Gentherm Inc (THRM) Holdings Boosted by Pinebridge Investments L.P.

Pinebridge Investments L.P. boosted its position in shares of Gentherm Inc (NASDAQ:THRM) by 36.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,561 shares of the auto parts company’s stock after buying an additional 17,207 shares during the quarter. Pinebridge Investments L.P. owned 0.18% of Gentherm worth $2,050,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Voya Investment Management LLC increased its holdings in shares of Gentherm by 10.5% in the 2nd quarter. Voya Investment Management LLC now owns 16,509 shares of the auto parts company’s stock valued at $641,000 after acquiring an additional 1,569 shares during the period. American International Group Inc. raised its position in Gentherm by 5.8% in the third quarter. American International Group Inc. now owns 29,043 shares of the auto parts company’s stock worth $1,079,000 after acquiring an additional 1,591 shares in the last quarter. TD Asset Management Inc. raised its position in Gentherm by 3.2% in the third quarter. TD Asset Management Inc. now owns 52,024 shares of the auto parts company’s stock worth $1,933,000 after acquiring an additional 1,600 shares in the last quarter. Victory Capital Management Inc. raised its position in Gentherm by 37.4% in the third quarter. Victory Capital Management Inc. now owns 6,156 shares of the auto parts company’s stock worth $229,000 after acquiring an additional 1,677 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in Gentherm by 2.0% in the second quarter. California Public Employees Retirement System now owns 86,400 shares of the auto parts company’s stock worth $3,352,000 after acquiring an additional 1,700 shares in the last quarter. 98.47% of the stock is owned by institutional investors and hedge funds.

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Gentherm Inc (THRM) opened at $33.85 on Friday. Gentherm Inc has a 1-year low of $29.50 and a 1-year high of $40.80. The company has a market capitalization of $1,227.88, a P/E ratio of 35.26, a PEG ratio of 0.59 and a beta of 1.82. The company has a current ratio of 2.69, a quick ratio of 1.98 and a debt-to-equity ratio of 0.25.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Tuesday, February 20th. The auto parts company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. The company had revenue of $257.19 million during the quarter, compared to analyst estimates of $253.48 million. Gentherm had a return on equity of 11.81% and a net margin of 3.57%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. equities research analysts anticipate that Gentherm Inc will post 2.27 EPS for the current year.

Several brokerages have commented on THRM. Susquehanna Bancshares set a $35.00 price target on shares of Gentherm and gave the stock a “hold” rating in a research report on Wednesday. BidaskClub upgraded Gentherm from a “sell” rating to a “hold” rating in a report on Saturday, March 3rd. BMO Capital Markets set a $40.00 target price on Gentherm and gave the company a “buy” rating in a report on Wednesday, February 28th. Barrington Research reiterated a “buy” rating and issued a $43.00 target price on shares of Gentherm in a report on Monday, February 26th. Finally, Zacks Investment Research downgraded Gentherm from a “hold” rating to a “sell” rating in a report on Saturday, February 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Gentherm currently has a consensus rating of “Hold” and a consensus price target of $39.56.

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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.

Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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