Gentherm Inc $THRM Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 17.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 377,390 shares of the auto parts company’s stock after purchasing an additional 54,967 shares during the period. American Century Companies Inc. owned approximately 1.24% of Gentherm worth $10,676,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Trigran Investments Inc. lifted its stake in Gentherm by 11.0% during the first quarter. Trigran Investments Inc. now owns 2,210,388 shares of the auto parts company’s stock valued at $59,106,000 after purchasing an additional 219,450 shares during the last quarter. Global Alpha Capital Management Ltd. grew its position in Gentherm by 23.5% in the second quarter. Global Alpha Capital Management Ltd. now owns 1,109,383 shares of the auto parts company’s stock worth $31,384,000 after buying an additional 211,300 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Gentherm by 4.4% in the second quarter. Geode Capital Management LLC now owns 762,709 shares of the auto parts company’s stock valued at $21,579,000 after buying an additional 32,140 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of Gentherm by 32.3% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 679,879 shares of the auto parts company’s stock valued at $19,234,000 after acquiring an additional 166,057 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Gentherm by 8.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 529,708 shares of the auto parts company’s stock valued at $14,164,000 after acquiring an additional 43,143 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

Gentherm Price Performance

THRM opened at $37.06 on Friday. The stock has a fifty day moving average price of $35.53 and a 200 day moving average price of $33.06. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 0.26. Gentherm Inc has a 1 year low of $22.75 and a 1 year high of $43.99. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 37.06 and a beta of 1.38.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, October 23rd. The auto parts company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.09. The company had revenue of $386.87 million for the quarter, compared to analyst estimates of $374.75 million. Gentherm had a return on equity of 9.55% and a net margin of 2.08%.The business’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. Analysts forecast that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on THRM. Weiss Ratings cut Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Zacks Research downgraded Gentherm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. upped their price objective on shares of Gentherm from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Finally, Robert W. Baird set a $42.00 target price on shares of Gentherm in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Gentherm currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

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.