Handelsbanken Fonder AB Increases Stake in Gentherm Incorporated (NASDAQ:THRM)

Handelsbanken Fonder AB increased its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 9.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,916 shares of the auto parts company’s stock after purchasing an additional 500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Gentherm were worth $310,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in THRM. RK Capital Management LLC bought a new stake in Gentherm in the third quarter worth about $11,020,000. Van Berkom & Associates Inc. raised its holdings in shares of Gentherm by 10.8% in the third quarter. Van Berkom & Associates Inc. now owns 1,173,567 shares of the auto parts company’s stock worth $63,678,000 after buying an additional 114,445 shares during the period. Trigran Investments Inc. lifted its stake in shares of Gentherm by 6.1% during the 3rd quarter. Trigran Investments Inc. now owns 1,704,687 shares of the auto parts company’s stock worth $92,496,000 after acquiring an additional 97,293 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Gentherm by 127.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 169,381 shares of the auto parts company’s stock valued at $9,191,000 after acquiring an additional 94,809 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Gentherm by 47.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,335 shares of the auto parts company’s stock valued at $10,870,000 after acquiring an additional 64,352 shares during the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Phillip Eyler sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $55.17, for a total value of $827,550.00. Following the completion of the transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $8,127,478.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.91% of the company’s stock.

Gentherm Price Performance

THRM opened at $51.49 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.48 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $54.13 and its 200-day simple moving average is $50.50. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 35.27 and a beta of 1.49. Gentherm Incorporated has a 12-month low of $38.21 and a 12-month high of $66.54.

Gentherm (NASDAQ:THRM) last issued its earnings results on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.19. Gentherm had a net margin of 3.23% and a return on equity of 13.56%. The company had revenue of $356.00 million for the quarter, compared to analysts’ expectations of $361.11 million. During the same period in the prior year, the business earned $0.49 EPS. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. On average, equities research analysts anticipate that Gentherm Incorporated will post 2.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on THRM shares. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Robert W. Baird lowered their price objective on shares of Gentherm from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $65.75.

Gentherm Profile

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.