Midas Management Corp maintained its position in Gentherm Inc (NASDAQ:THRM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,700 shares of the auto parts company’s stock at the end of the second quarter. Midas Management Corp’s holdings in Gentherm were worth $337,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in Gentherm by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the auto parts company’s stock worth $158,000 after buying an additional 90 shares during the last quarter. Blair William & Co. IL boosted its position in Gentherm by 119.0% in the first quarter. Blair William & Co. IL now owns 46,915 shares of the auto parts company’s stock worth $1,841,000 after buying an additional 25,493 shares during the last quarter. Legato Capital Management LLC acquired a new position in Gentherm during the second quarter worth approximately $1,416,000. Envestnet Asset Management Inc. boosted its position in Gentherm by 185.0% in the first quarter. Envestnet Asset Management Inc. now owns 6,142 shares of the auto parts company’s stock worth $242,000 after buying an additional 3,987 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Gentherm by 19.4% in the first quarter. Ameriprise Financial Inc. now owns 437,943 shares of the auto parts company’s stock worth $17,190,000 after buying an additional 71,225 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.
Shares of Gentherm Inc (NASDAQ:THRM) traded up 0.33% on Friday, reaching $30.45. 466,893 shares of the company’s stock traded hands. The company’s 50-day moving average price is $36.81 and its 200 day moving average price is $36.81. Gentherm Inc has a one year low of $26.60 and a one year high of $40.80. The firm has a market cap of $1.12 billion, a P/E ratio of 13.97 and a beta of 1.93.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.38. Gentherm had a return on equity of 16.34% and a net margin of 8.34%. The company had revenue of $243.40 million for the quarter, compared to the consensus estimate of $244.48 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts forecast that Gentherm Inc will post $2.00 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on THRM shares. Zacks Investment Research upgraded Gentherm from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Wednesday, May 3rd. BidaskClub cut Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. FBR & Co restated an “outperform” rating and set a $45.00 price objective on shares of Gentherm in a report on Wednesday, May 31st. BMO Capital Markets cut their price target on Gentherm from $46.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, August 1st. Finally, Craig Hallum cut Gentherm from a “buy” rating to a “hold” rating and cut their price target for the company from $44.00 to $38.00 in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Gentherm currently has an average rating of “Hold” and an average price target of $40.75.
In other news, VP Erin Erwine Ascher sold 1,800 shares of Gentherm stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $39.17, for a total transaction of $70,506.00. Following the completion of the sale, the vice president now directly owns 23,839 shares of the company’s stock, valued at approximately $933,773.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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