Legato Capital Management LLC Buys 37,223 Shares of Gentherm Inc $THRM

Legato Capital Management LLC boosted its stake in shares of Gentherm Inc (NASDAQ:THRM) by 157.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,874 shares of the auto parts company’s stock after purchasing an additional 37,223 shares during the period. Legato Capital Management LLC owned about 0.20% of Gentherm worth $2,214,000 at the end of the most recent reporting period.

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

Gentherm Stock Performance

Shares of NASDAQ THRM opened at $32.74 on Friday. The firm has a fifty day moving average price of $29.31 and a 200-day moving average price of $33.11. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.97 and a quick ratio of 1.36. The stock has a market cap of $1.00 billion, a PE ratio of 43.65 and a beta of 1.35. Gentherm Inc has a 1 year low of $25.76 and a 1 year high of $39.48.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.31. The firm 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 company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 earnings per share. Equities analysts anticipate that Gentherm Inc will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on THRM shares. Loop Capital set a $38.00 price target on shares of Gentherm in a research report on Wednesday, February 25th. Robert W. Baird increased their price target on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Stifel Nicolaus increased their price target on shares of Gentherm from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Argus upgraded shares of Gentherm to a “hold” rating in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Gentherm currently has an average rating of “Hold” and a consensus price target of $37.40.

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.