Trigran Investments Inc. grew its position in shares of Gentherm (NASDAQ:THRM) by 32.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,063,640 shares of the auto parts company’s stock after purchasing an additional 260,813 shares during the period. Gentherm makes up about 7.6% of Trigran Investments Inc.’s investment portfolio, making the stock its 5th largest position. Trigran Investments Inc. owned approximately 2.89% of Gentherm worth $36,111,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Gentherm during the first quarter valued at approximately $112,000. BancorpSouth Bank purchased a new stake in shares of Gentherm during the fourth quarter valued at approximately $228,000. Jefferies Group LLC purchased a new stake in shares of Gentherm during the fourth quarter valued at approximately $254,000. Palouse Capital Management Inc. purchased a new stake in shares of Gentherm during the first quarter valued at approximately $276,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Gentherm during the fourth quarter valued at approximately $403,000. Institutional investors own 99.42% of the company’s stock.
A number of analysts have recently issued reports on THRM shares. BidaskClub lowered shares of Gentherm from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 25th. Zacks Investment Research raised shares of Gentherm from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. Barrington Research reissued an “outperform” rating on shares of Gentherm in a research report on Friday, February 16th. Craig Hallum raised shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase reissued an “overweight” rating and set a $39.00 price target (down previously from $40.00) on shares of Gentherm in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $37.91.
THRM stock opened at $34.85 on Monday. Gentherm has a twelve month low of $29.50 and a twelve month high of $40.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.71 and a quick ratio of 1.98. The company has a market cap of $1.28 billion, a PE ratio of 22.93, a P/E/G ratio of 0.60 and a beta of 1.73.
Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, April 26th. The auto parts company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.10). The business had revenue of $261.88 million during the quarter, compared to analyst estimates of $268.85 million. Gentherm had a return on equity of 9.98% and a net margin of 2.28%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. analysts anticipate that Gentherm will post 2.34 EPS for the current year.
In other Gentherm news, VP Ryan Wesley Gaul sold 900 shares of Gentherm stock in a transaction on Monday, May 7th. The shares were sold at an average price of $34.68, for a total value of $31,212.00. Following the completion of the transaction, the vice president now owns 28,433 shares of the company’s stock, valued at $986,056.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.
Gentherm Company Profile
Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.
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