Charles Schwab Investment Management Inc. boosted its holdings in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 486,565 shares of the auto parts company's stock after buying an additional 25,736 shares during the period. Charles Schwab Investment Management Inc. owned 1.57% of Gentherm worth $19,426,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Quarry LP raised its holdings in shares of Gentherm by 952.9% in the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company's stock worth $25,000 after purchasing an additional 486 shares during the period. KBC Group NV raised its holdings in shares of Gentherm by 82.2% in the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after purchasing an additional 822 shares during the period. Palouse Capital Management Inc. raised its holdings in shares of Gentherm by 91.6% in the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock worth $143,000 after purchasing an additional 1,714 shares during the period. MeadowBrook Investment Advisors LLC raised its holdings in shares of Gentherm by 37.8% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company's stock worth $185,000 after purchasing an additional 1,270 shares during the period. Finally, Olympiad Research LP purchased a new position in shares of Gentherm in the 4th quarter worth about $201,000. 97.13% of the stock is owned by institutional investors and hedge funds.
Gentherm Stock Down 1.0 %
Shares of NASDAQ:THRM traded down $0.29 during mid-day trading on Friday, hitting $30.08. 674,091 shares of the company traded hands, compared to its average volume of 193,682. The firm has a market cap of $926.13 million, a P/E ratio of 14.53 and a beta of 1.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. Gentherm Incorporated has a 52-week low of $29.70 and a 52-week high of $57.96. The firm's 50 day simple moving average is $35.29 and its 200 day simple moving average is $40.19.
Gentherm (NASDAQ:THRM - Get Free Report) last announced its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.39). The company had revenue of $352.91 million for the quarter, compared to analysts' expectations of $360.29 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The business's quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. On average, equities analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently commented on THRM. Robert W. Baird cut their price objective on Gentherm from $44.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. StockNews.com downgraded Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their target price on Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a report on Monday, January 27th.
View Our Latest Stock Analysis on THRM
About Gentherm
(
Free Report)
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.
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