Van Berkom & Associates Inc. Acquires 2,121 Shares of Gentherm Incorporated (NASDAQ:THRM)

Van Berkom & Associates Inc. grew its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,380,871 shares of the auto parts company’s stock after purchasing an additional 2,121 shares during the quarter. Van Berkom & Associates Inc. owned approximately 4.46% of Gentherm worth $55,138,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Quarry LP lifted its stake in Gentherm by 952.9% in the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 486 shares during the last quarter. Gladius Capital Management LP purchased a new position in shares of Gentherm during the 3rd quarter valued at $44,000. KBC Group NV lifted its position in shares of Gentherm by 82.2% during the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after buying an additional 822 shares during the last quarter. Palouse Capital Management Inc. grew its stake in shares of Gentherm by 91.6% during the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company’s stock worth $143,000 after acquiring an additional 1,714 shares during the period. Finally, MeadowBrook Investment Advisors LLC increased its holdings in Gentherm by 8.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after acquiring an additional 260 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on THRM shares. Robert W. Baird dropped their price objective on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday. Craig Hallum dropped their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. StockNews.com raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, January 27th.

Insider Buying and Selling at Gentherm

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the completion of the sale, the senior vice president now owns 13,413 shares of the company’s stock, valued at $576,490.74. The trade was a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the transaction, the senior vice president now owns 18,947 shares of the company’s stock, valued at $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Gentherm Stock Up 0.3 %

THRM stock opened at $33.45 on Friday. The stock has a 50-day simple moving average of $38.48 and a two-hundred day simple moving average of $42.94. Gentherm Incorporated has a twelve month low of $30.25 and a twelve month high of $62.93. The firm has a market capitalization of $1.04 billion, a PE ratio of 15.63 and a beta of 1.42. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.39). Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The firm had revenue of $352.91 million for the quarter, compared to analysts’ expectations of $360.29 million. During the same period in the prior year, the firm posted $0.90 EPS. Gentherm’s revenue was down 3.8% on a year-over-year basis. On average, equities analysts predict that Gentherm Incorporated will post 2.72 EPS for the current fiscal year.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.