Vanguard Group Inc. Has $191.21 Million Position in Gentherm Incorporated (NASDAQ:THRM)

Vanguard Group Inc. grew its stake in Gentherm Incorporated (NASDAQ:THRM) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,651,904 shares of the auto parts company’s stock after buying an additional 16,513 shares during the period. Vanguard Group Inc. owned 11.58% of Gentherm worth $191,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in Gentherm in the fourth quarter valued at approximately $10,991,000. Trigran Investments Inc. boosted its stake in shares of Gentherm by 10.7% in the 4th quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock valued at $98,848,000 after purchasing an additional 183,170 shares during the last quarter. Granahan Investment Management LLC increased its position in shares of Gentherm by 61.2% during the fourth quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock worth $21,623,000 after buying an additional 156,842 shares during the period. Assenagon Asset Management S.A. raised its stake in Gentherm by 25.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 175,591 shares of the auto parts company’s stock worth $9,194,000 after buying an additional 35,854 shares during the last quarter. Finally, Mairs & Power Inc. lifted its holdings in Gentherm by 9.3% in the fourth quarter. Mairs & Power Inc. now owns 395,006 shares of the auto parts company’s stock valued at $20,683,000 after buying an additional 33,570 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Robert W. Baird decreased their price target on Gentherm from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. JPMorgan Chase & Co. decreased their target price on Gentherm from $63.00 to $60.00 and set an “underweight” rating for the company in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $65.75.

Insider Activity at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $51.47, for a total transaction of $772,050.00. Following the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $7,582,405.99. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 45,000 shares of company stock valued at $2,410,200. 1.91% of the stock is owned by company insiders.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $50.20 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $51.10 and its 200-day moving average price is $51.83. The firm has a market capitalization of $1.59 billion, a P/E ratio of 34.38 and a beta of 1.46. Gentherm Incorporated has a 1-year low of $38.21 and a 1-year high of $66.54.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.19. Gentherm had a return on equity of 13.56% and a net margin of 3.23%. The business had revenue of $356.00 million for the quarter, compared to the consensus estimate of $361.11 million. During the same period in the prior year, the business earned $0.49 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities research analysts anticipate that Gentherm Incorporated will post 2.94 earnings per share for the current fiscal year.

Gentherm Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.