Vanguard Group Inc. Has $197.26 Million Position in Gentherm Incorporated (NASDAQ:THRM)

Vanguard Group Inc. decreased its holdings in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,635,391 shares of the auto parts company's stock after selling 22,834 shares during the period. Vanguard Group Inc. owned approximately 11.08% of Gentherm worth $197,256,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. boosted its position in Gentherm by 171.9% during the first quarter. Invesco Ltd. now owns 988,683 shares of the auto parts company's stock worth $72,213,000 after purchasing an additional 625,083 shares during the period. Robeco Schweiz AG purchased a new position in Gentherm in the 1st quarter worth approximately $30,991,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Gentherm by 1,762.9% in the 1st quarter. Rockefeller Capital Management L.P. now owns 403,123 shares of the auto parts company's stock worth $24,356,000 after acquiring an additional 381,483 shares during the last quarter. Norges Bank bought a new stake in shares of Gentherm in the 4th quarter worth approximately $17,802,000. Finally, Capital International Investors lifted its holdings in shares of Gentherm by 67.0% in the 1st quarter. Capital International Investors now owns 668,977 shares of the auto parts company's stock worth $48,862,000 after acquiring an additional 268,477 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.

Analyst Upgrades and Downgrades

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

Gentherm Stock Up 1.2 %

THRM traded up $0.70 on Friday, hitting $57.58. The company had a trading volume of 189,048 shares, compared to its average volume of 169,781. Gentherm Incorporated has a 12-month low of $38.21 and a 12-month high of $66.54. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 46.81 and a beta of 1.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.48 and a current ratio of 2.12. The stock has a fifty day moving average price of $52.90 and a 200-day moving average price of $50.88.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The auto parts company reported $0.90 earnings per share for the quarter, topping 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 business had revenue of $366.93 million for the quarter, compared to analyst estimates of $364.40 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. Analysts predict that Gentherm Incorporated will post 2.81 EPS for the current fiscal year.

Gentherm 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.