Gotham Asset Management LLC Purchases Shares of 15,458 Gentherm Incorporated (NASDAQ:THRM)

Gotham Asset Management LLC acquired a new stake in shares of Gentherm Incorporated (NASDAQ:THRM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,458 shares of the auto parts company’s stock, valued at approximately $617,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Signaturefd LLC increased 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 worth $26,000 after purchasing an additional 463 shares in the last quarter. Quarry LP boosted its position in Gentherm by 226.8% in the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company’s stock valued at $70,000 after buying an additional 1,218 shares in the last quarter. KBC Group NV grew its stake 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 during the last quarter. Headlands Technologies LLC increased its holdings in shares of Gentherm by 117.1% during the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock worth $73,000 after buying an additional 991 shares in the last quarter. Finally, Palouse Capital Management Inc. increased its holdings in shares of 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. 97.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on THRM. JPMorgan Chase & Co. decreased their price target 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 lowered Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird raised their target price on Gentherm from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, April 25th.

Insider Transactions at Gentherm

In other news, CEO William T. Presley purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average price of $24.67 per share, for a total transaction of $74,010.00. Following the completion of the acquisition, the chief executive officer now directly owns 161,103 shares in the company, valued at approximately $3,974,411.01. The trade was a 1.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Gentherm Price Performance

Shares of THRM stock opened at $28.13 on Monday. Gentherm Incorporated has a 1 year low of $22.75 and a 1 year 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. The firm’s 50 day moving average is $26.77 and its 200-day moving average is $34.84. The firm has a market capitalization of $868.09 million, a price-to-earnings ratio of 13.59 and a beta of 1.44.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The firm had revenue of $353.85 million during the quarter, compared to analysts’ expectations of $347.39 million. During the same quarter in the previous year, the company posted $0.62 EPS. Gentherm’s revenue was down .6% on a year-over-year basis. Sell-side analysts forecast 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.