Vanguard Group Inc. Raises Position in Gentherm Incorporated (NASDAQ:THRM)

Vanguard Group Inc. raised its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,667,551 shares of the auto parts company’s stock after buying an additional 74,758 shares during the period. Vanguard Group Inc. owned about 0.12% of Gentherm worth $146,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in Gentherm by 0.3% during the 4th quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company’s stock valued at $3,623,000 after acquiring an additional 277 shares during the period. Captrust Financial Advisors increased its stake in Gentherm by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 8,296 shares of the auto parts company’s stock worth $386,000 after purchasing an additional 314 shares during the period. Signaturefd LLC lifted its position in Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 463 shares during the last quarter. Quarry LP boosted its stake in shares of Gentherm by 952.9% during the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 486 shares during the period. Finally, KBC Group NV grew its holdings in shares of Gentherm by 82.2% in the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after purchasing an additional 822 shares during the last quarter. 97.13% of the stock is owned by institutional investors.

Gentherm Stock Down 2.2 %

Shares of NASDAQ:THRM opened at $24.67 on Tuesday. The firm has a market capitalization of $759.56 million, a P/E ratio of 11.92 and a beta of 1.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The stock has a 50 day moving average price of $32.64 and a 200-day moving average price of $38.61. Gentherm Incorporated has a 52-week low of $23.63 and a 52-week high of $56.72.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The firm had revenue of $352.91 million during the quarter, compared to the consensus estimate of $360.29 million. During the same quarter last year, the company posted $0.90 EPS. Gentherm’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Analyst Ratings Changes

THRM has been the subject of several recent analyst reports. StockNews.com downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. decreased their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, Robert W. Baird reduced their price objective on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th.

About Gentherm

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.