Gotham Asset Management LLC Makes New Investment in Gentherm Incorporated (NASDAQ:THRM)

Gotham Asset Management LLC purchased a new position in shares of Gentherm Incorporated (NASDAQ:THRM) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,458 shares of the auto parts company’s stock, valued at approximately $617,000.

A number of other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in Gentherm during the fourth quarter worth approximately $15,400,000. HITE Hedge Asset Management LLC acquired a new stake in shares of Gentherm in the fourth quarter worth $9,832,000. Segall Bryant & Hamill LLC lifted its stake in shares of Gentherm by 42.9% in the fourth quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company’s stock worth $20,962,000 after buying an additional 157,544 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in shares of Gentherm by 23.8% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock worth $31,261,000 after buying an additional 150,310 shares during the period. Finally, Trigran Investments Inc. grew 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 buying an additional 135,458 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

Insider Transactions at Gentherm

In other Gentherm news, CEO William T. Presley acquired 3,000 shares of Gentherm stock in a transaction dated Friday, April 25th. The stock was bought at an average cost of $24.67 per share, with a total value of $74,010.00. Following the acquisition, the chief executive officer now owns 161,103 shares of the company’s stock, valued at approximately $3,974,411.01. The trade was a 1.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Gentherm Price Performance

Shares of Gentherm stock opened at $28.13 on Monday. 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 company has a market cap of $868.09 million, a PE ratio of 13.59 and a beta of 1.44. The firm has a fifty day moving average price of $26.77 and a two-hundred day moving average price of $34.84. Gentherm Incorporated has a fifty-two week low of $22.75 and a fifty-two week high of $56.68.

Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share 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 business had revenue of $353.85 million for the quarter, compared to the consensus estimate of $347.39 million. During the same period last year, the business earned $0.62 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts expect that Gentherm Incorporated will post 3.1 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on THRM. StockNews.com lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th. Robert W. Baird boosted their price objective on Gentherm from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a 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.