UBS Asset Management Americas Inc. raised its stake in Gentherm Inc. (NASDAQ:THRM) by 153.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,848 shares of the company’s stock after buying an additional 69,532 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.31% of Gentherm worth $3,934,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in THRM. BlackRock Inc. raised its stake 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. Springbok Capital Management LLC raised its stake in Gentherm by 4.0% in the first quarter. Springbok Capital Management LLC now owns 2,600 shares of the company’s stock valued at $108,000 after buying an additional 100 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in Gentherm during the first quarter valued at $213,000. Fox Run Management L.L.C. acquired a new stake in Gentherm during the second quarter valued at $229,000. Finally, Palouse Capital Management Inc. acquired a new stake in Gentherm during the second quarter valued at $244,000. Hedge funds and other institutional investors own 96.36% of the company’s stock.
Gentherm Inc. (NASDAQ:THRM) traded up 1.58% on Friday, hitting $31.42. 297,951 shares of the stock traded hands. The stock has a market cap of $1.15 billion, a P/E ratio of 13.26 and a beta of 1.78. The stock has a 50-day moving average price of $31.71 and a 200 day moving average price of $35.96. Gentherm Inc. has a 12-month low of $29.78 and a 12-month 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 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 return on equity of 20.22% and a net margin of 9.77%. Gentherm’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. On average, equities analysts expect that Gentherm Inc. will post $2.06 EPS for the current fiscal year.
Several research firms have commented on THRM. Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. FBR & Co decreased their target price on shares of Gentherm from $49.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, July 29th. KeyCorp restated an “equal weight” rating on shares of Gentherm in a research report on Friday, September 9th. Argus restated a “buy” rating and issued a $44.00 target price on shares of Gentherm in a research report on Tuesday, June 14th. Finally, Roth Capital cut shares of Gentherm from a “buy” rating to a “neutral” rating and upped their target price for the stock from $33.00 to $53.00 in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Gentherm has a consensus rating of “Hold” and an average 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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