Northern Trust Corp Increases Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Northern Trust Corp lifted its holdings in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 385,556 shares of the auto parts company's stock after acquiring an additional 53,688 shares during the period. Northern Trust Corp owned 1.24% of Gentherm worth $15,393,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Signaturefd LLC grew its holdings in shares of Gentherm by 233.8% during the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after buying an additional 463 shares during the last quarter. Quarry LP grew its stake in shares of Gentherm by 226.8% in the 4th quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock valued at $70,000 after purchasing an additional 1,218 shares during the last quarter. KBC Group NV grew its position in Gentherm by 82.2% in the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock valued at $73,000 after buying an additional 822 shares during the last quarter. Headlands Technologies LLC grew its position in Gentherm by 117.1% in the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock valued at $73,000 after buying an additional 991 shares during the last quarter. Finally, Palouse Capital Management Inc. grew its position in Gentherm by 91.6% in the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock valued at $143,000 after buying an additional 1,714 shares during the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Gentherm news, CEO William T. Presley purchased 3,000 shares of Gentherm stock in a transaction on Friday, April 25th. The shares were bought 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 of the company's stock, valued at approximately $3,974,411.01. This trade represents a 1.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company's stock.

Gentherm Price Performance

Shares of NASDAQ:THRM opened at $27.94 on Thursday. The business's 50 day simple moving average is $27.02 and its 200-day simple moving average is $35.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The firm has a market capitalization of $862.23 million, a price-to-earnings ratio of 13.50 and a beta of 1.44. Gentherm Incorporated has a 12 month low of $22.75 and a 12 month high of $56.68.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $353.85 million for the quarter, compared to the consensus estimate of $347.39 million. During the same period in the previous year, the business earned $0.62 earnings per share. Gentherm's quarterly revenue was down .6% compared to the same quarter last year. As a group, equities analysts forecast that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.

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