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
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, 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.
- Get a free copy of the StockNews.com research report on Gentherm (THRM)
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