AlphaQuest LLC Acquires 5,389 Shares of Gentherm Incorporated (NASDAQ:THRM)

AlphaQuest LLC lifted its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 72.6% during the fourth quarter, HoldingsChannel reports. The firm owned 12,810 shares of the auto parts company’s stock after purchasing an additional 5,389 shares during the quarter. AlphaQuest LLC’s holdings in Gentherm were worth $511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Quarry LP raised its stake in shares of Gentherm by 952.9% during the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 486 shares during the period. Gladius Capital Management LP purchased a new stake in Gentherm in the 3rd quarter worth about $44,000. KBC Group NV increased its holdings in Gentherm by 82.2% in the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after acquiring an additional 822 shares during the last quarter. MeadowBrook Investment Advisors LLC increased its holdings in Gentherm by 8.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after acquiring an additional 260 shares during the last quarter. Finally, Palouse Capital Management Inc. increased its holdings in Gentherm by 91.6% in the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company’s stock worth $143,000 after acquiring an additional 1,714 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

THRM has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Robert W. Baird decreased their price objective on Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Finally, StockNews.com lowered Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th.

Gentherm Stock Down 2.0 %

THRM stock opened at $31.00 on Thursday. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $954.46 million, a PE ratio of 14.98 and a beta of 1.45. Gentherm Incorporated has a twelve month low of $30.25 and a twelve month high of $57.96. The stock has a 50-day simple moving average of $36.54 and a two-hundred day simple moving average of $41.16.

Gentherm (NASDAQ:THRM) last posted its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). The company had revenue of $352.91 million for the quarter, compared to analysts’ expectations of $360.29 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 EPS. On average, equities analysts predict that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

About Gentherm

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.