Gentherm Inc (THRM) Holdings Increased by Evermore Global Advisors LLC
Evermore Global Advisors LLC raised its holdings in Gentherm Inc (NASDAQ:THRM) by 259.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,400 shares of the auto parts company’s stock after buying an additional 200,900 shares during the quarter. Gentherm makes up approximately 5.3% of Evermore Global Advisors LLC’s holdings, making the stock its 12th largest holding. Evermore Global Advisors LLC owned 0.80% of Gentherm worth $12,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the business. grace capital acquired a new position in shares of Gentherm in the 2nd quarter valued at about $157,000. Zions Bancorporation lifted its stake in shares of Gentherm by 55.2% in the 2nd quarter. Zions Bancorporation now owns 4,275 shares of the auto parts company’s stock valued at $168,000 after purchasing an additional 1,520 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Gentherm by 59.0% in the 2nd quarter. Sei Investments Co. now owns 4,915 shares of the auto parts company’s stock valued at $193,000 after purchasing an additional 1,824 shares in the last quarter. First Mercantile Trust Co. lifted its stake in shares of Gentherm by 634.3% in the 2nd quarter. First Mercantile Trust Co. now owns 5,140 shares of the auto parts company’s stock valued at $202,000 after purchasing an additional 4,440 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in shares of Gentherm in the 2nd quarter valued at about $212,000.
Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Gentherm from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. BidaskClub raised Gentherm from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. TheStreet lowered Gentherm from a “b” rating to a “c” rating in a research note on Thursday, October 25th. ValuEngine raised Gentherm from a “hold” rating to a “buy” rating in a research note on Saturday, October 27th. Finally, Barrington Research set a $50.00 price objective on Gentherm and gave the company a “buy” rating in a research note on Monday, October 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $44.20.
Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, October 25th. The auto parts company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). The company had revenue of $258.94 million for the quarter, compared to analyst estimates of $261.61 million. Gentherm had a return on equity of 14.28% and a net margin of 2.31%. Sell-side analysts expect that Gentherm Inc will post 2.24 EPS for the current year.
In related news, insider Frithjof Oldorff sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $49.15, for a total transaction of $983,000.00. Following the transaction, the insider now directly owns 57,442 shares of the company’s stock, valued at approximately $2,823,274.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.
Gentherm Company Profile
Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.
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