Thrivent Financial For Lutherans raised its stake in shares of Gentherm Inc (NASDAQ:THRM) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,610 shares of the auto parts company’s stock after buying an additional 940 shares during the period. Thrivent Financial For Lutherans owned 0.06% of Gentherm worth $809,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Great West Life Assurance Co. Can increased its stake in shares of Gentherm by 8.2% in the first quarter. Great West Life Assurance Co. Can now owns 51,480 shares of the auto parts company’s stock valued at $2,018,000 after buying an additional 3,904 shares in the last quarter. Pembroke Management LTD increased its stake in shares of Gentherm by 40.5% in the first quarter. Pembroke Management LTD now owns 631,408 shares of the auto parts company’s stock valued at $24,782,000 after buying an additional 181,900 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in shares of Gentherm during the first quarter valued at about $1,906,000. First Bank & Trust increased its stake in shares of Gentherm by 5.2% in the first quarter. First Bank & Trust now owns 3,371 shares of the auto parts company’s stock valued at $132,000 after buying an additional 166 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. increased its stake in shares of Gentherm by 2.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 147,788 shares of the auto parts company’s stock valued at $5,801,000 after buying an additional 3,690 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.
Gentherm Inc (NASDAQ THRM) traded down 2.46% during midday trading on Friday, hitting $39.70. The stock had a trading volume of 380,289 shares. The stock has a market cap of $1.46 billion, a P/E ratio of 16.20 and a beta of 1.96. Gentherm Inc has a 52 week low of $26.60 and a 52 week high of $40.80. The company has a 50-day moving average price of $38.98 and a 200-day moving average price of $36.86.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, April 27th. The auto parts company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. Gentherm had a return on equity of 19.53% and a net margin of 9.47%. The firm had revenue of $249.30 million for the quarter, compared to analysts’ expectations of $240.57 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. Equities analysts expect that Gentherm Inc will post $2.51 EPS for the current year.
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Several brokerages have issued reports on THRM. BMO Capital Markets raised their price target on Gentherm from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, July 14th. Zacks Investment Research downgraded Gentherm from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. ValuEngine downgraded Gentherm from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised Gentherm from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Finally, FBR & Co reissued an “outperform” rating and set a $45.00 target price on shares of Gentherm in a report on Wednesday, May 31st. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $42.25.
In related news, VP Kenneth John Phillips sold 19,500 shares of the stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $37.74, for a total transaction of $735,930.00. Following the sale, the vice president now owns 55,108 shares of the company’s stock, valued at approximately $2,079,775.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Erin Erwine Ascher sold 1,800 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $39.17, for a total value of $70,506.00. Following the sale, the vice president now directly owns 23,839 shares in the company, valued at approximately $933,773.63. The disclosure for this sale can be found here. Insiders have sold a total of 36,300 shares of company stock worth $1,370,286 in the last ninety days. Insiders own 2.30% of the company’s stock.
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.
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