Gentherm Inc $THRM Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. increased its stake in Gentherm Inc (NASDAQ:THRM) by 50.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 129,695 shares of the auto parts company’s stock after acquiring an additional 43,500 shares during the quarter. Bessemer Group Inc.’s holdings in Gentherm were worth $3,603,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its holdings in Gentherm by 21.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock valued at $73,000 after purchasing an additional 353 shares in the last quarter. Caxton Associates LLP increased its stake in shares of Gentherm by 4.7% during the third quarter. Caxton Associates LLP now owns 8,294 shares of the auto parts company’s stock worth $282,000 after purchasing an additional 372 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Gentherm by 6.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 8,500 shares of the auto parts company’s stock worth $309,000 after purchasing an additional 500 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Gentherm by 160.3% during the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 500 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in Gentherm by 1.3% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 41,018 shares of the auto parts company’s stock valued at $1,492,000 after buying an additional 509 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Stifel Nicolaus increased their target price on Gentherm from $38.00 to $44.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings upgraded Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Wall Street Zen raised Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Finally, Robert W. Baird boosted their price target on Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.60.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $36.64 on Wednesday. The firm has a 50-day simple moving average of $34.81 and a 200-day simple moving average of $32.82. The company has a quick ratio of 1.36, a current ratio of 1.97 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 48.85 and a beta of 1.38. Gentherm Inc has a 52 week low of $27.00 and a 52 week high of $39.48.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.31. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The firm had revenue of $393.71 million for the quarter, compared to analyst estimates of $363.81 million. During the same period in the previous year, the business posted $0.51 earnings per share. Gentherm’s quarterly revenue was up 11.2% on a year-over-year basis. On average, equities analysts predict that Gentherm Inc will post 2.75 earnings per share for the current fiscal year.

Gentherm 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.