Gentherm Incorporated (NASDAQ:THRM) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 21.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 350,050 shares of the auto parts company’s stock after acquiring an additional 62,483 shares during the period. Ameriprise Financial Inc. owned approximately 1.13% of Gentherm worth $13,976,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in THRM. Barclays PLC grew 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. grew its holdings in shares of Gentherm by 46.0% in the third quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company’s stock valued at $3,158,000 after purchasing an additional 21,376 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Gentherm by 34.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 5,994 shares of the auto parts company’s stock valued at $239,000 after purchasing an additional 1,525 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Gentherm by 14.5% in the fourth 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. Finally, Linden Thomas Advisory Services LLC grew its holdings in shares of Gentherm by 8.9% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,746 shares of the auto parts company’s stock valued at $589,000 after purchasing an additional 1,209 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Gentherm from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, StockNews.com cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th.

Gentherm Stock Up 0.5%

Shares of Gentherm stock opened at $28.13 on Friday. Gentherm Incorporated has a 52-week low of $22.75 and a 52-week high of $56.68. The company has a 50 day moving average of $26.77 and a 200 day moving average of $34.84. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $868.09 million, a P/E ratio of 13.59 and a beta of 1.44.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The company had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. As a group, research analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO William T. Presley acquired 3,000 shares of Gentherm stock in a transaction dated Friday, April 25th. The stock was acquired at an average price of $24.67 per share, for a total transaction of $74,010.00. Following the transaction, the chief executive officer now owns 161,103 shares of the company’s stock, valued at $3,974,411.01. This represents a 1.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

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.