Royce & Associates LP Makes New Investment in Gentherm Inc $THRM

Royce & Associates LP bought a new position in shares of Gentherm Inc (NASDAQ:THRM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 332,135 shares of the auto parts company’s stock, valued at approximately $12,080,000. Royce & Associates LP owned 1.09% of Gentherm at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Connors Investor Services Inc. raised its stake in Gentherm by 6.0% during the fourth quarter. Connors Investor Services Inc. now owns 52,578 shares of the auto parts company’s stock worth $1,912,000 after purchasing an additional 2,986 shares during the period. Legato Capital Management LLC raised its stake in shares of Gentherm by 157.4% in the 4th quarter. Legato Capital Management LLC now owns 60,874 shares of the auto parts company’s stock valued at $2,214,000 after acquiring an additional 37,223 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Gentherm in the 4th quarter valued at approximately $3,455,000. Leonteq Securities AG purchased a new stake in shares of Gentherm in the 4th quarter valued at approximately $170,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Gentherm in the 4th quarter valued at approximately $215,000. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Price Performance

Shares of THRM opened at $34.71 on Thursday. Gentherm Inc has a fifty-two week low of $25.76 and a fifty-two week high of $39.48. The firm’s 50 day moving average price is $29.65 and its 200 day moving average price is $33.02. The company has a market cap of $1.06 billion, a P/E ratio of 46.28 and a beta of 1.35. The company has a quick ratio of 1.36, a current ratio of 1.97 and a debt-to-equity ratio of 0.31.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird boosted their price target on shares of Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Loop Capital set a $38.00 price target on shares of Gentherm in a research note on Wednesday, February 25th. Wall Street Zen raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Argus raised shares of Gentherm to a “hold” rating in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Gentherm currently has an average rating of “Hold” and a consensus price target of $37.40.

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.