Intech Investment Management LLC Acquires 24,095 Shares of Gentherm Inc $THRM

Intech Investment Management LLC lifted its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 118.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,502 shares of the auto parts company’s stock after acquiring an additional 24,095 shares during the quarter. Intech Investment Management LLC’s holdings in Gentherm were worth $1,619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in 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 during the period. Eagle Bay Advisors LLC bought a new position in shares of Gentherm during the 4th quarter worth approximately $50,000. Nisa Investment Advisors LLC boosted its stake in shares of Gentherm by 21.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock worth $73,000 after acquiring an additional 353 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Gentherm by 232.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock worth $89,000 after acquiring an additional 2,204 shares during the period. Finally, iSAM Funds UK Ltd bought a new position in shares of Gentherm during the 3rd quarter worth approximately $111,000. 97.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on THRM. Loop Capital set a $38.00 target price on Gentherm in a research note on Wednesday, February 25th. Argus upgraded Gentherm to a “hold” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. lifted their target price on Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Robert W. Baird boosted their price target on Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Stifel Nicolaus boosted their price target on Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $37.40.

Gentherm Stock Performance

THRM opened at $37.93 on Friday. The business has a fifty day simple moving average of $30.64 and a 200 day simple moving average of $33.01. The company has a market capitalization of $1.16 billion, a PE ratio of 50.57 and a beta of 1.38. Gentherm Inc has a 1 year low of $26.92 and a 1 year high of $39.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.97 and a quick ratio of 1.36.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.31. The business had revenue of $393.71 million during the quarter, compared to the consensus estimate of $363.82 million. Gentherm had a return on equity of 11.25% and a net margin of 1.47%.The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. Research analysts expect that Gentherm Inc will post 2.74 EPS for the current year.

About Gentherm

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.