HITE Hedge Asset Management LLC Purchases New Shares in Gentherm Incorporated (NASDAQ:THRM)

HITE Hedge Asset Management LLC purchased a new stake in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 246,272 shares of the auto parts company's stock, valued at approximately $9,832,000. HITE Hedge Asset Management LLC owned approximately 0.79% of Gentherm at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Gentherm by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company's stock valued at $146,427,000 after acquiring an additional 74,758 shares during the last quarter. Global Alpha Capital Management Ltd. increased its holdings in shares of Gentherm by 23.8% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company's stock valued at $31,261,000 after acquiring an additional 150,310 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in Gentherm by 42.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company's stock worth $20,962,000 after buying an additional 157,544 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Gentherm by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 486,565 shares of the auto parts company's stock worth $19,426,000 after acquiring an additional 25,736 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Gentherm in the fourth quarter valued at approximately $15,400,000. 97.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on THRM shares. StockNews.com downgraded Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Finally, Robert W. Baird lowered their price target on shares of Gentherm from $39.00 to $27.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th.

Gentherm Price Performance

NASDAQ:THRM traded up $0.06 during midday trading on Monday, hitting $24.45. The company had a trading volume of 513,203 shares, compared to its average volume of 229,653. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $752.79 million, a PE ratio of 11.81 and a beta of 1.46. The stock's fifty day moving average price is $29.66 and its 200-day moving average price is $36.95. Gentherm Incorporated has a 52-week low of $22.75 and a 52-week high of $56.72.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business had revenue of $352.91 million during the quarter, compared to analysts' expectations of $360.29 million. During the same quarter in the previous year, the business earned $0.90 EPS. Gentherm's revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, research analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current 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.