Dimensional Fund Advisors LP boosted its position in Gentherm Inc (NASDAQ:THRM) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,366,489 shares of the company’s stock after buying an additional 2,247 shares during the period. Dimensional Fund Advisors LP owned about 3.74% of Gentherm worth $46,256,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Peregrine Capital Management LLC purchased a new stake in Gentherm during the third quarter worth approximately $21,847,000. Skylands Capital LLC increased its stake in Gentherm by 10.9% in the third quarter. Skylands Capital LLC now owns 146,450 shares of the company’s stock worth $4,601,000 after buying an additional 14,450 shares in the last quarter. CGOV Asset Management purchased a new stake in Gentherm during the third quarter worth approximately $2,406,000. Rockefeller Financial Services Inc. increased its stake in Gentherm by 18.7% in the third quarter. Rockefeller Financial Services Inc. now owns 452,662 shares of the company’s stock worth $14,223,000 after buying an additional 71,293 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. increased its stake in Gentherm by 0.7% in the third quarter. Punch & Associates Investment Management Inc. now owns 143,204 shares of the company’s stock worth $4,499,000 after buying an additional 927 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.
Shares of Gentherm Inc (NASDAQ:THRM) opened at 37.80 on Tuesday. Gentherm Inc has a 52 week low of $26.60 and a 52 week high of $44.62. The firm’s 50-day moving average price is $36.06 and its 200 day moving average price is $32.83. The company has a market capitalization of $1.38 billion, a PE ratio of 18.09 and a beta of 1.97.
Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Tuesday, February 21st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.13. Gentherm had a return on equity of 17.29% and a net margin of 8.84%. The business earned $236.54 million during the quarter, compared to the consensus estimate of $237.01 million. During the same quarter last year, the firm posted $0.58 EPS. The company’s quarterly revenue was up 11.4% on a year-over-year basis. Equities analysts predict that Gentherm Inc will post $2.42 EPS for the current year.
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THRM has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a research report on Tuesday, November 22nd. Susquehanna Bancshares Inc initiated coverage on Gentherm in a research report on Monday, December 19th. They issued a “neutral” rating and a $36.00 target price on the stock. TheStreet upgraded Gentherm from a “c+” rating to a “b-” rating in a research report on Wednesday, March 1st. Barrington Research upgraded Gentherm from a “market perform” rating to an “outperform” rating and set a $43.00 target price on the stock in a research report on Friday, January 13th. Finally, FBR & Co reiterated an “outperform” rating and issued a $45.00 target price (up from $42.00) on shares of Gentherm in a research report on Wednesday, February 22nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $41.00.
In other Gentherm news, VP Ryan Wesley Gaul sold 6,608 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $37.29, for a total transaction of $246,412.32. Following the completion of the sale, the vice president now owns 26,999 shares of the company’s stock, valued at approximately $1,006,792.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.41% of the company’s stock.
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.
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