Assenagon Asset Management S.A. Has $9.19 Million Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Assenagon Asset Management S.A. increased its position in shares of Gentherm Incorporated (NASDAQ:THRMFree Report) by 25.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 175,591 shares of the auto parts company’s stock after purchasing an additional 35,854 shares during the period. Assenagon Asset Management S.A.’s holdings in Gentherm were worth $9,194,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in THRM. Invesco Ltd. raised its stake in Gentherm by 171.9% during the 1st quarter. Invesco Ltd. now owns 988,683 shares of the auto parts company’s stock worth $72,213,000 after buying an additional 625,083 shares during the period. Robeco Schweiz AG bought a new stake in Gentherm during the 1st quarter worth approximately $30,991,000. Rockefeller Capital Management L.P. increased its holdings in Gentherm by 1,762.9% during the 1st quarter. Rockefeller Capital Management L.P. now owns 403,123 shares of the auto parts company’s stock worth $24,356,000 after purchasing an additional 381,483 shares in the last quarter. Norges Bank bought a new stake in Gentherm during the 4th quarter worth approximately $17,802,000. Finally, Capital International Investors increased its holdings in Gentherm by 67.0% during the 1st quarter. Capital International Investors now owns 668,977 shares of the auto parts company’s stock worth $48,862,000 after purchasing an additional 268,477 shares in the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Stock Performance

THRM stock opened at $57.58 on Friday. The firm has a market cap of $1.82 billion, a PE ratio of 46.81 and a beta of 1.49. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $52.90 and a 200-day moving average of $50.96. Gentherm Incorporated has a 12-month low of $38.21 and a 12-month high of $66.54.

Gentherm (NASDAQ:THRMGet Free Report) last released its earnings results on Wednesday, February 21st. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.36. Gentherm had a return on equity of 12.91% and a net margin of 2.75%. The company had revenue of $366.93 million during the quarter, compared to analyst estimates of $364.40 million. During the same period in the prior year, the company posted $0.47 earnings per share. Gentherm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that Gentherm Incorporated will post 2.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Argus lowered Gentherm from a “buy” rating to a “hold” rating in a report on Monday, December 4th. StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Robert W. Baird boosted their price objective on Gentherm from $60.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Gentherm from $58.00 to $63.00 and gave the stock an “underweight” rating in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Gentherm has a consensus rating of “Hold” and a consensus price target of $66.75.

Check Out Our Latest Stock Report on THRM

Gentherm Profile

(Free Report)

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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