Russell Investments Group Ltd. increased its stake in Gentherm Inc (NASDAQ:THRM) by 5.0% during the second quarter, Holdings Channel reports. The fund owned 321,952 shares of the auto parts company’s stock after buying an additional 15,211 shares during the period. Russell Investments Group Ltd.’s holdings in Gentherm were worth $12,492,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of THRM. BlackRock Inc. increased its stake in shares of Gentherm by 152,589.9% in the first quarter. BlackRock Inc. now owns 4,608,180 shares of the auto parts company’s stock valued at $180,872,000 after buying an additional 4,605,162 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Gentherm by 7.3% in the first quarter. Vanguard Group Inc. now owns 3,212,182 shares of the auto parts company’s stock valued at $126,078,000 after buying an additional 218,171 shares in the last quarter. Van Berkom & Associates Inc. increased its stake in shares of Gentherm by 2.9% in the second quarter. Van Berkom & Associates Inc. now owns 1,850,238 shares of the auto parts company’s stock valued at $71,789,000 after buying an additional 51,960 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Gentherm by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,455,672 shares of the auto parts company’s stock valued at $57,134,000 after buying an additional 89,183 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of 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 valued at $47,214,000 after buying an additional 84,240 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Gentherm Inc (THRM) traded up 0.33% during trading on Friday, hitting $30.45. The stock had a trading volume of 466,893 shares. The firm has a market cap of $1.12 billion, a PE ratio of 13.97 and a beta of 1.93. Gentherm Inc has a 52-week low of $26.60 and a 52-week high of $40.80. The company’s 50 day moving average is $36.81 and its 200 day moving average is $36.81.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data 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 firm had revenue of $243.40 million during 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 company’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. Equities research analysts forecast that Gentherm Inc will post $2.00 earnings per share for the current year.

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Several brokerages have commented on THRM. Zacks Investment Research downgraded Gentherm from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. BMO Capital Markets increased their target price on Gentherm from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. BidaskClub downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Roth Capital set a $33.00 target price on Gentherm and gave the company a “hold” rating in a research note on Friday, July 28th. Finally, Craig Hallum downgraded Gentherm from a “buy” rating to a “hold” rating and cut their target price for the company from $44.00 to $38.00 in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus 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 dated Friday, June 2nd. The shares were sold at an average price of $39.17, for a total value of $70,506.00. Following the completion of the transaction, the vice president now owns 23,839 shares in the company, valued at $933,773.63. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

About Gentherm

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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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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