Chatham Capital Group Inc. raised its position in Gentherm Inc (NASDAQ:THRM) by 0.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 45,914 shares of the auto parts company’s stock after acquiring an additional 303 shares during the period. Chatham Capital Group Inc. owned about 0.14% of Gentherm worth $1,692,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in THRM. Millennium Management LLC lifted its position in shares of Gentherm by 1,465.0% during the 4th quarter. Millennium Management LLC now owns 271,724 shares of the auto parts company’s stock valued at $10,864,000 after acquiring an additional 254,361 shares during the period. Norges Bank bought a new stake in Gentherm during the fourth quarter worth $9,992,000. Morgan Stanley lifted its holdings in Gentherm by 98.8% during the third quarter. Morgan Stanley now owns 209,549 shares of the auto parts company’s stock worth $9,523,000 after acquiring an additional 104,141 shares during the period. Pembroke Management LTD lifted its holdings in Gentherm by 15.6% during the first quarter. Pembroke Management LTD now owns 514,747 shares of the auto parts company’s stock worth $18,974,000 after acquiring an additional 69,575 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Gentherm by 1.9% during the third quarter. Vanguard Group Inc. now owns 3,595,329 shares of the auto parts company’s stock worth $163,408,000 after acquiring an additional 66,085 shares during the period.
In other Gentherm news, insider Frithjof Oldorff sold 10,230 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $38.79, for a total transaction of $396,821.70. Following the completion of the transaction, the insider now owns 36,218 shares of the company’s stock, valued at approximately $1,404,896.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kenneth John Phillips sold 1,345 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $39.46, for a total value of $53,073.70. Following the transaction, the vice president now owns 16,069 shares in the company, valued at approximately $634,082.74. The disclosure for this sale can be found here. In the last three months, insiders sold 31,797 shares of company stock valued at $1,305,571. 1.50% of the stock is currently owned by corporate insiders.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.12. Gentherm had a return on equity of 14.71% and a net margin of 3.61%. The firm had revenue of $257.92 million during the quarter, compared to analyst estimates of $250.39 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue was down 2.5% compared to the same quarter last year. On average, research analysts anticipate that Gentherm Inc will post 2.14 earnings per share for the current year.
THRM has been the topic of a number of recent analyst reports. TheStreet upgraded Gentherm from a “c” rating to a “b-” rating in a report on Friday, February 22nd. BidaskClub raised Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Barrington Research reissued a “buy” rating and issued a $50.00 target price on shares of Gentherm in a research report on Tuesday, February 19th. Zacks Investment Research raised Gentherm from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Craig Hallum cut Gentherm from a “buy” rating to a “hold” rating and reduced their price target for the company from $48.00 to $46.00 in a research report on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Gentherm has an average rating of “Hold” and a consensus price target of $45.22.
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Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. 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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