Rice Hall James & Associates LLC acquired a new stake in Gentherm Inc. (NASDAQ:THRM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 252,231 shares of the company’s stock, valued at approximately $8,639,000.
A number of other large investors have also added to or reduced their stakes in THRM. Pembroke Management LTD boosted its stake in Gentherm by 51.5% in the second quarter. Pembroke Management LTD now owns 1,034,508 shares of the company’s stock valued at $35,431,000 after buying an additional 351,500 shares during the period. Van Berkom & Associates Inc. boosted its position in Gentherm by 28.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,550,480 shares of the company’s stock worth $53,104,000 after buying an additional 346,873 shares during the last quarter. Lazard Asset Management LLC boosted its position in Gentherm by 27.2% in the first quarter. Lazard Asset Management LLC now owns 446,647 shares of the company’s stock worth $18,576,000 after buying an additional 95,379 shares during the last quarter. 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 worth $40,369,000 after buying an additional 72,956 shares during the last quarter. Finally, Reinhart Partners Inc. purchased a new position in Gentherm during the second quarter worth approximately $2,274,000. Institutional investors and hedge funds own 96.36% of the company’s stock.
Shares of Gentherm Inc. (NASDAQ:THRM) traded up 1.46% on Wednesday, reaching $31.20. The company’s stock had a trading volume of 592,890 shares. The firm has a 50-day moving average price of $31.66 and a 200 day moving average price of $35.72. Gentherm Inc. has a one year low of $29.78 and a one year high of $51.71. The firm has a market capitalization of $1.14 billion, a PE ratio of 13.17 and a beta of 1.89.
Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, July 28th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by $0.07. The business had revenue of $232.72 million for the quarter, compared to the consensus estimate of $240.54 million. Gentherm had a net margin of 9.77% and a return on equity of 20.22%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. On average, analysts anticipate that Gentherm Inc. will post $2.06 earnings per share for the current fiscal year.
A number of research analysts have recently commented on THRM shares. Zacks Investment Research cut Gentherm from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. KeyCorp restated an “equal weight” rating on shares of Gentherm in a research note on Friday, September 9th. Barrington Research cut Gentherm from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 28th. Argus cut Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, September 23rd. Finally, FBR & Co restated a “hold” rating on shares of Gentherm in a research note on Friday, September 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.00.
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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