Invesco Ltd. Purchases 34,353 Shares of Gentherm Incorporated (NASDAQ:THRM)

Invesco Ltd. lifted its holdings in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 16.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 238,975 shares of the auto parts company's stock after purchasing an additional 34,353 shares during the quarter. Invesco Ltd. owned about 0.77% of Gentherm worth $9,541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in shares of Gentherm by 20.9% in the 4th quarter. Bank of Montreal Can now owns 6,167 shares of the auto parts company's stock valued at $246,000 after purchasing an additional 1,067 shares during the period. Russell Investments Group Ltd. lifted its stake in Gentherm by 3.7% in the 4th quarter. Russell Investments Group Ltd. now owns 69,245 shares of the auto parts company's stock valued at $2,765,000 after acquiring an additional 2,480 shares in the last quarter. Integrated Quantitative Investments LLC bought a new position in shares of Gentherm during the 4th quarter worth approximately $1,098,000. Headlands Technologies LLC increased its stake in Gentherm by 117.1% in the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock valued at $73,000 after buying an additional 991 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Gentherm by 21.5% during the fourth quarter. Franklin Resources Inc. now owns 9,844 shares of the auto parts company's stock valued at $393,000 after purchasing an additional 1,744 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Gentherm Price Performance

Shares of THRM remained flat at $24.74 during midday trading on Friday. The stock had a trading volume of 516,872 shares, compared to its average volume of 244,207. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. 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 12 month low of $22.75 and a 12 month high of $56.72. The firm has a fifty day moving average of $28.56 and a 200 day moving average of $36.37.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The company had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. During the same period in the previous year, the business earned $0.62 earnings per share. As a group, analysts predict that Gentherm Incorporated will post 3.1 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on THRM shares. StockNews.com downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price target on Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Finally, Robert W. Baird upped their price objective on Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Friday.

About Gentherm

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.