Gentherm Inc $THRM Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its position in Gentherm Inc (NASDAQ:THRM) by 639.3% in the first quarter, Holdings Channel reports. The institutional investor owned 206,446 shares of the auto parts company’s stock after purchasing an additional 178,521 shares during the period. Hillsdale Investment Management Inc.’s holdings in Gentherm were worth $5,735,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in shares of Gentherm by 160.3% during the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 500 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Gentherm during the 4th quarter valued at about $35,000. Eagle Bay Advisors LLC purchased a new position in shares of Gentherm in the 4th quarter valued at about $50,000. Palladiem LLC purchased a new position in shares of Gentherm in the 4th quarter valued at about $52,000. Finally, Nisa Investment Advisors LLC raised its holdings in Gentherm by 21.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock worth $73,000 after purchasing an additional 353 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on THRM shares. JPMorgan Chase & Co. increased their price target on Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Stifel Nicolaus boosted their price objective on Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Robert W. Baird lifted their price target on shares of Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Roth Capital cut their price target on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Gentherm presently has a consensus rating of “Hold” and a consensus target price of $37.40.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $35.89 on Wednesday. The firm has a 50-day simple moving average of $34.25 and a 200-day simple moving average of $32.85. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 47.85 and a beta of 1.38. The company has a quick ratio of 1.36, a current ratio of 1.97 and a debt-to-equity ratio of 0.31. Gentherm Inc has a 52 week low of $27.00 and a 52 week high of $39.48.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.31. The firm had revenue of $393.71 million for the quarter, compared to the consensus estimate of $363.81 million. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. On average, equities analysts predict that Gentherm Inc will post 2.75 earnings per share for the current fiscal year.

Gentherm Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.