Gentherm Inc $THRM is Trigran Investments Inc.’s 2nd Largest Position

Trigran Investments Inc. decreased its holdings in Gentherm Inc (NASDAQ:THRM) by 16.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,463,143 shares of the auto parts company’s stock after selling 286,324 shares during the quarter. Gentherm makes up approximately 10.5% of Trigran Investments Inc.’s holdings, making the stock its 2nd largest holding. Trigran Investments Inc. owned 4.79% of Gentherm worth $53,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew 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 buying an additional 500 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Gentherm in the 4th quarter valued at about $35,000. Eagle Bay Advisors LLC purchased a new stake in Gentherm in the 4th quarter valued at about $50,000. Palladiem LLC purchased a new stake in Gentherm in the 4th quarter valued at about $52,000. Finally, Nisa Investment Advisors LLC grew its holdings 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 period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Stock Performance

Gentherm stock opened at $36.36 on Monday. The stock’s 50 day moving average price is $31.60 and its 200 day moving average price is $33.09. The firm has a market capitalization of $1.12 billion, a PE ratio of 48.48 and a beta of 1.38. 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 one year low of $27.00 and a one year high of $39.48.

Gentherm (NASDAQ:THRM) last released its quarterly 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. The firm had revenue of $393.71 million for the quarter, compared to analyst estimates of $363.82 million. Gentherm had a return on equity of 11.25% and a net margin of 1.47%.Gentherm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. As a group, sell-side analysts expect that Gentherm Inc will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on THRM shares. Robert W. Baird lifted their price target on Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Wall Street Zen raised Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Loop Capital set a $38.00 price objective on Gentherm in a research note on Wednesday, February 25th. Roth Mkm reduced their price objective on Gentherm from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Gentherm from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.