Northern Trust Corp Purchases 53,688 Shares of Gentherm Incorporated (NASDAQ:THRM)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Gentherm in the fourth quarter valued at $15,400,000. HITE Hedge Asset Management LLC purchased a new stake in shares of Gentherm in the fourth quarter valued at approximately $9,832,000. Segall Bryant & Hamill LLC grew its holdings in Gentherm by 42.9% during the 4th quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company's stock valued at $20,962,000 after buying an additional 157,544 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its stake in shares of Gentherm by 23.8% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company's stock valued at $31,261,000 after acquiring an additional 150,310 shares during the last quarter. Finally, Trigran Investments Inc. raised its stake in Gentherm by 7.3% in the 4th quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company's stock valued at $79,488,000 after purchasing an additional 135,458 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.

Insider Buying and Selling at Gentherm

In other news, CEO William T. Presley acquired 3,000 shares of Gentherm stock in a transaction on Friday, April 25th. The stock was acquired at an average cost of $24.67 per share, with a total value of $74,010.00. Following the completion of the acquisition, the chief executive officer now owns 161,103 shares in the company, valued at approximately $3,974,411.01. This trade represents a 1.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

THRM has been the subject of a number of research reports. Robert W. Baird boosted their target price on Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Finally, StockNews.com lowered Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th.

Gentherm Stock Down 0.1%

NASDAQ THRM traded down $0.03 on Tuesday, reaching $27.65. The company had a trading volume of 3,406 shares, compared to its average volume of 341,194. The company's fifty day moving average is $26.70 and its 200-day moving average is $34.68. Gentherm Incorporated has a 1-year low of $22.75 and a 1-year high of $56.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The firm has a market capitalization of $853.28 million, a price-to-earnings ratio of 13.36 and a beta of 1.44.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly 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. The business had revenue of $353.85 million for the quarter, compared to analyst estimates of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. Gentherm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. On average, research analysts forecast that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

About Gentherm

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.