Gentherm Inc $THRM Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lifted its position in shares of Gentherm Inc (NASDAQ:THRM) by 200.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 25,500 shares of the auto parts company’s stock after buying an additional 17,000 shares during the period. Gamco Investors INC. ET AL owned 0.08% of Gentherm worth $708,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in Gentherm by 160.3% in 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. Los Angeles Capital Management LLC acquired a new stake in shares of Gentherm during the fourth quarter worth $35,000. Eagle Bay Advisors LLC purchased a new stake in shares of Gentherm in the fourth quarter valued at $50,000. Palladiem LLC acquired a new position in Gentherm in the fourth quarter valued at $52,000. Finally, Nisa Investment Advisors LLC lifted its position 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 worth $73,000 after buying an additional 353 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on THRM. Weiss Ratings upgraded Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th. Freedom Capital cut shares of Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Wall Street Zen raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Stifel Nicolaus boosted their target price on shares of Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a report on Friday. Finally, Robert W. Baird upped their price target on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Gentherm presently has an average rating of “Hold” and a consensus price target of $43.60.

Gentherm Price Performance

Shares of Gentherm stock opened at $42.08 on Wednesday. The business’s fifty day moving average price is $35.92 and its 200 day moving average price is $32.97. Gentherm Inc has a twelve month low of $27.00 and a twelve month high of $48.35. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $1.29 billion, a P/E ratio of 48.37 and a beta of 1.38.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.56 by $0.19. The company had revenue of $404.94 million during the quarter, compared to analyst estimates of $382.90 million. Gentherm had a return on equity of 12.06% and a net margin of 1.68%.The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. As a group, research analysts anticipate that Gentherm Inc will post 2.84 earnings per share for the current year.

Gentherm declared that its board has approved a stock buyback plan on Thursday, July 23rd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the auto parts company to buy up to 36.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Gentherm 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.