Global Alpha Capital Management Ltd. Buys 28,200 Shares of Gentherm Incorporated (NASDAQ:THRM)

Global Alpha Capital Management Ltd. boosted its holdings in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 9.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 320,173 shares of the auto parts company's stock after purchasing an additional 28,200 shares during the quarter. Global Alpha Capital Management Ltd. owned approximately 0.98% of Gentherm worth $16,764,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in THRM. Quadrant Capital Group LLC increased its holdings in shares of Gentherm by 211.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company's stock valued at $60,000 after acquiring an additional 780 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Gentherm by 14.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company's stock valued at $115,000 after purchasing an additional 276 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Gentherm during the 3rd quarter valued at approximately $207,000. Panagora Asset Management Inc. acquired a new position in Gentherm during the 3rd quarter valued at approximately $210,000. Finally, Pathstone Family Office LLC acquired a new position in Gentherm during the 3rd quarter valued at approximately $235,000. 97.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

THRM has been the subject of a number of analyst reports. Robert W. Baird reduced their price objective on Gentherm from $67.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, May 1st. StockNews.com upgraded Gentherm from a "hold" rating to a "buy" rating in a research report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. reduced their price target on Gentherm from $63.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $65.75.

Gentherm Price Performance

Shares of Gentherm stock traded up $0.15 during trading on Tuesday, hitting $49.48. The stock had a trading volume of 101,243 shares, compared to its average volume of 173,627. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.10 and a quick ratio of 1.44. The firm has a market cap of $1.57 billion, a P/E ratio of 33.89 and a beta of 1.49. The business has a fifty day moving average of $52.83 and a two-hundred day moving average of $50.74. Gentherm Incorporated has a fifty-two week low of $38.21 and a fifty-two week high of $66.54.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.19. The business had revenue of $356.00 million during the quarter, compared to analyst estimates of $361.11 million. Gentherm had a return on equity of 13.56% and a net margin of 3.23%. The company's revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, sell-side analysts expect that Gentherm Incorporated will post 2.94 earnings per share for the current fiscal year.

Insider Transactions at Gentherm

In other news, CEO Phillip Eyler sold 15,000 shares of the business's stock in a transaction on Friday, April 5th. The stock was sold at an average price of $55.17, for a total transaction of $827,550.00. Following the sale, the chief executive officer now directly owns 147,317 shares of the company's stock, valued at $8,127,478.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.91% of the stock is owned by insiders.

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.