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 purchased a new position in Gentherm Inc (NASDAQ:THRM - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 114,675 shares of the auto parts company's stock, valued at approximately $3,066,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.37% of Gentherm at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in THRM. FNY Investment Advisers LLC purchased a new position in Gentherm during the first quarter valued at $26,000. Versant Capital Management Inc bought a new position in Gentherm during the 1st quarter valued at about $28,000. GAMMA Investing LLC grew its holdings in Gentherm by 332.4% during the 1st quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock valued at $56,000 after purchasing an additional 1,619 shares during the last quarter. Quarry LP grew its holdings in Gentherm by 226.8% during 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 during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in Gentherm by 117.1% during the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock valued at $73,000 after buying an additional 991 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Gentherm from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Robert W. Baird raised their price target 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. upped their price objective on shares of Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday. 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 analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $46.00.

Gentherm Trading Down 0.7%

Gentherm stock traded down $0.23 during midday trading on Friday, hitting $31.81. 321,242 shares of the stock were exchanged, compared to its average volume of 323,490. Gentherm Inc has a fifty-two week low of $22.75 and a fifty-two week high of $52.85. The stock has a market capitalization of $970.84 million, a price-to-earnings ratio of 31.19 and a beta of 1.42. The stock's 50-day simple moving average is $29.35 and its 200 day simple moving average is $30.33. The company has a current ratio of 2.01, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $358.09 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. Gentherm's revenue for the quarter was down .2% on a year-over-year basis. On average, equities 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.