Invesco Ltd. Has $9.54 Million Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Invesco Ltd. lifted its position in Gentherm Incorporated (NASDAQ:THRM) by 16.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 238,975 shares of the auto parts company’s stock after acquiring an additional 34,353 shares during the quarter. Invesco Ltd. owned approximately 0.77% of Gentherm worth $9,541,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Gentherm by 234.8% in the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock valued at $2,861,000 after purchasing an additional 43,108 shares in the last quarter. JPMorgan Chase & Co. raised its position in Gentherm by 46.0% during the third quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company’s stock valued at $3,158,000 after buying an additional 21,376 shares during the period. Moody National Bank Trust Division boosted its position in Gentherm by 48.3% during the 4th quarter. Moody National Bank Trust Division now owns 17,791 shares of the auto parts company’s stock worth $710,000 after acquiring an additional 5,795 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in Gentherm by 34.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 5,994 shares of the auto parts company’s stock valued at $239,000 after acquiring an additional 1,525 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in Gentherm by 14.5% during the 4th quarter. Inspire Investing LLC now owns 10,091 shares of the auto parts company’s stock valued at $403,000 after acquiring an additional 1,276 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Price Performance

Shares of THRM opened at $24.82 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The firm has a market cap of $764.18 million, a PE ratio of 11.99 and a beta of 1.46. The firm’s 50 day moving average price is $29.00 and its 200 day moving average price is $36.65. Gentherm Incorporated has a twelve month low of $22.75 and a twelve month high of $56.72.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share 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 the consensus estimate of $360.29 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 EPS. As a group, research analysts expect that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

THRM has been the subject of several research reports. StockNews.com cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. Robert W. Baird lowered their price target on shares of Gentherm from $39.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th.

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.