GW&K Investment Management LLC Decreases Holdings in Gentherm Inc $THRM

GW&K Investment Management LLC lessened its stake in shares of Gentherm Inc (NASDAQ:THRM) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 856,297 shares of the auto parts company’s stock after selling 39,127 shares during the period. GW&K Investment Management LLC owned about 2.81% of Gentherm worth $31,144,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in THRM. Farther Finance Advisors LLC increased its holdings in Gentherm by 160.3% during the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after buying an additional 500 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Gentherm during the 4th quarter worth $35,000. Eagle Bay Advisors LLC bought a new position in shares of Gentherm during the 4th quarter worth $50,000. Palladiem LLC bought a new position in shares of Gentherm during the 4th quarter worth $52,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Gentherm by 21.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock worth $73,000 after acquiring an additional 353 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Loop Capital set a $38.00 price target on Gentherm in a research note on Wednesday, February 25th. JPMorgan Chase & Co. lifted their target price on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Argus upgraded shares of Gentherm to a “hold” rating in a research note on Friday, February 27th. Weiss Ratings upgraded shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Gentherm presently has a consensus rating of “Hold” and a consensus target price of $37.40.

Gentherm Stock Performance

Shares of THRM opened at $35.06 on Thursday. The stock’s 50-day simple moving average is $31.27 and its 200 day simple moving average is $33.07. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 46.75 and a beta of 1.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.97. Gentherm Inc has a 52-week low of $27.00 and a 52-week high of $39.48.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.31. The business had revenue of $393.71 million for the quarter, compared to analysts’ expectations of $363.82 million. Gentherm had a return on equity of 11.25% and a net margin of 1.47%.The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. Research analysts forecast that Gentherm Inc will post 2.74 EPS for the current fiscal year.

Gentherm Company Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.