Gentherm Incorporated (NASDAQ:THRM) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 21.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,844 shares of the auto parts company’s stock after purchasing an additional 1,744 shares during the quarter. Franklin Resources Inc.’s holdings in Gentherm were worth $393,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. Raymond James Financial Inc. acquired a new position in Gentherm during the fourth quarter worth $15,400,000. Segall Bryant & Hamill LLC boosted its position in shares of Gentherm by 42.9% during the 4th quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company’s stock valued at $20,962,000 after acquiring an additional 157,544 shares during the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Gentherm by 23.8% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after purchasing an additional 150,310 shares during the period. JPMorgan Chase & Co. raised its stake in Gentherm by 136.1% during the fourth quarter. JPMorgan Chase & Co. now owns 160,176 shares of the auto parts company’s stock worth $6,395,000 after purchasing an additional 92,345 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Gentherm by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company’s stock valued at $146,427,000 after purchasing an additional 74,758 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Robert W. Baird reduced their price target on shares of Gentherm from $39.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday. StockNews.com downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th.

Gentherm Price Performance

THRM stock opened at $24.39 on Friday. The business’s fifty day moving average price is $29.89 and its 200 day moving average price is $37.17. Gentherm Incorporated has a 12-month low of $22.75 and a 12-month high of $56.72. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $750.94 million, a PE ratio of 11.78 and a beta of 1.46.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). The business had revenue of $352.91 million for the quarter, compared to analysts’ expectations of $360.29 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.90 earnings per share. On average, sell-side analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current year.

Gentherm Company 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.