Gentherm Incorporated (NASDAQ:THRM) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 4.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,538 shares of the auto parts company’s stock after purchasing an additional 1,596 shares during the period. Intech Investment Management LLC’s holdings in Gentherm were worth $1,379,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP grew its position in Gentherm by 952.9% during the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 486 shares during the period. Signaturefd LLC grew its position in shares of Gentherm by 233.8% during 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 grew its position in shares of Gentherm by 82.2% during the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after acquiring an additional 822 shares during the period. Palouse Capital Management Inc. grew its position in shares of Gentherm by 91.6% during the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company’s stock valued at $143,000 after acquiring an additional 1,714 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Gentherm during the 3rd quarter valued at about $207,000. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Trading Down 1.0 %

THRM stock opened at $30.08 on Friday. 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 Incorporated has a 12-month low of $29.70 and a 12-month high of $57.96. The stock has a market cap of $926.13 million, a price-to-earnings ratio of 14.53 and a beta of 1.45. The business’s 50-day moving average is $35.29 and its 200 day moving average is $40.25.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The firm had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. StockNews.com cut Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, Robert W. Baird dropped their target price on Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th.

Gentherm 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.