Bank of Montreal Can boosted its stake in shares of Gentherm Inc (NASDAQ:THRM) by 21.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,431 shares of the auto parts company’s stock after purchasing an additional 7,841 shares during the period. Bank of Montreal Can owned approximately 0.12% of Gentherm worth $2,020,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of THRM. grace capital purchased a new position in Gentherm during the second quarter worth approximately $157,000. Zions Bancorporation raised its stake in Gentherm by 55.2% during the second quarter. Zions Bancorporation now owns 4,275 shares of the auto parts company’s stock worth $168,000 after purchasing an additional 1,520 shares during the period. Sei Investments Co. raised its stake in Gentherm by 59.0% during the second quarter. Sei Investments Co. now owns 4,915 shares of the auto parts company’s stock worth $193,000 after purchasing an additional 1,824 shares during the period. First Mercantile Trust Co. raised its stake in Gentherm by 634.3% during the second quarter. First Mercantile Trust Co. now owns 5,140 shares of the auto parts company’s stock worth $202,000 after purchasing an additional 4,440 shares during the period. Finally, Amalgamated Bank purchased a new position in Gentherm during the second quarter worth approximately $212,000.
Several equities research analysts have recently issued reports on THRM shares. JPMorgan Chase & Co. lowered shares of Gentherm from an “overweight” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research report on Friday, October 19th. Zacks Investment Research raised shares of Gentherm from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, August 29th. Barrington Research reissued a “buy” rating and issued a $50.00 price objective on shares of Gentherm in a research report on Friday, October 5th. ValuEngine lowered shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, TheStreet lowered shares of Gentherm from a “b” rating to a “c” rating in a research report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.20.
In related news, insider Frithjof Oldorff sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $49.15, for a total transaction of $983,000.00. Following the completion of the sale, the insider now directly owns 57,442 shares of the company’s stock, valued at approximately $2,823,274.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by company insiders.
THRM opened at $43.53 on Friday. The firm has a market cap of $1.53 billion, a P/E ratio of 18.84 and a beta of 1.38. Gentherm Inc has a twelve month low of $30.17 and a twelve month high of $50.30. The company has a quick ratio of 1.94, a current ratio of 2.55 and a debt-to-equity ratio of 0.18.
Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, October 25th. The auto parts company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.05). The firm had revenue of $258.94 million for the quarter, compared to analyst estimates of $261.61 million. Gentherm had a net margin of 2.31% and a return on equity of 14.28%. Equities analysts forecast that Gentherm Inc will post 2.24 earnings per share for the current year.
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Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.
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