Intech Investment Management LLC Has $1.62 Million Stock Holdings in Gentherm Inc $THRM

Intech Investment Management LLC boosted its position in Gentherm Inc (NASDAQ:THRM) by 118.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,502 shares of the auto parts company’s stock after buying an additional 24,095 shares during the quarter. Intech Investment Management LLC owned approximately 0.15% of Gentherm worth $1,619,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Jackson Creek Investment Advisors LLC acquired a new stake in Gentherm in the 4th quarter valued at approximately $413,000. Royce & Associates LP acquired a new stake in Gentherm in the 4th quarter valued at approximately $12,080,000. Connors Investor Services Inc. raised its position in Gentherm by 6.0% in the 4th quarter. Connors Investor Services Inc. now owns 52,578 shares of the auto parts company’s stock valued at $1,912,000 after buying an additional 2,986 shares during the last quarter. Legato Capital Management LLC raised its position in Gentherm by 157.4% in the 4th quarter. Legato Capital Management LLC now owns 60,874 shares of the auto parts company’s stock valued at $2,214,000 after buying an additional 37,223 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in Gentherm in the 4th quarter valued at approximately $3,455,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

Gentherm Stock Up 0.3%

NASDAQ:THRM opened at $37.93 on Friday. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 50.57 and a beta of 1.38. Gentherm Inc has a twelve month low of $26.92 and a twelve month high of $39.48. The stock’s 50 day moving average price is $30.64 and its two-hundred day moving average price is $33.01. The company has a quick ratio of 1.36, a current ratio of 1.97 and a debt-to-equity ratio of 0.31.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.31. The firm had revenue of $393.71 million for the quarter, compared to analyst estimates of $363.82 million. Gentherm had a return on equity of 11.25% and a net margin of 1.47%.The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. Equities research analysts expect that Gentherm Inc will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Roth Mkm dropped their target price on Gentherm from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Wall Street Zen raised Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Robert W. Baird lifted their target price on Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Loop Capital set a $38.00 price target on Gentherm in a research report on Wednesday, February 25th. Finally, Weiss Ratings raised Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $37.40.

Gentherm Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.