14,563 Shares in Gentherm Inc $THRM Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in shares of Gentherm Inc (NASDAQ:THRM) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,563 shares of the auto parts company’s stock, valued at approximately $405,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Gentherm by 160.3% during the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 500 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Gentherm in the fourth quarter worth approximately $35,000. Eagle Bay Advisors LLC purchased a new position in shares of Gentherm in the fourth quarter worth approximately $50,000. Palladiem LLC bought a new stake in Gentherm during the fourth quarter valued at approximately $52,000. Finally, Nisa Investment Advisors LLC grew its position in Gentherm by 21.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock valued at $73,000 after buying an additional 353 shares during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on THRM. 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. Weiss Ratings raised shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Robert W. Baird raised their target price on Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. lifted their target price on Gentherm from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $37.40.

Gentherm Price Performance

NASDAQ THRM opened at $35.89 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.36 and a debt-to-equity ratio of 0.31. Gentherm Inc has a 12 month low of $27.00 and a 12 month high of $39.48. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 47.85 and a beta of 1.38. The company’s 50 day moving average is $34.25 and its two-hundred day moving average is $32.85.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.31. The business had revenue of $393.71 million during the quarter, compared to analyst estimates of $363.81 million. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. As a group, research analysts anticipate that Gentherm Inc will post 2.75 earnings per share for the current 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.