7,430 Shares in Gentherm Incorporated (NASDAQ:THRM) Bought by PharVision Advisers LLC

PharVision Advisers LLC bought a new position in shares of Gentherm Incorporated (NASDAQ:THRM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,430 shares of the auto parts company’s stock, valued at approximately $297,000.

A number of other hedge funds have also bought and sold shares of the business. Barclays PLC lifted its stake in Gentherm by 234.8% in the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock valued at $2,861,000 after purchasing an additional 43,108 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in 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 purchasing an additional 150,310 shares during the last quarter. Amundi lifted its holdings in Gentherm by 185.5% during the fourth quarter. Amundi now owns 15,143 shares of the auto parts company’s stock valued at $595,000 after purchasing an additional 9,839 shares during the last quarter. Invesco Ltd. boosted its position in Gentherm by 16.8% during the fourth quarter. Invesco Ltd. now owns 238,975 shares of the auto parts company’s stock worth $9,541,000 after purchasing an additional 34,353 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Gentherm by 20.9% in the fourth quarter. Bank of Montreal Can now owns 6,167 shares of the auto parts company’s stock worth $246,000 after purchasing an additional 1,067 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO William T. Presley purchased 3,000 shares of the firm’s stock in a transaction dated Friday, April 25th. The shares were purchased at an average price of $24.67 per share, with a total value of $74,010.00. Following 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 represents 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. Corporate insiders own 1.40% of the company’s stock.

Gentherm Price Performance

THRM stock opened at $27.00 on Thursday. The firm has a 50 day moving average of $26.58 and a 200-day moving average of $34.58. The firm has a market capitalization of $833.22 million, a P/E ratio of 13.04 and a beta of 1.44. Gentherm Incorporated has a 12 month low of $22.75 and a 12 month high of $56.68. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS. As a group, sell-side analysts predict that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Gentherm from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. cut their price target 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 cut Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th.

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.