Edenbrook Capital LLC Makes New $2.83 Million Investment in Gentherm Inc $THRM

Edenbrook Capital LLC acquired a new stake in Gentherm Inc (NASDAQ:THRM) in the 2nd quarter, HoldingsChannel reports. The fund acquired 100,034 shares of the auto parts company’s stock, valued at approximately $2,830,000. Gentherm accounts for 0.6% of Edenbrook Capital LLC’s investment portfolio, making the stock its 6th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the business. Trigran Investments Inc. lifted its holdings in Gentherm by 11.0% during the 1st quarter. Trigran Investments Inc. now owns 2,210,388 shares of the auto parts company’s stock worth $59,106,000 after buying an additional 219,450 shares in the last quarter. Global Alpha Capital Management Ltd. raised its stake in shares of Gentherm by 23.5% in the second quarter. Global Alpha Capital Management Ltd. now owns 1,109,383 shares of the auto parts company’s stock valued at $31,384,000 after acquiring an additional 211,300 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Gentherm by 4.4% in the second quarter. Geode Capital Management LLC now owns 762,709 shares of the auto parts company’s stock valued at $21,579,000 after purchasing an additional 32,140 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in Gentherm by 32.3% in the second quarter. Segall Bryant & Hamill LLC now owns 679,879 shares of the auto parts company’s stock valued at $19,234,000 after purchasing an additional 166,057 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Gentherm by 8.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 529,708 shares of the auto parts company’s stock worth $14,164,000 after purchasing an additional 43,143 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Stock Performance

Shares of THRM opened at $36.92 on Friday. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 36.92 and a beta of 1.38. Gentherm Inc has a 52-week low of $22.75 and a 52-week high of $42.99. The company has a quick ratio of 1.33, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $35.78 and a 200 day moving average price of $33.47.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, October 23rd. The auto parts company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.09. Gentherm had a net margin of 2.08% and a return on equity of 9.55%. The business had revenue of $386.87 million during the quarter, compared to the consensus estimate of $374.75 million. During the same quarter in the previous year, the firm earned $0.75 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. Research analysts predict that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Roth Capital reiterated a “buy” rating and issued a $44.00 price target on shares of Gentherm in a research note on Friday, October 24th. Robert W. Baird set a $42.00 price objective on shares of Gentherm in a research report on Friday, October 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Gentherm in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gentherm has an average rating of “Moderate Buy” and a consensus target price of $43.00.

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.