KLP Kapitalforvaltning AS Makes New Investment in Gentherm Incorporated (NASDAQ:THRM)

KLP Kapitalforvaltning AS acquired a new stake in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,200 shares of the auto parts company's stock, valued at approximately $407,000.

A number of other hedge funds also recently made changes to their positions in the stock. Quarry LP raised its position in Gentherm by 952.9% during the third quarter. Quarry LP now owns 537 shares of the auto parts company's stock valued at $25,000 after purchasing an additional 486 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Gentherm by 233.8% during the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock valued at $26,000 after buying an additional 463 shares in the last quarter. KBC Group NV lifted its position 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 during the last quarter. Palouse Capital Management Inc. boosted its stake in Gentherm by 91.6% in the fourth quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock worth $143,000 after buying an additional 1,714 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC boosted its stake in 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 buying an additional 1,270 shares in the last quarter. 97.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

THRM has been the subject of a number of recent research reports. StockNews.com lowered shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. Robert W. Baird cut their price target on shares of Gentherm from $44.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their price objective on Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th.

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Gentherm Trading Up 8.1 %

Shares of NASDAQ:THRM traded up $1.91 during trading on Wednesday, reaching $25.57. 706,656 shares of the company traded hands, compared to its average volume of 220,705. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. Gentherm Incorporated has a 52-week low of $23.22 and a 52-week high of $56.72. The business's fifty day moving average is $31.47 and its 200-day moving average is $38.09. The firm has a market capitalization of $787.27 million, a price-to-earnings ratio of 12.35 and a beta of 1.46.

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