Legato Capital Management LLC Boosts Stock Holdings in Gentherm Inc $THRM

Legato Capital Management LLC boosted its stake in shares of Gentherm Inc (NASDAQ:THRM) by 157.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,874 shares of the auto parts company’s stock after acquiring an additional 37,223 shares during the period. Legato Capital Management LLC’s holdings in Gentherm were worth $2,214,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of THRM. Farther Finance Advisors LLC grew its stake in Gentherm by 160.3% during the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 500 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in Gentherm during the fourth quarter valued at $50,000. Nisa Investment Advisors LLC grew its stake in Gentherm by 21.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock valued at $73,000 after acquiring an additional 353 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Gentherm by 232.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock valued at $89,000 after acquiring an additional 2,204 shares in the last quarter. Finally, iSAM Funds UK Ltd purchased a new position in Gentherm during the third quarter valued at $111,000. 97.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on THRM shares. Roth Mkm cut their target price on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Argus raised shares of Gentherm to a “hold” rating in a research note on Friday, February 27th. Robert W. Baird raised their target price 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. JPMorgan Chase & Co. raised their target price on shares of Gentherm from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Loop Capital set a $38.00 price objective on shares of Gentherm in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $37.40.

Gentherm Stock Performance

Shares of NASDAQ:THRM opened at $32.74 on Friday. Gentherm Inc has a 52 week low of $25.76 and a 52 week high of $39.48. The stock has a market capitalization of $1.00 billion, a P/E ratio of 43.65 and a beta of 1.35. The firm has a fifty day simple moving average of $29.31 and a two-hundred day simple moving average of $33.11. 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 (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, April 23rd. The auto parts company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.31. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The business had revenue of $393.71 million during the quarter, compared to analysts’ expectations of $363.82 million. During the same period last year, the company posted $0.51 EPS. The business’s revenue was up 11.2% on a year-over-year basis. On average, analysts expect that Gentherm Inc will post 2.74 earnings per share for the current fiscal 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.