Vanguard Group Inc. grew its holdings in Gentherm Inc (NASDAQ:THRM – Free Report) by 0.9% in the 4th quarter, according to its most recent disclosure 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 quarter. Vanguard Group Inc. owned 0.11% of Gentherm worth $121,192,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of THRM. SummerHaven Investment Management LLC acquired a new stake in Gentherm during the third quarter worth about $929,000. SG Americas Securities LLC raised its holdings in Gentherm by 269.4% in the 3rd quarter. SG Americas Securities LLC now owns 37,353 shares of the auto parts company’s stock valued at $1,272,000 after acquiring an additional 27,241 shares in the last quarter. Harvey Partners LLC lifted its position in shares of Gentherm by 72.6% in the 3rd quarter. Harvey Partners LLC now owns 1,024,500 shares of the auto parts company’s stock worth $34,894,000 after acquiring an additional 431,072 shares during the period. Segall Bryant & Hamill LLC grew its holdings in shares of Gentherm by 46.7% during the 3rd 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. Finally, American Century Companies Inc. grew its holdings in shares of Gentherm by 36.1% during the 3rd quarter. American Century Companies Inc. now owns 513,791 shares of the auto parts company’s stock worth $17,500,000 after purchasing an additional 136,401 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on THRM shares. Argus raised Gentherm to a “hold” rating in a report on Friday, February 27th. Loop Capital set a $38.00 target price on Gentherm in a research note on Wednesday, February 25th. Wall Street Zen raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Weiss Ratings raised shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Finally, Stifel Nicolaus lifted their price target on Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.20.
Gentherm Trading Down 0.6%
THRM stock opened at $30.30 on Wednesday. Gentherm Inc has a one year low of $25.76 and a one year high of $39.48. The stock has a market cap of $929.21 million, a price-to-earnings ratio of 40.40 and a beta of 1.35. The company has a fifty day moving average price of $29.17 and a two-hundred day moving average price of $33.42. 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 (NASDAQ:THRM – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.31. The company had revenue of $393.71 million for the quarter, compared to analyst estimates of $363.82 million. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. Equities analysts anticipate that Gentherm Inc will post 2.68 EPS for the current year.
Gentherm Company Profile
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.
See Also
- Five stocks we like better than Gentherm
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
Want to see what other hedge funds are holding THRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gentherm Inc (NASDAQ:THRM – Free Report).
Receive News & Ratings for Gentherm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentherm and related companies with MarketBeat.com's FREE daily email newsletter.
