Gamco Investors INC. ET AL Raises Stock Position in Gentherm Inc $THRM

Gamco Investors INC. ET AL lifted its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 200.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,500 shares of the auto parts company’s stock after acquiring an additional 17,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Gentherm were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in THRM. Farther Finance Advisors LLC increased 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 in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Gentherm during the fourth quarter worth about $35,000. Eagle Bay Advisors LLC acquired a new position in shares of Gentherm during the fourth quarter worth about $50,000. Palladiem LLC acquired a new position in shares of Gentherm during the fourth quarter worth about $52,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Gentherm by 21.5% in 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. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Stock Performance

NASDAQ:THRM opened at $42.08 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.06 and a quick ratio of 1.49. The firm has a 50-day moving average of $35.92 and a two-hundred day moving average of $32.97. The stock has a market cap of $1.29 billion, a P/E ratio of 48.37 and a beta of 1.38. Gentherm Inc has a 1-year low of $27.00 and a 1-year high of $48.35.

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

Gentherm announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 23rd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the auto parts company to reacquire up to 36.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on THRM. Weiss Ratings upgraded Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Robert W. Baird boosted their price target on Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. upped their price target on Gentherm from $41.00 to $48.00 and gave the stock a “neutral” rating in a 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. Finally, Stifel Nicolaus lifted their price objective on shares of Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $43.60.

About Gentherm

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.