Trigran Investments Inc. increased its position in shares of Gentherm Inc (NASDAQ:THRM) by 16.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 548,507 shares of the auto parts company’s stock after purchasing an additional 76,206 shares during the quarter. Gentherm makes up about 5.5% of Trigran Investments Inc.’s holdings, making the stock its 9th biggest position. Trigran Investments Inc. owned approximately 1.49% of Gentherm worth $21,282,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in 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 acquiring an additional 4,605,162 shares during the last quarter. Snow Capital Management LP boosted its stake in Gentherm by 612.6% in the first quarter. Snow Capital Management LP now owns 256,545 shares of the auto parts company’s stock valued at $10,069,000 after acquiring an additional 220,545 shares during the last quarter. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 218,171 shares during the last quarter. Kennedy Capital Management Inc. boosted its stake in Gentherm by 37.4% in the first quarter. Kennedy Capital Management Inc. now owns 389,964 shares of the auto parts company’s stock valued at $15,306,000 after acquiring an additional 106,228 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Gentherm by 52.5% in the first quarter. Russell Investments Group Ltd. now owns 306,741 shares of the auto parts company’s stock valued at $12,040,000 after acquiring an additional 105,551 shares during the last quarter. Institutional investors and hedge funds own 96.75% of the company’s stock.
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Shares of Gentherm Inc (THRM) traded up 0.90% during mid-day trading on Friday, hitting $33.65. 285,290 shares of the company were exchanged. The company has a 50 day moving average of $31.40 and a 200 day moving average of $36.03. The company has a market capitalization of $1.24 billion, a P/E ratio of 15.44 and a beta of 1.94. Gentherm Inc has a 52 week low of $26.60 and a 52 week high of $40.80.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.38). The business had revenue of $243.40 million during the quarter, compared to analysts’ expectations of $244.48 million. Gentherm had a return on equity of 16.34% and a net margin of 8.34%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. Equities analysts anticipate that Gentherm Inc will post $2.01 earnings per share for the current year.
THRM has been the topic of a number of research analyst reports. FBR & Co reiterated an “outperform” rating and issued a $45.00 target price on shares of Gentherm in a research note on Wednesday, May 31st. ValuEngine cut shares of Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research upgraded shares of Gentherm from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Friday, July 7th. Finally, BMO Capital Markets boosted their target price on shares of Gentherm from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $40.75.
Gentherm Company Profile
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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