Lord Abbett & CO. LLC reduced its holdings in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 38.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 313,528 shares of the auto parts company's stock after selling 194,866 shares during the quarter. Lord Abbett & CO. LLC owned about 1.01% of Gentherm worth $12,518,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC lifted its stake 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 during the period. KBC Group NV boosted its stake 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 worth $73,000 after acquiring an additional 822 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Gentherm by 117.1% in 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. raised its holdings in Gentherm by 91.6% during the fourth 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 during the last quarter. Finally, MeadowBrook Investment Advisors LLC boosted its position in Gentherm by 37.8% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company's stock worth $185,000 after purchasing an additional 1,270 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on THRM shares. JPMorgan Chase & Co. lowered their price objective on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Robert W. Baird lifted their price objective on Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Finally, StockNews.com lowered Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th.
Check Out Our Latest Report on THRM
Insider Buying and Selling at Gentherm
In related news, CEO William T. Presley bought 3,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average cost of $24.67 per share, with a total value 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. The trade was a 1.90 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is owned by company insiders.
Gentherm Trading Up 1.5 %
Shares of THRM traded up $0.39 on Thursday, hitting $26.40. 611,885 shares of the stock traded hands, compared to its average volume of 249,332. Gentherm Incorporated has a 1 year low of $22.75 and a 1 year high of $56.68. The stock's 50 day moving average is $28.09 and its two-hundred day moving average is $36.06. The firm has a market capitalization of $814.70 million, a P/E ratio of 12.75 and a beta of 1.46. 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 (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. The company had revenue of $353.85 million for the quarter, compared to analyst estimates of $347.39 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 EPS. As a group, sell-side analysts predict that Gentherm Incorporated will post 3.1 earnings per share for the current year.
Gentherm Profile
(
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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