JPMorgan Chase & Co. increased its position in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 136.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,176 shares of the auto parts company's stock after acquiring an additional 92,345 shares during the quarter. JPMorgan Chase & Co. owned about 0.52% of Gentherm worth $6,395,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in THRM. Signaturefd LLC increased its stake in shares of Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after purchasing an additional 463 shares in the last quarter. KBC Group NV increased its stake in 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 buying an additional 822 shares in the last quarter. Palouse Capital Management Inc. lifted its position in shares of Gentherm by 91.6% in the fourth quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock valued at $143,000 after acquiring an additional 1,714 shares in the last quarter. MeadowBrook Investment Advisors LLC boosted its stake in shares of Gentherm by 37.8% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company's stock worth $185,000 after acquiring an additional 1,270 shares during the period. Finally, Olympiad Research LP bought a new position in shares of Gentherm in the fourth quarter worth about $201,000. Institutional investors own 97.13% of the company's stock.
Wall Street Analyst Weigh In
THRM has been the subject of a number of research analyst reports. Robert W. Baird cut their price objective on shares of Gentherm from $39.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price 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, StockNews.com cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th.
Get Our Latest Research Report on THRM
Gentherm Price Performance
Shares of NASDAQ THRM traded up $0.06 during midday trading on Monday, reaching $24.45. 513,203 shares of the stock traded hands, compared to its average volume of 229,653. The company's 50 day moving average is $29.66 and its 200 day moving average is $36.95. Gentherm Incorporated has a one year low of $22.75 and a one year high of $56.72. 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 stock has a market capitalization of $752.79 million, a PE ratio of 11.81 and a beta of 1.46.
Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.39). The firm had revenue of $352.91 million during the quarter, compared to analysts' expectations of $360.29 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. On average, equities research analysts anticipate that Gentherm Incorporated will post 3.1 earnings per share for the current year.
Gentherm Company Profile
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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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