PineBridge Investments L.P. boosted its stake in shares of Gentherm Inc. (NASDAQ:THRM) by 4.1% during the second quarter, Holdings Channel reports. The institutional investor owned 4,621 shares of the company’s stock after buying an additional 183 shares during the period. PineBridge Investments L.P.’s holdings in Gentherm were worth $158,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. purchased a new position in Gentherm during the second quarter valued at about $17,385,000. Pembroke Management LTD increased its position in Gentherm by 51.5% in the second quarter. Pembroke Management LTD now owns 1,034,508 shares of the company’s stock valued at $35,431,000 after buying an additional 351,500 shares in the last quarter. Van Berkom & Associates Inc. increased its position in Gentherm by 28.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,550,480 shares of the company’s stock valued at $53,104,000 after buying an additional 346,873 shares in the last quarter. William Blair Investment Management LLC purchased a new position in Gentherm during the second quarter valued at about $9,715,000. Finally, Rice Hall James & Associates LLC purchased a new position in Gentherm during the second quarter valued at about $8,639,000. 96.36% of the stock is owned by institutional investors.
Gentherm Inc. (NASDAQ:THRM) opened at 31.42 on Friday. The company has a market capitalization of $1.15 billion, a PE ratio of 13.26 and a beta of 1.78. The firm’s 50-day moving average price is $31.71 and its 200 day moving average price is $35.96. Gentherm Inc. has a 52 week low of $29.78 and a 52 week high of $51.71.
Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.07. Gentherm had a net margin of 9.77% and a return on equity of 20.22%. The business had revenue of $232.72 million for the quarter, compared to analysts’ expectations of $240.54 million. During the same period last year, the firm posted $0.54 earnings per share. Gentherm’s quarterly revenue was up 9.0% on a year-over-year basis. Equities research analysts expect that Gentherm Inc. will post $2.06 earnings per share for the current fiscal year.
THRM has been the subject of several recent research reports. Barrington Research downgraded Gentherm from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 28th. Zacks Investment Research downgraded Gentherm from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 3rd. Buckingham Research downgraded Gentherm from a “buy” rating to a “neutral” rating in a research note on Friday, July 29th. Argus downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Gentherm from $48.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $45.00.
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.
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