Van Berkom & Associates Inc. Boosts Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

Van Berkom & Associates Inc. lifted its stake in Gentherm Incorporated (NASDAQ:THRM) by 0.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,380,871 shares of the auto parts company’s stock after buying an additional 2,121 shares during the period. Van Berkom & Associates Inc.’s holdings in Gentherm were worth $55,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC increased its stake in Gentherm by 234.8% in the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock worth $2,861,000 after purchasing an additional 43,108 shares during the period. Global Alpha Capital Management Ltd. grew its holdings in shares of Gentherm by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after purchasing an additional 116,500 shares during the last quarter. Raymond James & Associates increased its stake in shares of Gentherm by 18.9% in the third quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock worth $5,980,000 after buying an additional 20,401 shares during the period. JPMorgan Chase & Co. raised its holdings in Gentherm by 46.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company’s stock valued at $3,158,000 after buying an additional 21,376 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Gentherm by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock valued at $21,452,000 after buying an additional 5,754 shares during the period. Institutional investors own 97.13% of the company’s stock.

Insider Activity at Gentherm

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the completion of the transaction, the senior vice president now owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This trade represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the sale, the senior vice president now owns 18,947 shares in the company, valued at approximately $795,774. This trade represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on THRM shares. JPMorgan Chase & Co. decreased their price objective on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Craig Hallum reduced their price target on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. StockNews.com upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Robert W. Baird reduced their target price on Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday.

Gentherm Trading Up 0.3 %

Shares of THRM opened at $33.45 on Friday. Gentherm Incorporated has a 1-year low of $30.25 and a 1-year high of $62.93. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $38.48 and its 200-day moving average price is $42.94. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 15.63 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.39). Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The firm had revenue of $352.91 million for the quarter, compared to the consensus estimate of $360.29 million. During the same period in the previous year, the firm posted $0.90 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. Sell-side analysts anticipate that Gentherm Incorporated will post 2.72 EPS for the current year.

Gentherm Company 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.