Headlands Technologies LLC Acquires 991 Shares of Gentherm Incorporated (NASDAQ:THRM)

Headlands Technologies LLC raised its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 117.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,837 shares of the auto parts company’s stock after buying an additional 991 shares during the quarter. Headlands Technologies LLC’s holdings in Gentherm were worth $73,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quarry LP raised its stake in Gentherm by 952.9% during the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 486 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after buying an additional 463 shares during the period. KBC Group NV grew its position in Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after buying an additional 822 shares in the last quarter. Palouse Capital Management Inc. grew its position in Gentherm by 91.6% during the fourth 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, XTX Topco Ltd bought a new position in Gentherm during the third quarter valued at about $207,000. 97.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on THRM. StockNews.com lowered Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. Robert W. Baird lowered their price target on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their price objective 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.

Gentherm Stock Performance

Gentherm stock opened at $25.23 on Monday. The firm has a market capitalization of $776.81 million, a P/E ratio of 12.19 and a beta of 1.46. The stock has a fifty day moving average price of $32.96 and a two-hundred day moving average price of $38.80. Gentherm Incorporated has a 52-week low of $24.00 and a 52-week high of $56.72. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38.

Gentherm (NASDAQ:THRM) last announced its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $360.29 million. During the same quarter last year, the business earned $0.90 EPS. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

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.