BlackRock Inc. Boosts Stake in Gentherm Inc (THRM)

BlackRock Inc. boosted its stake in Gentherm Inc (NASDAQ:THRM) by 152,589.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,608,180 shares of the auto parts company’s stock after buying an additional 4,605,162 shares during the period. BlackRock Inc. owned about 12.55% of Gentherm worth $180,872,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Gentherm during the fourth quarter valued at about $9,383,000. Snow Capital Management LP boosted its position in Gentherm by 612.6% in the first quarter. Snow Capital Management LP now owns 256,545 shares of the auto parts company’s stock valued at $10,069,000 after buying an additional 220,545 shares in the last quarter. Vanguard Group Inc. boosted its position in Gentherm by 7.3% in the first quarter. Vanguard Group Inc. now owns 3,212,182 shares of the auto parts company’s stock valued at $126,078,000 after buying an additional 218,171 shares in the last quarter. Pembroke Management LTD boosted its position in 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. Finally, Kennedy Capital Management Inc. boosted its position in Gentherm by 37.4% in the first quarter. Kennedy Capital Management Inc. now owns 389,964 shares of the auto parts company’s stock valued at $15,306,000 after buying an additional 106,228 shares in the last quarter. 98.19% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Inc (THRM) traded up 1.15% during trading on Wednesday, reaching $30.90. 146,489 shares of the company’s stock traded hands. Gentherm Inc has a 12 month low of $26.60 and a 12 month high of $40.80. The company has a market cap of $1.14 billion, a P/E ratio of 14.18 and a beta of 1.93. The firm’s 50 day moving average is $36.34 and its 200 day moving average is $36.78.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.38. The company had revenue of $243.40 million for the quarter, compared to the consensus estimate of $244.48 million. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. Gentherm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. Analysts anticipate that Gentherm Inc will post $2.01 EPS for the current year.

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Several research analysts have issued reports on the company. Zacks Investment Research cut Gentherm from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. BMO Capital Markets upped 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. BidaskClub cut Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Roth Capital set a $33.00 price target on Gentherm and gave the company a “hold” rating in a report on Friday, July 28th. Finally, Craig Hallum cut Gentherm from a “buy” rating to a “hold” rating and dropped their price target for the company from $44.00 to $38.00 in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $40.75.

In related news, VP Erin Erwine Ascher sold 1,800 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $39.17, for a total transaction of $70,506.00. Following the completion of the transaction, the vice president now owns 23,839 shares in the company, valued at $933,773.63. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.30% of the stock is currently owned by corporate insiders.

Gentherm Company Profile

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.

Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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