Charles Schwab Investment Management Inc. Boosts Holdings in Gentherm Incorporated (NASDAQ:THRM)

Charles Schwab Investment Management Inc. boosted its position in Gentherm Incorporated (NASDAQ:THRM) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 486,565 shares of the auto parts company’s stock after buying an additional 25,736 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.57% of Gentherm worth $19,426,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP grew its position in Gentherm by 952.9% in the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after buying an additional 486 shares during the last quarter. KBC Group NV grew its position in Gentherm by 82.2% in the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after buying an additional 822 shares during the last quarter. Palouse Capital Management Inc. grew its position 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 valued at $143,000 after buying an additional 1,714 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its position in Gentherm by 37.8% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company’s stock valued at $185,000 after buying an additional 1,270 shares during the last quarter. Finally, Olympiad Research LP purchased a new position in Gentherm in the 4th quarter valued at $201,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Gentherm Trading Down 0.5 %

NASDAQ:THRM opened at $30.44 on Thursday. The company has a market capitalization of $937.22 million, a PE ratio of 14.71 and a beta of 1.45. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. Gentherm Incorporated has a 52-week low of $29.75 and a 52-week high of $57.96. The stock has a fifty day simple moving average of $35.63 and a 200-day simple moving average of $40.46.

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

Gentherm Company Profile

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.