Global Alpha Capital Management Ltd. Sells 72,910 Shares of Gentherm Inc $THRM

Global Alpha Capital Management Ltd. trimmed its stake in shares of Gentherm Inc (NASDAQ:THRM) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,030,673 shares of the auto parts company’s stock after selling 72,910 shares during the period. Gentherm comprises about 2.3% of Global Alpha Capital Management Ltd.’s portfolio, making the stock its 17th largest position. Global Alpha Capital Management Ltd. owned about 3.38% of Gentherm worth $37,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in THRM. Nisa Investment Advisors LLC increased its stake in Gentherm by 21.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock valued at $73,000 after buying an additional 353 shares during the last quarter. Caxton Associates LLP boosted its holdings in Gentherm by 4.7% in the 3rd quarter. Caxton Associates LLP now owns 8,294 shares of the auto parts company’s stock valued at $282,000 after purchasing an additional 372 shares during the period. Farther Finance Advisors LLC boosted its holdings in Gentherm by 160.3% in the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 500 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Gentherm by 6.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 8,500 shares of the auto parts company’s stock valued at $309,000 after purchasing an additional 500 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its holdings in Gentherm by 1.3% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 41,018 shares of the auto parts company’s stock valued at $1,492,000 after purchasing an additional 509 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Trading Down 4.4%

Shares of NASDAQ THRM opened at $36.25 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.97. Gentherm Inc has a 52-week low of $26.95 and a 52-week high of $39.48. The firm has a 50 day moving average price of $30.79 and a two-hundred day moving average price of $33.03. The stock has a market cap of $1.11 billion, a P/E ratio of 48.33 and a beta of 1.38.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $393.71 million during the quarter, compared to analysts’ expectations of $363.82 million. During the same period in the prior year, the company posted $0.51 EPS. The company’s revenue was up 11.2% on a year-over-year basis. As a group, equities analysts forecast that Gentherm Inc will post 2.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on THRM shares. Wall Street Zen raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Roth Mkm cut their price objective on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Robert W. Baird boosted their price objective on shares of Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Loop Capital set a $38.00 price objective on shares of Gentherm in a report on Wednesday, February 25th. Finally, Argus raised shares of Gentherm to a “hold” rating in a report on Friday, February 27th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $37.40.

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.