Rock Point Advisors LLC raised its position in shares of Gentherm Inc. (NASDAQ:THRM) by 64.6% during the second quarter, Holdings Channel reports. The institutional investor owned 85,225 shares of the company’s stock after buying an additional 33,435 shares during the period. Gentherm comprises approximately 1.6% of Rock Point Advisors LLC’s portfolio, making the stock its 27th largest position. Rock Point Advisors LLC’s holdings in Gentherm were worth $2,919,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. State Street Corp increased its stake in shares of Gentherm by 3.3% in the first quarter. State Street Corp now owns 686,880 shares of the company’s stock worth $28,568,000 after buying an additional 21,956 shares in the last quarter. BlackRock Group LTD boosted its position in Gentherm by 24.1% in the first quarter. BlackRock Group LTD now owns 46,375 shares of the company’s stock valued at $1,930,000 after buying an additional 9,011 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Gentherm by 8.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 970,640 shares of the company’s stock valued at $40,369,000 after buying an additional 72,956 shares during the period. BlackRock Inc. boosted its position in Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock valued at $103,000 after buying an additional 1,140 shares during the period. Finally, Prudential Financial Inc. boosted its position in Gentherm by 11.2% in the first quarter. Prudential Financial Inc. now owns 94,321 shares of the company’s stock valued at $3,922,000 after buying an additional 9,462 shares during the period. 96.30% of the stock is owned by institutional investors and hedge funds.
Shares of Gentherm Inc. (NASDAQ:THRM) traded down 0.33% during mid-day trading on Monday, hitting $30.25. 189,262 shares of the stock were exchanged. The company’s 50-day moving average is $31.30 and its 200-day moving average is $35.13. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 12.77 and a beta of 1.89. Gentherm Inc. has a 1-year low of $29.78 and a 1-year high of $51.71.
Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.07. Gentherm had a net margin of 9.77% and a return on equity of 20.22%. The company earned $232.72 million during the quarter, compared to analyst estimates of $240.54 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Gentherm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts anticipate that Gentherm Inc. will post $2.06 earnings per share for the current fiscal year.
Several research firms have commented on THRM. FBR & Co upgraded shares of Gentherm from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Thursday. Zacks Investment Research cut shares of Gentherm from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Argus cut shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. JPMorgan Chase & Co. decreased their target price on shares of Gentherm from $48.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, July 29th. Finally, KeyCorp restated an “equal weight” rating on shares of Gentherm in a research report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.00.
Gentherm Company Profile
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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