Bank of Montreal Can Buys 1,067 Shares of Gentherm Incorporated (NASDAQ:THRM)

Bank of Montreal Can boosted its position in Gentherm Incorporated (NASDAQ:THRM) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,167 shares of the auto parts company’s stock after acquiring an additional 1,067 shares during the quarter. Bank of Montreal Can’s holdings in Gentherm were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in THRM. Barclays PLC increased its position in shares of Gentherm by 234.8% during the 3rd 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 during the last quarter. JPMorgan Chase & Co. grew 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 acquiring an additional 21,376 shares during the last quarter. Moody National Bank Trust Division raised its stake in shares of Gentherm by 48.3% during the fourth 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 in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Gentherm by 34.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 5,994 shares of the auto parts company’s stock worth $239,000 after acquiring an additional 1,525 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Gentherm by 14.5% in the 4th quarter. Inspire Investing LLC now owns 10,091 shares of the auto parts company’s stock valued at $403,000 after purchasing an additional 1,276 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Stock Performance

Gentherm stock opened at $24.74 on Friday. 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 firm has a market cap of $761.72 million, a P/E ratio of 11.95 and a beta of 1.46. Gentherm Incorporated has a 1-year low of $22.75 and a 1-year high of $56.72. The firm has a 50-day moving average of $28.79 and a 200-day moving average of $36.54.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. During the same period last year, the company posted $0.62 EPS. Sell-side analysts expect that Gentherm Incorporated will post 3.1 EPS for the current year.

Wall Street Analysts Forecast Growth

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

About Gentherm

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.