Global Alpha Capital Management Ltd. Raises Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Global Alpha Capital Management Ltd. increased its stake in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 22.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 632,673 shares of the auto parts company's stock after purchasing an additional 116,500 shares during the quarter. Gentherm comprises about 1.9% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 25th biggest position. Global Alpha Capital Management Ltd. owned 2.04% of Gentherm worth $29,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its position in shares of Gentherm by 119.4% in the 2nd quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company's stock valued at $12,783,000 after purchasing an additional 141,047 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Gentherm by 265.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 94,247 shares of the auto parts company's stock valued at $4,648,000 after purchasing an additional 68,477 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Gentherm in the third quarter worth $2,658,000. Pembroke Management LTD raised its position in Gentherm by 16.6% during the second quarter. Pembroke Management LTD now owns 319,230 shares of the auto parts company's stock valued at $15,744,000 after purchasing an additional 45,403 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Gentherm by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company's stock valued at $56,539,000 after purchasing an additional 37,365 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Trading Up 0.6 %

Shares of THRM stock traded up $0.23 during trading hours on Wednesday, reaching $41.66. The company's stock had a trading volume of 137,248 shares, compared to its average volume of 186,466. The firm's fifty day simple moving average is $44.03 and its 200 day simple moving average is $48.27. Gentherm Incorporated has a one year low of $39.86 and a one year high of $62.93. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $1.29 billion, a P/E ratio of 19.36 and a beta of 1.44.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The business had revenue of $371.50 million during the quarter, compared to analysts' expectations of $372.89 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. Equities research analysts expect that Gentherm Incorporated will post 2.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 target price for the company in a research report on Monday, October 21st. Craig Hallum dropped their price target on Gentherm from $85.00 to $65.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. StockNews.com raised shares of Gentherm from a "hold" rating to a "buy" rating in a research note on Friday, August 9th. Finally, Robert W. Baird dropped their price objective on shares of Gentherm from $54.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $57.00.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the firm's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total transaction of $220,980.40. Following the transaction, the chief executive officer now owns 147,317 shares of the company's stock, valued at approximately $7,395,313.40. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.91% of the stock is owned by corporate insiders.

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.