Clearbridge Investments LLC Takes Position in Gentherm Incorporated (NASDAQ:THRM)

Clearbridge Investments LLC bought a new stake in Gentherm Incorporated (NASDAQ:THRM – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,400 shares of the auto parts company’s stock, valued at approximately $222,000.

Several other hedge funds also recently bought and sold shares of THRM. Quadrant Capital Group LLC lifted its stake in Gentherm by 177.7% in the third quarter. Quadrant Capital Group LLC now owns 672 shares of the auto parts company’s stock valued at $33,000 after acquiring an additional 430 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Gentherm in the third quarter worth $33,000. Ronald Blue Trust Inc. increased its position in Gentherm by 13.1% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,451 shares of the auto parts company’s stock worth $72,000 after buying an additional 168 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in Gentherm during the fourth quarter worth $98,000. Finally, Ellevest Inc. raised its holdings in Gentherm by 12.4% during the fourth quarter. Ellevest Inc. now owns 1,518 shares of the auto parts company’s stock valued at $99,000 after buying an additional 168 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other Gentherm news, SVP Barbara J. Runyon sold 3,748 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $59.85, for a total value of $224,317.80. Following the completion of the sale, the senior vice president now owns 22,236 shares in the company, valued at approximately $1,330,824.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Robert W. Baird lowered their price objective on Gentherm from $88.00 to $82.00 and set an “outperform” rating on the stock in a report on Thursday, February 23rd. JPMorgan Chase & Co. lowered their price target on Gentherm from $64.00 to $61.00 and set an “underweight” rating on the stock in a report on Thursday, February 23rd. TheStreet cut shares of Gentherm from a “b-” rating to a “c” rating in a research note on Wednesday, February 22nd. Finally, StockNews.com initiated coverage on shares of Gentherm in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Gentherm currently has an average rating of “Hold” and an average price target of $74.33.

Gentherm Stock Up 1.9 %

Shares of THRM stock opened at $57.12 on Monday. The stock has a 50 day moving average of $57.94 and a 200-day moving average of $65.22. The firm has a market cap of $1.89 billion, a PE ratio of 93.64 and a beta of 1.38. The company has a quick ratio of 1.61, a current ratio of 2.32 and a debt-to-equity ratio of 0.34. Gentherm Incorporated has a 12 month low of $49.45 and a 12 month high of $76.13.

Gentherm (NASDAQ:THRM – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The auto parts company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). Gentherm had a net margin of 1.59% and a return on equity of 9.74%. The company had revenue of $363.60 million during the quarter, compared to the consensus estimate of $357.56 million. During the same period last year, the company earned $0.41 earnings per share. Gentherm’s revenue for the quarter was up 35.8% on a year-over-year basis. On average, equities analysts predict that Gentherm Incorporated will post 2.51 EPS for the current year.

Gentherm Company Profile

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Gentherm, Inc engages in the designing, development, manufacturing, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Medical. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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