Assenagon Asset Management S.A. Grows Stake in Gentherm Incorporated (NASDAQ:THRM)

Assenagon Asset Management S.A. raised its holdings in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 25.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,591 shares of the auto parts company's stock after buying an additional 35,854 shares during the period. Assenagon Asset Management S.A. owned about 0.54% of Gentherm worth $9,194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of THRM. Tower Research Capital LLC TRC raised its stake in Gentherm by 192.7% in the first quarter. Tower Research Capital LLC TRC now owns 846 shares of the auto parts company's stock valued at $51,000 after buying an additional 557 shares during the period. SkyView Investment Advisors LLC bought a new stake in Gentherm in the first quarter valued at approximately $60,000. PNC Financial Services Group Inc. raised its stake in Gentherm by 14.9% in the third quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company's stock valued at $115,000 after buying an additional 276 shares during the period. XTX Topco Ltd bought a new stake in Gentherm in the first quarter valued at approximately $200,000. Finally, Quadrature Capital Ltd bought a new stake in Gentherm in the third quarter valued at approximately $200,000. Institutional investors own 97.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Gentherm from $58.00 to $63.00 and gave the stock an "underweight" rating in a research note on Friday, February 23rd. Argus lowered Gentherm from a "buy" rating to a "hold" rating in a research note on Monday, December 4th. StockNews.com upgraded Gentherm from a "hold" rating to a "buy" rating in a research note on Thursday, February 22nd. Finally, Robert W. Baird increased their target price on Gentherm from $60.00 to $66.00 and gave the stock a "neutral" rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $66.75.

Gentherm Price Performance

NASDAQ:THRM traded up $0.70 during trading hours on Friday, reaching $57.58. 189,048 shares of the company were exchanged, compared to its average volume of 169,781. The company has a market capitalization of $1.82 billion, a P/E ratio of 46.81 and a beta of 1.49. Gentherm Incorporated has a 1-year low of $38.21 and a 1-year high of $66.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.12 and a quick ratio of 1.48. The business has a 50 day moving average of $52.90 and a 200 day moving average of $50.91.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The auto parts company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.36. Gentherm had a return on equity of 12.91% and a net margin of 2.75%. The company had revenue of $366.93 million during the quarter, compared to analysts' expectations of $364.40 million. During the same period in the prior year, the company earned $0.47 EPS. Gentherm's revenue was up 6.9% compared to the same quarter last year. Research analysts forecast that Gentherm Incorporated will post 2.81 EPS for the current year.

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.