Sei Investments Co. lifted its holdings in Gentherm Inc (NASDAQ:THRM – Free Report) by 33.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 106,580 shares of the auto parts company’s stock after buying an additional 26,784 shares during the period. Sei Investments Co.’s holdings in Gentherm were worth $2,961,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in THRM. Farther Finance Advisors LLC lifted its stake in Gentherm by 160.3% in the fourth 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. Los Angeles Capital Management LLC acquired a new stake in shares of Gentherm during the 4th quarter worth approximately $35,000. Eagle Bay Advisors LLC bought a new stake in shares of Gentherm in the 4th quarter valued at $50,000. Palladiem LLC bought a new stake in shares of Gentherm in the 4th quarter valued at $52,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Gentherm by 232.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock valued at $89,000 after acquiring an additional 2,204 shares during the period. Institutional investors own 97.13% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Weiss Ratings raised shares of Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Roth Capital reaffirmed a “buy” rating and issued a $50.00 price target on shares of Gentherm in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Gentherm from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Robert W. Baird increased their price objective on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on Gentherm from $41.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.80.
Insider Buying and Selling
In other news, SVP Wayne S. Kauffman III sold 4,700 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $43.21, for a total value of $203,087.00. Following the completion of the sale, the senior vice president directly owned 27,421 shares of the company’s stock, valued at $1,184,861.41. This represents a 14.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.
Gentherm Stock Up 2.1%
Gentherm stock opened at $41.26 on Friday. Gentherm Inc has a 1-year low of $27.00 and a 1-year high of $48.35. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 47.43 and a beta of 1.35. The firm’s fifty day moving average price is $37.26 and its two-hundred day moving average price is $33.21. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38.
Gentherm (NASDAQ:THRM – Get Free Report) last posted its earnings results on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.56 by $0.19. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. The company had revenue of $404.94 million during the quarter, compared to the consensus estimate of $382.90 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities research analysts predict that Gentherm Inc will post 2.92 earnings per share for the current fiscal year.
Gentherm announced that its Board of Directors has initiated a stock buyback program on Thursday, July 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the auto parts company to reacquire up to 36.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
About Gentherm
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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