Trigran Investments Inc. Increases Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

Trigran Investments Inc. grew its position in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,990,938 shares of the auto parts company's stock after purchasing an additional 135,458 shares during the period. Gentherm makes up approximately 9.1% of Trigran Investments Inc.'s investment portfolio, making the stock its 2nd largest holding. Trigran Investments Inc. owned 6.43% of Gentherm worth $79,488,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of THRM. Barclays PLC grew its position in Gentherm by 234.8% in the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company's stock valued at $2,861,000 after purchasing an additional 43,108 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Gentherm by 46.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company's stock worth $3,158,000 after buying an additional 21,376 shares during the last quarter. Moody National Bank Trust Division grew its holdings in shares of Gentherm by 48.3% in the 4th quarter. Moody National Bank Trust Division now owns 17,791 shares of the auto parts company's stock valued at $710,000 after acquiring an additional 5,795 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Gentherm by 34.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 5,994 shares of the auto parts company's stock valued at $239,000 after acquiring an additional 1,525 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in Gentherm by 14.5% during the fourth quarter. Inspire Investing LLC now owns 10,091 shares of the auto parts company's stock worth $403,000 after acquiring an additional 1,276 shares in the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

THRM has been the subject of a number of analyst reports. Robert W. Baird decreased their price target on Gentherm from $39.00 to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. StockNews.com cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th.

Gentherm Stock Performance

NASDAQ THRM traded down $0.08 during trading on Thursday, reaching $24.74. 1,144,477 shares of the company's stock were exchanged, compared to its average volume of 241,614. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The business has a 50 day moving average price of $29.00 and a 200-day moving average price of $36.65. The stock has a market capitalization of $761.72 million, a P/E ratio of 11.95 and a beta of 1.46. Gentherm Incorporated has a fifty-two week low of $22.75 and a fifty-two week high of $56.72.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. Sell-side analysts forecast that Gentherm Incorporated will post 3.1 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.