Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 114,675 Gentherm Inc (NASDAQ:THRM)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 114,675 shares of Gentherm Inc, valued at approximately $3,066,000, which represents about 0.37% of the company's stock.
• Gentherm reported a missed EPS estimate of $0.54 for the last quarter, below the expected $0.59, with revenue of $375.09 million, exceeding expectations.
• Wall Street analysts have raised their ratings on Gentherm, with the company currently holding an average rating of "Buy" and an average target price of $46.00.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Gentherm Inc (NASDAQ:THRM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 114,675 shares of the auto parts company's stock, valued at approximately $3,066,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.37% of Gentherm at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in shares of Gentherm in the 1st quarter valued at about $26,000. Versant Capital Management Inc acquired a new stake in Gentherm in the 1st quarter worth about $28,000. GAMMA Investing LLC boosted its holdings 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 buying an additional 1,619 shares during the last quarter. Quarry LP boosted its holdings 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 buying an additional 1,218 shares during the last quarter. Finally, Headlands Technologies LLC boosted its holdings in Gentherm by 117.1% in the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock worth $73,000 after buying an additional 991 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on THRM shares. Wall Street Zen upgraded Gentherm from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. JPMorgan Chase & Co. boosted their target price on Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Robert W. Baird boosted their target price on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. Finally, Baird R W upgraded Gentherm from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $46.00.

Gentherm Price Performance

Gentherm stock traded down $0.23 during mid-day trading on Friday, reaching $31.81. The company had a trading volume of 321,242 shares, compared to its average volume of 304,454. Gentherm Inc has a 1 year low of $22.75 and a 1 year high of $52.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.35. The company has a market capitalization of $970.84 million, a P/E ratio of 31.19 and a beta of 1.42. The stock's 50-day simple moving average is $29.45 and its 200-day simple moving average is $30.28.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $358.09 million. During the same quarter last year, the business posted $0.66 EPS. The firm's revenue was down .2% compared to the same quarter last year. On average, equities analysts predict that Gentherm Inc will post 3.1 EPS for the current 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.