American Century Companies Inc. Grows Position in Gentherm Inc $THRM

American Century Companies Inc. increased its holdings in Gentherm Inc (NASDAQ:THRM) by 36.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 513,791 shares of the auto parts company’s stock after buying an additional 136,401 shares during the quarter. American Century Companies Inc. owned about 1.68% of Gentherm worth $17,500,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP grew its stake in shares of Gentherm by 1,609.1% in the second quarter. Allworth Financial LP now owns 940 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 885 shares during the period. PNC Financial Services Group Inc. lifted its position in Gentherm by 168.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,913 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 1,201 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Gentherm by 20.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,641 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 277 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Gentherm by 232.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock worth $89,000 after purchasing an additional 2,204 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Gentherm by 8.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,710 shares of the auto parts company’s stock worth $126,000 after purchasing an additional 304 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on THRM shares. Wall Street Zen lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Stifel Nicolaus assumed coverage on Gentherm in a report on Monday, February 23rd. They issued a “buy” rating and a $41.00 price objective for the company. Weiss Ratings cut Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Robert W. Baird lowered their target price on Gentherm from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Finally, Loop Capital set a $38.00 target price on Gentherm in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.40.

Gentherm Stock Performance

Shares of NASDAQ THRM opened at $28.91 on Wednesday. The stock has a market cap of $882.62 million, a PE ratio of 47.39 and a beta of 1.31. Gentherm Inc has a 1 year low of $22.75 and a 1 year high of $39.48. The firm has a fifty day moving average price of $34.22 and a 200-day moving average price of $35.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.92 and a quick ratio of 1.30.

Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, February 19th. The auto parts company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). The firm had revenue of $382.79 million for the quarter, compared to analysts’ expectations of $371.91 million. Gentherm had a net margin of 1.22% and a return on equity of 10.07%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 EPS. Equities analysts anticipate that Gentherm Inc will post 3.1 earnings per share for the current fiscal year.

Gentherm Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.