KLP Kapitalforvaltning AS Takes $407,000 Position in Gentherm Incorporated (NASDAQ:THRM)

KLP Kapitalforvaltning AS bought a new position in shares of Gentherm Incorporated (NASDAQ:THRM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,200 shares of the auto parts company’s stock, valued at approximately $407,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Gentherm by 2.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock valued at $54,448,000 after buying an additional 23,051 shares during the period. Global Alpha Capital Management Ltd. raised its position in Gentherm by 23.8% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after acquiring an additional 150,310 shares in the last quarter. FMR LLC lifted its holdings in Gentherm by 26.8% in the third quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock valued at $23,629,000 after acquiring an additional 107,322 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Gentherm by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 486,565 shares of the auto parts company’s stock worth $19,426,000 after purchasing an additional 25,736 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Gentherm during the 4th quarter worth approximately $15,400,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Price Performance

Gentherm stock opened at $25.23 on Friday. The company has a fifty day simple moving average of $32.96 and a 200-day simple moving average of $38.94. The firm has a market capitalization of $776.81 million, a price-to-earnings ratio of 12.19 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 $24.00 and a 52-week high of $56.72.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data 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). Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The business had revenue of $352.91 million for the quarter, compared to analysts’ expectations of $360.29 million. During the same period in the prior year, the company posted $0.90 EPS. The firm’s revenue was down 3.8% on a year-over-year basis. On average, equities analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on THRM. StockNews.com downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price target on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Robert W. Baird lowered their price objective on Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th.

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.