Hillsdale Investment Management Inc. Takes $1.02 Million Position in Gentherm Inc $THRM

Hillsdale Investment Management Inc. acquired a new stake in shares of Gentherm Inc (NASDAQ:THRMFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,925 shares of the auto parts company’s stock, valued at approximately $1,016,000. Hillsdale Investment Management Inc. owned 0.09% of Gentherm as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its stake in shares of Gentherm by 21.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock valued at $73,000 after buying an additional 353 shares during the period. Caxton Associates LLP grew its stake in shares of Gentherm by 4.7% during the 3rd quarter. Caxton Associates LLP now owns 8,294 shares of the auto parts company’s stock valued at $282,000 after buying an additional 372 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Gentherm by 160.3% during the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock valued at $30,000 after buying an additional 500 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Gentherm by 6.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 8,500 shares of the auto parts company’s stock valued at $309,000 after buying an additional 500 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its stake in shares of Gentherm by 1.3% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 41,018 shares of the auto parts company’s stock valued at $1,492,000 after buying an additional 509 shares during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Stock Performance

Shares of THRM stock opened at $35.58 on Tuesday. Gentherm Inc has a 12 month low of $25.76 and a 12 month high of $39.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.97 and a quick ratio of 1.36. The firm has a market capitalization of $1.09 billion, a P/E ratio of 47.44 and a beta of 1.38. The company’s fifty day moving average price is $30.08 and its two-hundred day moving average price is $32.98.

Gentherm (NASDAQ:THRMGet Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The auto parts company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.31. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The firm had revenue of $393.71 million for the quarter, compared to analyst estimates of $363.82 million. During the same quarter in the previous year, the business posted $0.51 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. On average, research analysts anticipate that Gentherm Inc will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on THRM shares. Robert W. Baird boosted their price objective on shares of Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Stifel Nicolaus lifted their target price on shares of Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a report on Friday, April 24th. Argus upgraded shares of Gentherm to a “hold” rating in a report on Friday, February 27th. JPMorgan Chase & Co. lifted their target price on shares of Gentherm from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Loop Capital set a $38.00 target price on shares of Gentherm in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $37.40.

Check Out Our Latest Stock Report on Gentherm

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.

Further Reading

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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