Gentherm Incorporated (NASDAQ:THRM) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC grew its holdings in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 15.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 202,878 shares of the auto parts company's stock after buying an additional 26,576 shares during the period. Lazard Asset Management LLC owned 0.65% of Gentherm worth $8,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in THRM. Raymond James Financial Inc. acquired a new stake in shares of Gentherm during the 4th quarter worth about $15,400,000. HITE Hedge Asset Management LLC purchased a new position in Gentherm in the fourth quarter valued at approximately $9,832,000. Segall Bryant & Hamill LLC increased its stake in Gentherm by 42.9% in the fourth quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company's stock valued at $20,962,000 after purchasing an additional 157,544 shares during the last quarter. Global Alpha Capital Management Ltd. raised its holdings in 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 worth $31,261,000 after purchasing an additional 150,310 shares in the last quarter. Finally, Trigran Investments Inc. lifted its position in shares of Gentherm by 7.3% during the 4th quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company's stock worth $79,488,000 after buying an additional 135,458 shares during the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Stock Performance

Shares of THRM traded up $0.02 during mid-day trading on Tuesday, reaching $27.70. 23,884 shares of the company's stock were exchanged, compared to its average volume of 255,233. The business's fifty day simple moving average is $26.70 and its 200-day simple moving average is $34.68. The stock has a market capitalization of $854.67 million, a PE ratio of 13.38 and a beta of 1.44. Gentherm Incorporated has a 52-week low of $22.75 and a 52-week high of $56.68. 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 posted its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $347.39 million. During the same period 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. On average, equities research analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on THRM. Robert W. Baird increased their target price on shares of Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. StockNews.com downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their price objective on Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a report on Monday, January 27th.

Insiders Place Their Bets

In other news, CEO William T. Presley bought 3,000 shares of the stock in a transaction dated Friday, April 25th. The shares were acquired at an average price of $24.67 per share, with a total value of $74,010.00. Following the completion of the acquisition, the chief executive officer now directly owns 161,103 shares in the company, valued at approximately $3,974,411.01. The trade was a 1.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by insiders.

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.