MetLife Investment Advisors LLC purchased a new stake in shares of Gentherm Inc (NASDAQ:THRM) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,276 shares of the auto parts company’s stock, valued at approximately $549,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in THRM. Wells Fargo & Company MN boosted its position in shares of Gentherm by 124.9% during the fourth quarter. Wells Fargo & Company MN now owns 538,996 shares of the auto parts company’s stock valued at $17,113,000 after purchasing an additional 299,351 shares in the last quarter. Schroder Investment Management Group raised its stake in Gentherm by 83.3% during the fourth quarter. Schroder Investment Management Group now owns 495,415 shares of the auto parts company’s stock valued at $15,729,000 after buying an additional 225,100 shares during the last quarter. Rockefeller Financial Services Inc. raised its stake in Gentherm by 12.7% during the fourth quarter. Rockefeller Financial Services Inc. now owns 528,503 shares of the auto parts company’s stock valued at $16,780,000 after buying an additional 59,366 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Gentherm by 96.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 98,069 shares of the auto parts company’s stock valued at $3,114,000 after buying an additional 48,233 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new position in Gentherm during the fourth quarter valued at $1,374,000. Institutional investors own 98.47% of the company’s stock.
THRM stock opened at $35.60 on Friday. Gentherm Inc has a 1-year low of $29.50 and a 1-year high of $40.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.69 and a quick ratio of 1.98. The firm has a market capitalization of $1,345.52, a PE ratio of 15.51, a price-to-earnings-growth ratio of 0.62 and a beta of 1.71.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Tuesday, February 20th. The auto parts company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.08. Gentherm had a return on equity of 11.81% and a net margin of 3.57%. The firm had revenue of $257.19 million during the quarter, compared to analysts’ expectations of $253.48 million. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. research analysts anticipate that Gentherm Inc will post 2.36 EPS for the current fiscal year.
A number of research analysts have issued reports on the company. BidaskClub cut Gentherm from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 25th. Susquehanna Bancshares set a $35.00 price objective on Gentherm and gave the company a “hold” rating in a research note on Wednesday, March 14th. Craig Hallum upgraded Gentherm from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. JPMorgan Chase reiterated an “overweight” rating and set a $39.00 price objective (down previously from $40.00) on shares of Gentherm in a research note on Wednesday, February 21st. Finally, Zacks Investment Research cut Gentherm from a “hold” rating to a “sell” rating in a research note on Saturday, February 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.56.
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Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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