OP Asset Management Ltd Makes New Investment in Gentherm Inc $THRM

OP Asset Management Ltd acquired a new position in Gentherm Inc (NASDAQ:THRM) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,561 shares of the auto parts company’s stock, valued at approximately $571,000. OP Asset Management Ltd owned about 0.07% of Gentherm as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of THRM. Diversified Trust Co lifted its stake in Gentherm by 15.4% during the 1st quarter. Diversified Trust Co now owns 11,432 shares of the auto parts company’s stock valued at $318,000 after acquiring an additional 1,523 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Gentherm by 8.7% in the 4th quarter. Hsbc Holdings PLC now owns 17,968 shares of the auto parts company’s stock worth $651,000 after acquiring an additional 1,441 shares in the last quarter. MidFirst Bank bought a new stake in shares of Gentherm in the 4th quarter worth $207,000. Invesco Ltd. raised its holdings in shares of Gentherm by 20.5% in the fourth quarter. Invesco Ltd. now owns 432,287 shares of the auto parts company’s stock valued at $15,722,000 after purchasing an additional 73,466 shares during the last quarter. Finally, State of Tennessee Department of Treasury lifted its position in shares of Gentherm by 168.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 31,933 shares of the auto parts company’s stock valued at $1,161,000 after purchasing an additional 20,027 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

Gentherm Trading Up 0.4%

NASDAQ:THRM opened at $34.11 on Wednesday. The stock’s fifty day moving average price is $33.20 and its two-hundred day moving average price is $33.01. Gentherm Inc has a 1 year low of $27.00 and a 1 year high of $39.48. The company has a market cap of $1.05 billion, a P/E ratio of 45.48 and a beta of 1.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.97 and a quick ratio of 1.36.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.31. The company had revenue of $393.71 million during the quarter, compared to analyst estimates of $363.81 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 last year, the company earned $0.51 earnings per share. As a group, analysts expect that Gentherm Inc will post 2.74 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on THRM. Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Roth Mkm decreased their price target on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. JPMorgan Chase & Co. lifted their price target on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Stifel Nicolaus upped their price target on Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Weiss Ratings upgraded Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $37.40.

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.