Segall Bryant & Hamill LLC Acquires 157,544 Shares of Gentherm Incorporated (NASDAQ:THRM)

Segall Bryant & Hamill LLC boosted its holdings in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 42.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 525,026 shares of the auto parts company's stock after purchasing an additional 157,544 shares during the period. Segall Bryant & Hamill LLC owned about 1.69% of Gentherm worth $20,962,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Gentherm during the 4th quarter worth about $15,400,000. Cerity Partners LLC increased its holdings in shares of Gentherm by 880.7% during the third quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company's stock worth $8,783,000 after buying an additional 169,443 shares in the last quarter. Global Alpha Capital Management Ltd. raised its stake in shares of Gentherm by 23.8% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company's stock valued at $31,261,000 after acquiring an additional 150,310 shares during the last quarter. FMR LLC boosted its holdings in shares of Gentherm by 26.8% in the 3rd quarter. FMR LLC now owns 507,598 shares of the auto parts company's stock worth $23,629,000 after acquiring an additional 107,322 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Gentherm by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company's stock worth $146,427,000 after acquiring an additional 74,758 shares during the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

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

Gentherm Trading Down 5.8 %

Shares of THRM stock traded down $1.69 on Friday, reaching $27.41. 356,816 shares of the stock were exchanged, compared to its average volume of 206,636. 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 Incorporated has a one year low of $27.36 and a one year high of $57.96. The stock has a market cap of $843.93 million, a PE ratio of 13.24 and a beta of 1.45. The stock has a 50 day moving average price of $34.35 and a 200 day moving average price of $39.62.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $352.91 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $0.90 earnings per share. Equities research analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current fiscal 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.