Raymond James Financial Inc. Takes Position in Gentherm Incorporated (NASDAQ:THRM)

Raymond James Financial Inc. acquired a new position in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 385,727 shares of the auto parts company's stock, valued at approximately $15,400,000. Raymond James Financial Inc. owned about 1.25% of Gentherm at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Signaturefd LLC raised its stake in shares of Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock valued at $26,000 after acquiring an additional 463 shares during the period. KBC Group NV raised its holdings in shares of 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 period. Headlands Technologies LLC increased its stake in Gentherm by 117.1% during the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock worth $73,000 after buying an additional 991 shares during the period. Palouse Capital Management Inc. lifted its holdings in Gentherm by 91.6% during the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock worth $143,000 after buying an additional 1,714 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC grew its stake in shares of Gentherm by 37.8% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company's stock worth $185,000 after acquiring an additional 1,270 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Gentherm Price Performance

Shares of NASDAQ:THRM remained flat at $24.74 during trading on Friday. 516,872 shares of the stock traded hands, compared to its average volume of 243,651. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $28.56 and a 200 day moving average of $36.41. The stock has a market capitalization of $761.72 million, a PE ratio of 11.95 and a beta of 1.46. Gentherm Incorporated has a twelve month low of $22.75 and a twelve month high of $56.72.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The firm had revenue of $353.85 million during the quarter, compared to analysts' expectations of $347.39 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. During the same period in the prior year, the firm earned $0.62 EPS. As a group, equities research analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Robert W. Baird lifted their target price on Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday. JPMorgan Chase & Co. lowered their price target on shares of 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 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.