Mirae Asset Global Investments Co. Ltd. Raises Stake in Gentherm Inc (NASDAQ:THRM)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 12.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,477 shares of the auto parts company’s stock after acquiring an additional 1,676 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of Gentherm worth $424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Signaturefd LLC raised its position in shares of Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 463 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Gentherm during the 1st quarter valued at about $26,000. Versant Capital Management Inc bought a new stake in Gentherm during the 1st quarter valued at about $28,000. Quarry LP raised its holdings in Gentherm by 226.8% in the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company’s stock worth $70,000 after buying an additional 1,218 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of Gentherm by 117.1% in the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock worth $73,000 after buying an additional 991 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Price Performance

Shares of NASDAQ:THRM opened at $30.74 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.49 and a current ratio of 2.16. The firm has a market cap of $948.64 million, a price-to-earnings ratio of 19.21 and a beta of 1.42. The business has a 50-day simple moving average of $27.56 and a two-hundred day simple moving average of $31.27. Gentherm Inc has a fifty-two week low of $22.75 and a fifty-two week high of $56.68.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $353.85 million during the quarter, compared to analysts’ expectations of $347.39 million. Gentherm had a net margin of 3.44% and a return on equity of 10.81%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. On average, analysts expect that Gentherm Inc will post 3.1 earnings per share for the current year.

Analyst Ratings Changes

Separately, Robert W. Baird raised their price target on shares of Gentherm from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, April 25th.

Insider Transactions at Gentherm

In other Gentherm news, CEO William T. Presley bought 3,000 shares of Gentherm stock in a transaction on Friday, April 25th. The stock was acquired at an average cost of $24.67 per share, with a total value of $74,010.00. Following the completion of the acquisition, the chief executive officer owned 161,103 shares in the company, valued at approximately $3,974,411.01. This represents a 1.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

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.