Amundi Raises Holdings in Gentherm Incorporated (NASDAQ:THRM)

Amundi increased its holdings in Gentherm Incorporated (NASDAQ:THRM) by 185.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,143 shares of the auto parts company’s stock after acquiring an additional 9,839 shares during the period. Amundi’s holdings in Gentherm were worth $595,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Natixis Advisors LLC raised its stake in shares of Gentherm by 12.2% in the third quarter. Natixis Advisors LLC now owns 15,938 shares of the auto parts company’s stock valued at $742,000 after acquiring an additional 1,729 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Gentherm by 43.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 11,297 shares of the auto parts company’s stock valued at $526,000 after purchasing an additional 3,427 shares during the last quarter. Intech Investment Management LLC acquired a new position in Gentherm in the 3rd quarter valued at about $1,533,000. Charles Schwab Investment Management Inc. increased its position in Gentherm by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock valued at $21,452,000 after acquiring an additional 5,754 shares during the period. Finally, Eagle Asset Management Inc. increased its position in Gentherm by 2.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 235,563 shares of the auto parts company’s stock valued at $10,259,000 after acquiring an additional 5,925 shares during the period. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Stock Down 0.2 %

Shares of Gentherm stock opened at $30.37 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. Gentherm Incorporated has a 1-year low of $29.75 and a 1-year high of $57.96. The business has a 50-day moving average of $35.46 and a 200-day moving average of $40.39. The company has a market capitalization of $935.06 million, a PE ratio of 14.67 and a beta of 1.45.

Gentherm (NASDAQ:THRM) last issued its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business had revenue of $352.91 million during the quarter, compared to the consensus estimate of $360.29 million. During the same period in the prior year, the business earned $0.90 EPS. The business’s revenue was down 3.8% on a year-over-year basis. As a group, equities analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on THRM. Robert W. Baird lowered their price target on Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. StockNews.com cut Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th.

Gentherm 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.