Bremer Bank National Association bought a new position in Gentherm Inc (NASDAQ:THRM) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 981 shares of the auto parts company’s stock, valued at approximately $42,000.
Other hedge funds have also added to or reduced their stakes in the company. Karp Capital Management Corp bought a new stake in Gentherm during the fourth quarter valued at about $34,000. Quantamental Technologies LLC purchased a new stake in Gentherm in the fourth quarter valued at about $35,000. Strs Ohio raised its stake in Gentherm by 800.0% in the fourth quarter. Strs Ohio now owns 900 shares of the auto parts company’s stock valued at $35,000 after buying an additional 800 shares during the last quarter. Advisor Group Inc. raised its stake in Gentherm by 70.1% in the fourth quarter. Advisor Group Inc. now owns 1,354 shares of the auto parts company’s stock valued at $54,000 after buying an additional 558 shares during the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new stake in Gentherm in the fourth quarter valued at about $55,000.
A number of research firms have commented on THRM. ValuEngine cut Gentherm from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. BidaskClub upgraded Gentherm from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, Zacks Investment Research cut Gentherm from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Gentherm has an average rating of “Hold” and an average price target of $45.22.
THRM stock traded up $0.33 during trading on Wednesday, hitting $40.65. 122,163 shares of the company traded hands, compared to its average volume of 207,834. The company has a current ratio of 2.42, a quick ratio of 1.74 and a debt-to-equity ratio of 0.20. Gentherm Inc has a 1 year low of $36.16 and a 1 year high of $50.30. The stock’s 50-day moving average is $39.62. The firm has a market capitalization of $1.37 billion, a P/E ratio of 19.21 and a beta of 1.32.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.43 by $0.12. Gentherm had a return on equity of 14.71% and a net margin of 3.61%. The company had revenue of $257.92 million for the quarter, compared to analyst estimates of $250.39 million. During the same period last year, the company earned $0.52 earnings per share. Gentherm’s quarterly revenue was down 2.5% compared to the same quarter last year. Research analysts predict that Gentherm Inc will post 2.14 earnings per share for the current year.
In other news, insider Frithjof Oldorff sold 10,230 shares of Gentherm stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $38.79, for a total value of $396,821.70. Following the sale, the insider now directly owns 36,218 shares of the company’s stock, valued at $1,404,896.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kenneth John Phillips sold 1,345 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $39.46, for a total value of $53,073.70. Following the transaction, the vice president now directly owns 16,069 shares in the company, valued at approximately $634,082.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,374 shares of company stock worth $1,457,164. 1.50% of the stock is owned by corporate insiders.
Gentherm Company Profile
Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.
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