Kennedy Capital Management LLC Makes New $3.66 Million Investment in Gentherm Inc $THRM

Kennedy Capital Management LLC acquired a new stake in shares of Gentherm Inc (NASDAQ:THRM) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 129,444 shares of the auto parts company’s stock, valued at approximately $3,662,000.

A number of other large investors have also modified their holdings of the company. Invesco Ltd. increased its holdings in Gentherm by 11.0% in the 2nd quarter. Invesco Ltd. now owns 306,825 shares of the auto parts company’s stock valued at $8,680,000 after buying an additional 30,324 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Gentherm by 92.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 111,929 shares of the auto parts company’s stock worth $3,166,000 after acquiring an additional 53,725 shares during the period. Wealthedge Investment Advisors LLC acquired a new stake in shares of Gentherm during the 2nd quarter valued at about $512,000. Norges Bank bought a new stake in Gentherm in the second quarter valued at about $854,000. Finally, Hsbc Holdings PLC bought a new stake in Gentherm in the second quarter valued at about $526,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Gentherm from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, October 20th. Roth Capital reaffirmed a “buy” rating and issued a $44.00 price target on shares of Gentherm in a research note on Friday, October 24th. Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Robert W. Baird set a $42.00 price objective on Gentherm in a report on Friday, October 24th. Finally, Weiss Ratings lowered shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Gentherm has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Gentherm Trading Down 1.6%

Shares of THRM opened at $36.46 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.33 and a current ratio of 1.96. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 36.46 and a beta of 1.38. The stock has a fifty day moving average price of $35.56 and a two-hundred day moving average price of $33.16. Gentherm Inc has a 52-week low of $22.75 and a 52-week high of $43.99.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, October 23rd. The auto parts company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. Gentherm had a return on equity of 9.55% and a net margin of 2.08%.The company had revenue of $386.87 million during the quarter, compared to analyst estimates of $374.75 million. During the same period last year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. Analysts predict that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Gentherm 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.