Lazard Asset Management LLC grew its position in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 15.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,878 shares of the auto parts company's stock after buying an additional 26,576 shares during the quarter. Lazard Asset Management LLC owned 0.65% of Gentherm worth $8,099,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of Gentherm by 233.8% in the 4th 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. Quarry LP lifted its stake in shares of Gentherm by 226.8% in the 4th quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock valued at $70,000 after acquiring an additional 1,218 shares during the last quarter. KBC Group NV boosted its holdings in shares of Gentherm by 82.2% during the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock valued at $73,000 after acquiring an additional 822 shares in the last quarter. Headlands Technologies LLC grew its position in 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 last quarter. Finally, Palouse Capital Management Inc. increased its holdings in Gentherm by 91.6% in the 4th 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 in the last quarter. 97.13% of the stock is owned by institutional investors.
Gentherm Trading Down 1.2%
Gentherm stock traded down $0.34 during mid-day trading on Monday, hitting $27.79. 77,537 shares of the stock were exchanged, compared to its average volume of 256,001. The stock has a market capitalization of $857.60 million, a price-to-earnings ratio of 13.43 and a beta of 1.44. Gentherm Incorporated has a 12 month low of $22.75 and a 12 month high of $56.68. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The firm's fifty day simple moving average is $26.77 and its two-hundred day simple moving average is $34.84.
Gentherm (NASDAQ:THRM - Get Free Report) last announced its 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. The business had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. Gentherm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. Analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current year.
Wall Street Analysts Forecast Growth
THRM has been the subject of several recent research reports. StockNews.com downgraded Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th. Robert W. Baird boosted their price objective on shares of Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their target price on Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a research report on Monday, January 27th.
Get Our Latest Stock Analysis on Gentherm
Insiders Place Their Bets
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 stock was acquired at an average price of $24.67 per share, with a total value of $74,010.00. Following the transaction, the chief executive officer now owns 161,103 shares in the company, valued at $3,974,411.01. This trade represents a 1.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company's stock.
Gentherm Profile
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Free Report)
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.
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