Allspring Global Investments Holdings LLC Acquires 1,668 Shares of Gentherm Incorporated (NASDAQ:THRM)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,687 shares of the auto parts company’s stock after buying an additional 1,668 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Gentherm were worth $455,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Gentherm in the third quarter worth approximately $404,000. Linden Thomas Advisory Services LLC boosted its position in shares of Gentherm by 25.8% in the third quarter. Linden Thomas Advisory Services LLC now owns 4,612 shares of the auto parts company’s stock worth $250,000 after purchasing an additional 947 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Gentherm by 1.2% in the third quarter. Harbor Capital Advisors Inc. now owns 20,908 shares of the auto parts company’s stock worth $1,134,000 after purchasing an additional 251 shares during the period. Raymond James & Associates boosted its position in shares of Gentherm by 0.5% in the third quarter. Raymond James & Associates now owns 104,144 shares of the auto parts company’s stock worth $5,651,000 after purchasing an additional 469 shares during the period. Finally, Eagle Ridge Investment Management boosted its position in shares of Gentherm by 5.3% in the third quarter. Eagle Ridge Investment Management now owns 6,272 shares of the auto parts company’s stock worth $340,000 after purchasing an additional 316 shares during the period. 97.13% of the stock is currently owned by institutional investors.

Gentherm Price Performance

Gentherm stock opened at $50.01 on Friday. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 40.66 and a beta of 1.49. The firm’s fifty day moving average is $54.36 and its 200 day moving average is $50.62. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.34. Gentherm Incorporated has a 52-week low of $38.21 and a 52-week high of $66.54.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Wednesday, February 21st. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.36. The company had revenue of $366.93 million for the quarter, compared to the consensus estimate of $364.40 million. Gentherm had a net margin of 2.75% and a return on equity of 12.91%. Gentherm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Sell-side analysts forecast that Gentherm Incorporated will post 2.81 EPS for the current fiscal year.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $55.17, for a total transaction of $827,550.00. Following the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $8,127,478.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.91% of the company’s stock.

Wall Street Analyst Weigh In

THRM has been the topic of several research analyst reports. Robert W. Baird boosted their target price on shares of Gentherm from $60.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. lowered their target price on shares of Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a report on Monday. Finally, StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.00.

Gentherm 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.