Vanguard Group Inc. Purchases 74,758 Shares of Gentherm Incorporated (NASDAQ:THRM)

Vanguard Group Inc. lifted its position in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,667,551 shares of the auto parts company's stock after acquiring an additional 74,758 shares during the quarter. Vanguard Group Inc. owned approximately 11.84% of Gentherm worth $146,427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in THRM. Bridge City Capital LLC grew its position in Gentherm by 6.2% in the 4th quarter. Bridge City Capital LLC now owns 120,088 shares of the auto parts company's stock worth $4,795,000 after purchasing an additional 7,004 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Gentherm by 10.6% in the fourth quarter. LPL Financial LLC now owns 52,112 shares of the auto parts company's stock valued at $2,088,000 after acquiring an additional 4,993 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Gentherm during the fourth quarter worth $407,000. American Century Companies Inc. lifted its holdings in Gentherm by 2.0% during the fourth quarter. American Century Companies Inc. now owns 273,425 shares of the auto parts company's stock worth $10,916,000 after acquiring an additional 5,307 shares during the period. Finally, Boston Partners boosted its position in Gentherm by 15.4% in the fourth quarter. Boston Partners now owns 22,975 shares of the auto parts company's stock worth $917,000 after purchasing an additional 3,073 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on THRM shares. JPMorgan Chase & Co. cut their price target 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. Robert W. Baird decreased their price target on shares of Gentherm from $44.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Finally, StockNews.com downgraded Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th.

Gentherm Stock Performance

NASDAQ THRM traded down $0.12 during trading on Friday, hitting $23.32. 365,312 shares of the company's stock traded hands, compared to its average volume of 222,370. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The stock has a market capitalization of $718.00 million, a price-to-earnings ratio of 11.27 and a beta of 1.46. Gentherm Incorporated has a 12-month low of $22.75 and a 12-month high of $56.72. The business has a 50 day moving average of $30.94 and a 200-day moving average of $37.75.

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