Gentherm Inc (THRM) Position Maintained by Swiss National Bank
Swiss National Bank held its position in shares of Gentherm Inc (NASDAQ:THRM) during the first quarter, Holdings Channel reports. The institutional investor owned 60,000 shares of the auto parts company’s stock at the end of the first quarter. Swiss National Bank’s holdings in Gentherm were worth $2,355,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Forward Management LLC increased its position in shares of Gentherm by 5.0% in the first quarter. Forward Management LLC now owns 5,104 shares of the auto parts company’s stock worth $201,000 after buying an additional 245 shares in the last quarter. Comerica Bank increased its position in Gentherm by 30.4% in the first quarter. Comerica Bank now owns 50,726 shares of the auto parts company’s stock worth $1,950,000 after buying an additional 11,823 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Gentherm by 10.7% in the first quarter. BNP Paribas Arbitrage SA now owns 7,465 shares of the auto parts company’s stock worth $293,000 after buying an additional 719 shares in the last quarter. Bank of New York Mellon Corp increased its position in Gentherm by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 1,202,882 shares of the auto parts company’s stock worth $47,214,000 after buying an additional 84,240 shares in the last quarter. Finally, HPM Partners LLC purchased a new position in Gentherm during the first quarter worth approximately $299,000. Institutional investors own 98.81% of the company’s stock.
Shares of Gentherm Inc (NASDAQ:THRM) opened at 38.30 on Tuesday. Gentherm Inc has a 12 month low of $26.60 and a 12 month high of $39.90. The company has a market cap of $1.41 billion, a PE ratio of 15.63 and a beta of 1.89. The firm’s 50-day moving average price is $37.99 and its 200-day moving average price is $36.08.
Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, April 27th. The auto parts company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The business had revenue of $249.30 million for the quarter, compared to analyst estimates of $240.57 million. Gentherm had a return on equity of 19.53% and a net margin of 9.47%. The firm’s revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS. Equities analysts predict that Gentherm Inc will post $2.52 EPS for the current fiscal year.
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THRM has been the topic of a number of research reports. FBR & Co restated an “outperform” rating and issued a $45.00 price objective on shares of Gentherm in a report on Wednesday, May 31st. Barrington Research increased their price objective on Gentherm from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. ValuEngine downgraded Gentherm from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Gentherm from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Wednesday, May 3rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $44.00 price objective (up previously from $42.00) on shares of Gentherm in a report on Wednesday, May 3rd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $41.88.
In related news, VP Kenneth John Phillips sold 19,500 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $37.74, for a total transaction of $735,930.00. Following the transaction, the vice president now directly owns 55,108 shares of the company’s stock, valued at approximately $2,079,775.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Erin Erwine Ascher sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $39.17, for a total value of $70,506.00. Following the transaction, the vice president now directly owns 23,839 shares in the company, valued at $933,773.63. The disclosure for this sale can be found here. Insiders have sold a total of 36,300 shares of company stock worth $1,370,286 over the last three months. 2.30% of the stock is owned by insiders.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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