Paradigm Capital Management Inc. NY Makes New Investment in Gentherm Inc $THRM

Paradigm Capital Management Inc. NY purchased a new position in shares of Gentherm Inc (NASDAQ:THRMFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,000 shares of the auto parts company’s stock, valued at approximately $512,000.

A number of other large investors have also recently added to or reduced their stakes in THRM. BlackRock Inc. acquired a new position in shares of Gentherm in the 2nd quarter valued at $165,005,000. Vanguard Group Inc. lifted its holdings in shares of Gentherm by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 3,332,197 shares of the auto parts company’s stock worth $121,192,000 after acquiring an additional 29,214 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Gentherm by 7.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,474,493 shares of the auto parts company’s stock worth $40,960,000 after acquiring an additional 96,280 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Gentherm during the 2nd quarter worth approximately $27,822,000. Finally, Ameriprise Financial Inc. raised its position in Gentherm by 42.8% in the third quarter. Ameriprise Financial Inc. now owns 635,066 shares of the auto parts company’s stock valued at $21,630,000 after purchasing an additional 190,432 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

THRM has been the subject of a number of research reports. Weiss Ratings raised Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Zacks Research raised shares of Gentherm from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Roth Capital reaffirmed a “buy” rating and set a $50.00 target price on shares of Gentherm in a research note on Wednesday, July 29th. Freedom Capital cut shares of Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Finally, Wall Street Zen downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. One equities research 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.80.

Read Our Latest Research Report on Gentherm

Insider Activity at Gentherm

In related news, SVP Wayne S. Kauffman III sold 4,700 shares of Gentherm stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $43.21, for a total transaction of $203,087.00. Following the sale, the senior vice president directly owned 27,421 shares in the company, valued at $1,184,861.41. This trade represents a 14.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by company insiders.

Gentherm Stock Down 2.5%

Gentherm stock opened at $39.45 on Tuesday. The stock has a market cap of $1.21 billion, a PE ratio of 45.34 and a beta of 1.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.06 and a quick ratio of 1.49. The stock’s fifty day moving average is $38.42 and its two-hundred day moving average is $33.68. Gentherm Inc has a 1-year low of $27.00 and a 1-year high of $48.35.

Gentherm (NASDAQ:THRMGet Free Report) last released its quarterly earnings data on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.19. Gentherm had a return on equity of 12.06% and a net margin of 1.68%.The business had revenue of $404.94 million for the quarter, compared to the consensus estimate of $382.90 million. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, sell-side analysts expect that Gentherm Inc will post 2.92 EPS for the current fiscal year.

Gentherm declared that its Board of Directors has initiated a share repurchase program on Thursday, July 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the auto parts company to purchase up to 36.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Gentherm Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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