Gentherm Incorporated (NASDAQ:THRM) Shares Acquired by Trigran Investments Inc.

Trigran Investments Inc. grew its stake in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 7.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,990,938 shares of the auto parts company's stock after buying an additional 135,458 shares during the period. Gentherm accounts for approximately 9.1% of Trigran Investments Inc.'s holdings, making the stock its 2nd biggest holding. Trigran Investments Inc. owned approximately 6.43% of Gentherm worth $79,488,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of THRM. Barclays PLC boosted its stake in shares of Gentherm by 234.8% in the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company's stock valued at $2,861,000 after purchasing an additional 43,108 shares during the period. JPMorgan Chase & Co. grew its position in shares of Gentherm by 46.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company's stock valued at $3,158,000 after buying an additional 21,376 shares during the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Gentherm by 23.8% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company's stock valued at $31,261,000 after purchasing an additional 150,310 shares during the last quarter. Amundi lifted its holdings in shares of Gentherm by 185.5% in the 4th quarter. Amundi now owns 15,143 shares of the auto parts company's stock worth $595,000 after purchasing an additional 9,839 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Gentherm during the 4th quarter worth $15,400,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on THRM. Robert W. Baird upped their price target on shares of Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday. StockNews.com cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their price target on Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a report on Monday, January 27th.

Gentherm Stock Performance

Shares of NASDAQ THRM traded up $0.24 during midday trading on Friday, reaching $24.98. 265,020 shares of the company traded hands, compared to its average volume of 242,235. The company has a market cap of $769.23 million, a price-to-earnings ratio of 12.07 and a beta of 1.46. The stock has a 50-day moving average price of $28.79 and a 200 day moving average price of $36.54. Gentherm Incorporated has a 52 week low of $22.75 and a 52 week high of $56.72. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38.

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, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $347.39 million. During the same period in the prior year, the business posted $0.62 EPS. Sell-side analysts anticipate that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal 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.