Nano Cap New Millennium Growth Fund L P Purchases Shares of 95,001 Gentherm Inc $THRM

Nano Cap New Millennium Growth Fund L P bought a new position in shares of Gentherm Inc (NASDAQ:THRM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 95,001 shares of the auto parts company’s stock, valued at approximately $3,455,000. Gentherm accounts for 2.9% of Nano Cap New Millennium Growth Fund L P’s investment portfolio, making the stock its 2nd largest position. Nano Cap New Millennium Growth Fund L P owned 0.31% of Gentherm as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Gentherm by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 3,332,197 shares of the auto parts company’s stock worth $121,192,000 after purchasing an additional 29,214 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Gentherm by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,361,684 shares of the auto parts company’s stock worth $46,380,000 after buying an additional 18,259 shares during the period. Harvey Partners LLC lifted its holdings in Gentherm by 72.6% in the third quarter. Harvey Partners LLC now owns 1,024,500 shares of the auto parts company’s stock worth $34,894,000 after buying an additional 431,072 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in Gentherm by 46.7% in the third quarter. Segall Bryant & Hamill LLC now owns 997,125 shares of the auto parts company’s stock worth $33,962,000 after buying an additional 317,246 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Gentherm by 42.8% in the third quarter. Ameriprise Financial Inc. now owns 635,066 shares of the auto parts company’s stock worth $21,630,000 after buying an additional 190,432 shares during the period. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on THRM. JPMorgan Chase & Co. raised their price objective on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Argus upgraded shares of Gentherm to a “hold” rating in a report on Friday, February 27th. Roth Mkm lowered their price objective on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Finally, Loop Capital set a $38.00 target price on shares of Gentherm in a research note on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.40.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $31.83 on Friday. The company has a market capitalization of $976.13 million, a price-to-earnings ratio of 42.44 and a beta of 1.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.97. Gentherm Inc has a fifty-two week low of $25.76 and a fifty-two week high of $39.48. The company has a 50 day simple moving average of $29.24 and a two-hundred day simple moving average of $33.12.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.31. The business had revenue of $393.71 million during the quarter, compared to analysts’ expectations of $363.82 million. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. Analysts expect that Gentherm Inc will post 2.74 EPS for the current fiscal year.

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.