consensus rating of "Buy" and an average target price of $46.00.

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.

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