Mason Street Advisors LLC acquired a new position in Gentherm Inc. (NASDAQ:THRM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,122 shares of the company’s stock, valued at approximately $244,000.
Several other institutional investors also recently modified their holdings of the company. UBS Group AG increased its position in shares of Gentherm by 3.5% in the first quarter. UBS Group AG now owns 119,981 shares of the company’s stock worth $4,990,000 after buying an additional 4,019 shares during the period. Lazard Asset Management LLC increased its position in shares of Gentherm by 27.2% in the first quarter. Lazard Asset Management LLC now owns 446,647 shares of the company’s stock worth $18,576,000 after buying an additional 95,379 shares during the period. State Street Corp increased its position in shares of Gentherm by 3.3% in the first quarter. State Street Corp now owns 686,880 shares of the company’s stock worth $28,568,000 after buying an additional 21,956 shares during the period. Neumeier Poma Investment Counsel LLC increased its position in shares of Gentherm by 9.9% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 382,380 shares of the company’s stock worth $15,903,000 after buying an additional 34,480 shares during the period. Finally, Huntington Asset Advisors Inc. bought a new position in shares of Gentherm during the first quarter worth about $582,000. Institutional investors own 96.36% of the company’s stock.
Gentherm (NASDAQ:THRM) last issued 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. The firm earned $232.72 million during the quarter, compared to the consensus estimate of $240.54 million. Gentherm had a net margin of 9.77% and a return on equity of 20.22%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share.
A number of equities analysts have recently issued reports on the company. Barrington Research downgraded Gentherm from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 28th. Argus restated a “buy” rating and set a $44.00 price objective on shares of Gentherm in a research report on Tuesday, June 14th. Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. JPMorgan Chase & Co. lowered their target price on Gentherm from $48.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, July 29th. Finally, FBR & Co lowered their target price on Gentherm from $49.00 to $42.00 and set a “market perform” rating for the company in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.00.
Gentherm Company Profile
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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