HITE Hedge Asset Management LLC Makes New $9.83 Million Investment in Gentherm Incorporated (NASDAQ:THRM)

HITE Hedge Asset Management LLC purchased a new position in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 246,272 shares of the auto parts company's stock, valued at approximately $9,832,000. HITE Hedge Asset Management LLC owned approximately 0.79% of Gentherm as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in shares of Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock valued at $26,000 after purchasing an additional 463 shares in the last quarter. KBC Group NV increased its stake in shares of Gentherm by 82.2% in the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after acquiring an additional 822 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of Gentherm by 117.1% during the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock worth $73,000 after acquiring an additional 991 shares during the period. Palouse Capital Management Inc. boosted its position in shares of Gentherm by 91.6% during the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock valued at $143,000 after acquiring an additional 1,714 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC grew its holdings in shares of Gentherm by 37.8% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company's stock valued at $185,000 after purchasing an additional 1,270 shares during the period. Hedge funds and other institutional investors own 97.13% of the company's stock.

Gentherm Trading Up 0.8 %

NASDAQ:THRM traded up $0.19 on Wednesday, reaching $24.68. 684,535 shares of the company's stock were exchanged, compared to its average volume of 235,608. The business has a fifty day moving average of $29.22 and a 200-day moving average of $36.73. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. Gentherm Incorporated has a 52-week low of $22.75 and a 52-week high of $56.72. The firm has a market capitalization of $759.87 million, a price-to-earnings ratio of 11.92 and a beta of 1.46.

Gentherm (NASDAQ:THRM - Get Free Report) last released its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business had revenue of $352.91 million for the quarter, compared to analyst estimates of $360.29 million. During the same quarter last year, the company earned $0.90 earnings per share. Gentherm's quarterly revenue was down 3.8% compared to the same quarter last year. As a group, analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on THRM. JPMorgan Chase & Co. cut their target price on Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. StockNews.com cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, Robert W. Baird dropped their price target on shares of Gentherm from $39.00 to $27.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th.

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.