Vanguard Group Inc. Raises Holdings in Gentherm Inc $THRM

Vanguard Group Inc. raised its position in shares of Gentherm Inc (NASDAQ:THRM) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,332,197 shares of the auto parts company’s stock after acquiring an additional 29,214 shares during the period. Vanguard Group Inc. owned approximately 10.92% of Gentherm worth $121,192,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Gentherm by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,361,684 shares of the auto parts company’s stock valued at $46,380,000 after acquiring an additional 18,259 shares during the period. Harvey Partners LLC raised its stake in shares of Gentherm by 72.6% during the third quarter. Harvey Partners LLC now owns 1,024,500 shares of the auto parts company’s stock valued at $34,894,000 after purchasing an additional 431,072 shares during the period. Segall Bryant & Hamill LLC lifted its position in shares of Gentherm by 46.7% during the third quarter. Segall Bryant & Hamill LLC now owns 997,125 shares of the auto parts company’s stock worth $33,962,000 after purchasing an additional 317,246 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Gentherm by 42.8% in the third quarter. Ameriprise Financial Inc. now owns 635,066 shares of the auto parts company’s stock valued at $21,630,000 after purchasing an additional 190,432 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Gentherm by 385.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 543,200 shares of the auto parts company’s stock worth $18,501,000 after buying an additional 431,271 shares during the period. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Trading Down 0.6%

NASDAQ:THRM opened at $30.30 on Wednesday. The company has a market cap of $929.21 million, a PE ratio of 40.40 and a beta of 1.35. The business’s 50 day moving average is $29.17 and its two-hundred day moving average is $33.42. The company has a quick ratio of 1.36, a current ratio of 1.97 and a debt-to-equity ratio of 0.31. Gentherm Inc has a 52 week low of $25.76 and a 52 week high of $39.48.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.31. The firm had revenue of $393.71 million for the quarter, compared to analysts’ expectations of $363.82 million. Gentherm had a return on equity of 11.25% and a net margin of 1.47%.The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the business posted $0.51 earnings per share. On average, analysts predict that Gentherm Inc will post 2.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on THRM. Weiss Ratings upgraded Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Argus upgraded Gentherm to a “hold” rating in a report on Friday, February 27th. JPMorgan Chase & Co. cut their target price on Gentherm from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Robert W. Baird increased their target price on Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Roth Mkm dropped their price target on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $37.20.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.