OP Asset Management Ltd Takes $571,000 Position in Gentherm Inc $THRM

OP Asset Management Ltd bought a new position in shares of Gentherm Inc (NASDAQ:THRM – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,561 shares of the auto parts company’s stock, valued at approximately $571,000.

A number of other hedge funds have also added to or reduced their stakes in THRM. Harvey Partners LLC boosted its stake in shares of Gentherm by 72.6% during the 3rd 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 in the last quarter. Segall Bryant & Hamill LLC raised its stake in Gentherm by 46.7% in the third quarter. Segall Bryant & Hamill LLC now owns 997,125 shares of the auto parts company’s stock worth $33,962,000 after buying an additional 317,246 shares in the last quarter. American Century Companies Inc. raised its stake in Gentherm by 36.1% in the third quarter. American Century Companies Inc. now owns 513,791 shares of the auto parts company’s stock worth $17,500,000 after buying an additional 136,401 shares in the last quarter. Royce & Associates LP purchased a new stake in Gentherm in the fourth quarter worth about $12,080,000. Finally, Legato Capital Management LLC boosted its position in shares of Gentherm by 157.4% during the fourth quarter. Legato Capital Management LLC now owns 60,874 shares of the auto parts company’s stock valued at $2,214,000 after purchasing an additional 37,223 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

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Gentherm Stock Performance

Shares of THRM opened at $34.11 on Wednesday. The firm has a market capitalization of $1.05 billion, a P/E ratio of 45.48 and a beta of 1.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.97 and a quick ratio of 1.36. Gentherm Inc has a one year low of $27.00 and a one year high of $39.48. The business has a fifty day moving average of $33.20 and a 200 day moving average of $33.01.

Gentherm (NASDAQ:THRM – Get Free Report) last posted its earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.31. The company had revenue of $393.71 million for the quarter, compared to the consensus estimate of $363.81 million. Gentherm had a return on equity of 11.25% and a net margin of 1.47%.Gentherm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. As a group, sell-side analysts anticipate that Gentherm Inc will post 2.74 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on THRM shares. Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Robert W. Baird lifted their target price on Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Weiss Ratings upgraded Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. increased their price objective on Gentherm from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Roth Mkm reduced their price objective on Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.40.

Read Our Latest Analysis on THRM

About Gentherm

(Free Report)

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.

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