Raymond James Financial Inc. Takes Position in Gentherm Incorporated (NASDAQ:THRM)

Raymond James Financial Inc. acquired a new stake in Gentherm Incorporated (NASDAQ:THRM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 385,727 shares of the auto parts company's stock, valued at approximately $15,400,000. Raymond James Financial Inc. owned approximately 1.25% of Gentherm at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Barclays PLC raised its stake in Gentherm by 234.8% in the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company's stock valued at $2,861,000 after buying an additional 43,108 shares in the last quarter. Global Alpha Capital Management Ltd. raised its stake in Gentherm by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company's stock valued at $29,451,000 after buying an additional 116,500 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Gentherm by 46.0% in the third quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company's stock valued at $3,158,000 after buying an additional 21,376 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Gentherm by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company's stock valued at $21,452,000 after buying an additional 5,754 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in Gentherm by 880.7% in the third quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company's stock valued at $8,783,000 after buying an additional 169,443 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

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Gentherm Stock Performance

Shares of THRM stock traded down $0.29 during mid-day trading on Friday, hitting $30.08. 674,091 shares of the stock were exchanged, compared to its average volume of 193,429. The stock's fifty day simple moving average is $35.29 and its two-hundred day simple moving average is $40.25. The stock has a market capitalization of $926.13 million, a price-to-earnings ratio of 14.53 and a beta of 1.45. Gentherm Incorporated has a 12-month low of $29.70 and a 12-month high of $57.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (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 company had revenue of $352.91 million for the quarter, compared to analysts' expectations of $360.29 million. During the same period in the prior year, the business earned $0.90 EPS. The business's quarterly revenue was down 3.8% compared to the same quarter last year. On average, analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on THRM. Robert W. Baird cut their price target on Gentherm from $44.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. StockNews.com lowered Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their price objective on Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a report on Monday, January 27th.

Gentherm Company 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.