First Trust Advisors LP Grows Position in Gentherm Incorporated (NASDAQ:THRM)

First Trust Advisors LP increased its holdings in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 89.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,541 shares of the auto parts company's stock after buying an additional 23,397 shares during the quarter. First Trust Advisors LP owned 0.16% of Gentherm worth $1,978,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in shares of Gentherm by 0.3% in the fourth quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company's stock worth $3,623,000 after buying an additional 277 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after buying an additional 463 shares during the last quarter. KBC Group NV boosted its holdings in shares of Gentherm by 82.2% in the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after buying an additional 822 shares during the last quarter. Barclays PLC lifted its holdings in Gentherm by 1.4% during the fourth quarter. Barclays PLC now owns 62,346 shares of the auto parts company's stock valued at $2,489,000 after purchasing an additional 880 shares in the last quarter. Finally, Headlands Technologies LLC lifted its holdings in Gentherm by 117.1% during the fourth 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. Hedge funds and other institutional investors own 97.13% of the company's stock.

Gentherm Price Performance

Shares of THRM stock traded up $0.18 during mid-day trading on Friday, hitting $26.78. The company had a trading volume of 212,363 shares, compared to its average volume of 253,580. Gentherm Incorporated has a 52-week low of $22.75 and a 52-week high of $56.68. The stock's 50 day moving average price is $27.18 and its 200-day moving average price is $35.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The company has a market capitalization of $826.43 million, a P/E ratio of 12.94 and a beta of 1.44.

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

Insider Buying and Selling

In other Gentherm news, CEO William T. Presley purchased 3,000 shares of Gentherm stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average price of $24.67 per share, for a total transaction of $74,010.00. Following the completion of the transaction, the chief executive officer now owns 161,103 shares of the company's stock, valued at approximately $3,974,411.01. This trade represents a 1.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on THRM. JPMorgan Chase & Co. lowered their price target on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Robert W. Baird lifted their price target on shares of Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Finally, StockNews.com downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th.

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.