Raymond James Financial Inc. Acquires New Shares in Gentherm Incorporated (NASDAQ:THRM)

Raymond James Financial Inc. acquired a new position in Gentherm Incorporated (NASDAQ:THRM - Free Report) during the fourth quarter, according to its most recent 13F filing with the 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 1.25% of Gentherm at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC raised its holdings in Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock valued at $26,000 after buying an additional 463 shares during the period. KBC Group NV lifted its stake in shares of Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after purchasing an additional 822 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Gentherm by 117.1% in the fourth 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 in the last quarter. Palouse Capital Management Inc. raised its holdings in shares of Gentherm by 91.6% during the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock valued at $143,000 after buying an additional 1,714 shares during the period. Finally, MeadowBrook Investment Advisors LLC lifted its position in Gentherm by 37.8% during the 4th 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 in the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Stock Up 0.0 %

NASDAQ:THRM traded up $0.01 during mid-day trading on Friday, reaching $24.75. The stock had a trading volume of 346,518 shares, compared to its average volume of 242,809. The stock's 50 day simple moving average is $28.79 and its two-hundred day simple moving average is $36.54. Gentherm Incorporated has a 1-year low of $22.75 and a 1-year high of $56.72. The company has a market capitalization of $761.87 million, a price-to-earnings ratio of 11.96 and a beta of 1.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38.

Gentherm (NASDAQ:THRM - Get Free Report) last issued 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. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. During the same period in the previous year, the business earned $0.62 EPS. Equities analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday. StockNews.com cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their target price on Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th.

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.