Voloridge Investment Management LLC Acquires 84,207 Shares of Gentherm Incorporated (NASDAQ:THRM)

Voloridge Investment Management LLC boosted its stake in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 280.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,187 shares of the auto parts company's stock after purchasing an additional 84,207 shares during the quarter. Voloridge Investment Management LLC owned about 0.37% of Gentherm worth $4,559,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of THRM. Signaturefd LLC raised its stake in Gentherm by 233.8% during the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after acquiring an additional 463 shares in the last quarter. Quarry LP boosted its holdings in shares of Gentherm by 226.8% during 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 in the last quarter. KBC Group NV raised its position in shares of Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after purchasing an additional 822 shares during the period. Headlands Technologies LLC raised its position in shares of Gentherm by 117.1% during the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock worth $73,000 after purchasing an additional 991 shares during the period. Finally, Palouse Capital Management Inc. raised its position in shares of Gentherm by 91.6% during the fourth quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock worth $143,000 after purchasing an additional 1,714 shares during the period. Institutional investors own 97.13% of the company's stock.

Wall Street Analyst Weigh In

THRM has been the topic of several recent analyst reports. Wall Street Zen cut Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th. Robert W. Baird lifted their target price on Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th.

Gentherm Trading Down 1.6%

THRM stock traded down $0.46 on Friday, reaching $27.45. The company's stock had a trading volume of 319,729 shares, compared to its average volume of 258,757. The business has a fifty day simple moving average of $26.21 and a two-hundred day simple moving average of $33.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The firm has a market cap of $847.11 million, a PE ratio of 13.26 and a beta of 1.44. Gentherm Incorporated has a 12-month low of $22.75 and a 12-month high of $56.68.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The firm had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. During the same period last year, the company earned $0.62 earnings per share. The company's revenue was down .6% on a year-over-year basis. As a group, research analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current year.

Insider Activity at Gentherm

In other Gentherm news, CEO William T. Presley acquired 3,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average cost of $24.67 per share, with a total value of $74,010.00. Following the completion of the transaction, the chief executive officer now directly owns 161,103 shares of the company's stock, valued at approximately $3,974,411.01. This represents a 1.90% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

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.