Forward Management LLC Has $210,000 Position in Gentherm Inc (THRM)
Forward Management LLC increased its stake in shares of Gentherm Inc (NASDAQ:THRM) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,409 shares of the auto parts company’s stock after buying an additional 305 shares during the period. Forward Management LLC’s holdings in Gentherm were worth $210,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in shares of Gentherm during the first quarter valued at about $124,000. First Bank & Trust increased its stake in shares of Gentherm by 5.2% in the first quarter. First Bank & Trust now owns 3,371 shares of the auto parts company’s stock valued at $132,000 after buying an additional 166 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Gentherm by 17.8% in the first quarter. Victory Capital Management Inc. now owns 3,975 shares of the auto parts company’s stock valued at $156,000 after buying an additional 602 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Gentherm by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the auto parts company’s stock valued at $158,000 after buying an additional 90 shares during the last quarter. Finally, Cim Investment Mangement Inc. bought a new stake in shares of Gentherm during the first quarter valued at about $202,000. Institutional investors and hedge funds own 98.04% of the company’s stock.
Gentherm Inc (THRM) opened at 30.45 on Friday. The company has a market capitalization of $1.12 billion, a PE ratio of 13.97 and a beta of 1.93. Gentherm Inc has a 12 month low of $26.60 and a 12 month high of $40.80. The company has a 50-day moving average price of $36.81 and a 200 day moving average price of $36.81.
Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by $0.38. The business had revenue of $243.40 million for the quarter, compared to analyst estimates of $244.48 million. Gentherm had a return on equity of 16.34% and a net margin of 8.34%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, equities research analysts forecast that Gentherm Inc will post $2.00 EPS for the current fiscal year.
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Several brokerages have recently issued reports on THRM. Zacks Investment Research downgraded shares of Gentherm from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. BMO Capital Markets raised their price objective on shares of Gentherm from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. BidaskClub downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Roth Capital set a $33.00 price objective on shares of Gentherm and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, Craig Hallum downgraded shares of Gentherm from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $44.00 to $38.00 in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Gentherm presently has an average rating of “Hold” and an average price target of $40.75.
In other Gentherm news, VP Erin Erwine Ascher sold 1,800 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $933,773.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.
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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