Royce & Associates LP Buys New Stake in Gentherm Inc $THRM

Royce & Associates LP bought a new stake in Gentherm Inc (NASDAQ:THRM) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 332,135 shares of the auto parts company’s stock, valued at approximately $12,080,000.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Gentherm by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 3,332,197 shares of the auto parts company’s stock valued at $121,192,000 after buying an additional 29,214 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Gentherm by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,361,684 shares of the auto parts company’s stock valued at $46,380,000 after buying an additional 18,259 shares during the last quarter. Harvey Partners LLC boosted its stake in Gentherm by 72.6% during the 3rd quarter. Harvey Partners LLC now owns 1,024,500 shares of the auto parts company’s stock worth $34,894,000 after purchasing an additional 431,072 shares during the period. Segall Bryant & Hamill LLC boosted its stake in Gentherm by 46.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 997,125 shares of the auto parts company’s stock worth $33,962,000 after purchasing an additional 317,246 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Gentherm by 42.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 635,066 shares of the auto parts company’s stock worth $21,630,000 after purchasing an additional 190,432 shares during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on THRM shares. Stifel Nicolaus increased their price target on shares of Gentherm from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Argus upgraded shares of Gentherm to a “hold” rating in a research note on Friday, February 27th. Roth Mkm decreased their price target 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. Finally, Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $37.40.

Gentherm Stock Up 2.8%

THRM stock opened at $34.71 on Thursday. Gentherm Inc has a one year low of $25.76 and a one year high of $39.48. The stock has a market capitalization of $1.06 billion, a PE ratio of 46.28 and a beta of 1.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.97. The company has a fifty day moving average of $29.65 and a 200-day moving average of $33.02.

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

Gentherm Company 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.