Gentherm Incorporated (NASDAQ:THRM) Shares Bought by BlackRock Inc.

BlackRock Inc. grew its stake in Gentherm Incorporated (NASDAQ:THRM – Get Rating) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,113,717 shares of the auto parts company’s stock after purchasing an additional 82,400 shares during the quarter. BlackRock Inc. owned approximately 15.40% of Gentherm worth $254,304,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Amalgamated Bank increased its stake in Gentherm by 1.0% during the 3rd quarter. Amalgamated Bank now owns 16,086 shares of the auto parts company’s stock worth $800,000 after buying an additional 153 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Gentherm by 0.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 28,849 shares of the auto parts company’s stock valued at $2,157,000 after purchasing an additional 181 shares during the last quarter. Inspire Investing LLC boosted its stake in Gentherm by 7.0% during the 2nd quarter. Inspire Investing LLC now owns 3,460 shares of the auto parts company’s stock worth $216,000 after purchasing an additional 227 shares during the last quarter. US Bancorp DE grew its holdings in shares of Gentherm by 9.8% during the first quarter. US Bancorp DE now owns 2,805 shares of the auto parts company’s stock worth $206,000 after buying an additional 251 shares in the last quarter. Finally, Credit Suisse AG raised its position in shares of Gentherm by 0.6% in the third quarter. Credit Suisse AG now owns 44,320 shares of the auto parts company’s stock valued at $2,203,000 after buying an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. TheStreet cut shares of Gentherm from a “b-” rating to a “c” rating in a research note on Wednesday, February 22nd. JPMorgan Chase & Co. lowered their price objective on Gentherm from $64.00 to $61.00 and set an “underweight” rating on the stock in a research note on Thursday, February 23rd. Robert W. Baird cut their target price on Gentherm from $88.00 to $82.00 and set an “outperform” rating for the company in a research note on Thursday, February 23rd. Finally, StockNews.com cut shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Gentherm has an average rating of “Hold” and a consensus target price of $74.33.

Gentherm Price Performance

NASDAQ:THRM opened at $59.63 on Monday. Gentherm Incorporated has a 52 week low of $49.45 and a 52 week high of $77.46. The stock’s fifty day moving average is $69.65 and its two-hundred day moving average is $65.16. The company has a market capitalization of $1.98 billion, a P/E ratio of 82.82 and a beta of 1.37. The company has a quick ratio of 1.63, a current ratio of 2.39 and a debt-to-equity ratio of 0.35.

Gentherm (NASDAQ:THRM – Get Rating) last posted its earnings results on Wednesday, February 22nd. The auto parts company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.18). Gentherm had a net margin of 2.03% and a return on equity of 9.41%. The company had revenue of $343.30 million during the quarter, compared to analyst estimates of $341.51 million. During the same period in the previous year, the company earned $0.61 EPS. The company’s quarterly revenue was up 38.3% compared to the same quarter last year. Equities analysts expect that Gentherm Incorporated will post 2.59 EPS for the current year.

Gentherm Profile

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Gentherm, Inc engages in the designing, development, manufacturing, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Medical. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.