GW&K Investment Management LLC Has $49.04 Million Stock Position in Gentherm Incorporated (NASDAQ:THRM)

GW&K Investment Management LLC lifted its position in shares of Gentherm Incorporated (NASDAQ:THRMGet Rating) by 11.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 564,331 shares of the auto parts company’s stock after buying an additional 57,949 shares during the quarter. GW&K Investment Management LLC’s holdings in Gentherm were worth $49,041,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in Gentherm by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 320,262 shares of the auto parts company’s stock valued at $27,831,000 after purchasing an additional 3,996 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Gentherm by 1,844.6% in the fourth quarter. JPMorgan Chase & Co. now owns 903,014 shares of the auto parts company’s stock valued at $78,471,000 after purchasing an additional 856,576 shares in the last quarter. Pictet Asset Management SA acquired a new position in Gentherm during the fourth quarter worth about $201,000. Citigroup Inc. raised its stake in Gentherm by 15.0% during the fourth quarter. Citigroup Inc. now owns 33,863 shares of the auto parts company’s stock worth $2,943,000 after acquiring an additional 4,410 shares in the last quarter. Finally, TD Asset Management Inc. raised its stake in Gentherm by 78.6% during the fourth quarter. TD Asset Management Inc. now owns 40,790 shares of the auto parts company’s stock worth $3,545,000 after acquiring an additional 17,955 shares in the last quarter. 99.08% of the stock is owned by institutional investors.

Several brokerages have commented on THRM. Roth Capital reissued a “buy” rating on shares of Gentherm in a research note on Thursday, May 5th. Zacks Investment Research raised Gentherm from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 10th. Finally, StockNews.com initiated coverage on Gentherm in a research note on Thursday, March 31st. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Gentherm has a consensus rating of “Buy” and a consensus price target of $100.67.

THRM stock traded down $1.23 during trading on Friday, hitting $65.50. The company had a trading volume of 141,351 shares, compared to its average volume of 156,920. The business has a 50-day moving average of $69.28 and a 200-day moving average of $79.76. Gentherm Incorporated has a one year low of $60.89 and a one year high of $99.00. The stock has a market cap of $2.17 billion, a PE ratio of 30.32 and a beta of 1.22. The company has a current ratio of 2.47, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.

Gentherm (NASDAQ:THRMGet Rating) last announced its earnings results on Wednesday, May 4th. The auto parts company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.06). Gentherm had a net margin of 7.05% and a return on equity of 12.20%. The company had revenue of $267.70 million during the quarter, compared to the consensus estimate of $254.31 million. During the same quarter in the previous year, the company earned $1.04 earnings per share. The business’s revenue was down 7.2% on a year-over-year basis. Research analysts forecast that Gentherm Incorporated will post 2.61 EPS for the current year.

About Gentherm (Get Rating)

Gentherm Incorporated designs, develops, manufactures, and markets thermal management technologies. 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 that utilize proprietary electronics technology and software; and other climate comfort systems, including neck conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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