SG Americas Securities LLC Has $2.04 Million Stock Position in Gentherm Inc $THRM

SG Americas Securities LLC boosted its holdings in Gentherm Inc (NASDAQ:THRM) by 50.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,071 shares of the auto parts company’s stock after purchasing an additional 18,718 shares during the quarter. SG Americas Securities LLC owned about 0.18% of Gentherm worth $2,039,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Gentherm by 5.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,613 shares of the auto parts company’s stock valued at $2,904,000 after acquiring an additional 5,824 shares in the last quarter. Millennium Management LLC grew its holdings in Gentherm by 93.4% in the first quarter. Millennium Management LLC now owns 155,617 shares of the auto parts company’s stock worth $4,161,000 after purchasing an additional 75,170 shares during the period. Jane Street Group LLC grew its holdings in Gentherm by 389.2% in the first quarter. Jane Street Group LLC now owns 84,403 shares of the auto parts company’s stock worth $2,257,000 after purchasing an additional 67,150 shares during the period. JPMorgan Chase & Co. increased its stake in Gentherm by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 108,251 shares of the auto parts company’s stock valued at $3,062,000 after purchasing an additional 1,850 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Gentherm by 8.0% in the second quarter. Franklin Resources Inc. now owns 12,913 shares of the auto parts company’s stock valued at $365,000 after purchasing an additional 953 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

Gentherm Stock Performance

Shares of Gentherm stock opened at $27.76 on Friday. Gentherm Inc has a 52 week low of $22.75 and a 52 week high of $39.48. The company has a quick ratio of 1.30, a current ratio of 1.92 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $30.85 and a 200-day moving average price of $34.33. The company has a market cap of $850.84 million, a PE ratio of 45.51 and a beta of 1.34.

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

Wall Street Analyst Weigh In

THRM has been the topic of a number of research analyst reports. Loop Capital set a $38.00 price objective on shares of Gentherm in a research report on Wednesday, February 25th. Robert W. Baird dropped their price target on Gentherm from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Stifel Nicolaus started coverage on Gentherm in a report on Monday, February 23rd. They issued a “buy” rating and a $41.00 price target on the stock. Wall Street Zen cut Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Argus upgraded Gentherm to a “hold” rating in a report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $39.40.

About Gentherm

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.