GW&K Investment Management LLC Trims Stake in Gentherm Inc $THRM

GW&K Investment Management LLC reduced its position in shares of Gentherm Inc (NASDAQ:THRM) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 856,297 shares of the auto parts company’s stock after selling 39,127 shares during the period. GW&K Investment Management LLC’s holdings in Gentherm were worth $31,144,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position 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 valued at $73,000 after purchasing an additional 353 shares in the last quarter. Caxton Associates LLP raised its stake in Gentherm by 4.7% in the third quarter. Caxton Associates LLP now owns 8,294 shares of the auto parts company’s stock valued at $282,000 after purchasing an additional 372 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Gentherm by 160.3% during the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 500 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Gentherm by 6.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 8,500 shares of the auto parts company’s stock valued at $309,000 after purchasing an additional 500 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in Gentherm by 1.3% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 41,018 shares of the auto parts company’s stock valued at $1,492,000 after purchasing an additional 509 shares during the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

THRM has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Robert W. Baird lifted their target price on shares of Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Loop Capital set a $38.00 target price on shares of Gentherm in a research report on Wednesday, February 25th. Weiss Ratings upgraded shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Finally, Argus upgraded shares of Gentherm to a “hold” rating in a research report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $37.40.

Gentherm Trading Down 3.6%

Shares of THRM stock opened at $35.06 on Thursday. The stock has a market capitalization of $1.08 billion, a PE ratio of 46.75 and a beta of 1.38. Gentherm Inc has a 1-year low of $27.00 and a 1-year high of $39.48. The business has a 50-day moving average of $31.27 and a 200 day moving average of $33.07. 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 issued its earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share 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 analysts’ expectations of $363.82 million. Gentherm had a return on equity of 11.25% and a net margin of 1.47%.Gentherm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. As a group, sell-side analysts anticipate that Gentherm Inc will post 2.74 earnings per share for the current 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.