GW&K Investment Management LLC Has $30.50 Million Stake in Gentherm Inc $THRM

GW&K Investment Management LLC reduced its stake in shares of Gentherm Inc (NASDAQ:THRM) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 895,424 shares of the auto parts company’s stock after selling 36,910 shares during the period. GW&K Investment Management LLC owned 2.93% of Gentherm worth $30,498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Gentherm by 5.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,613 shares of the auto parts company’s stock valued at $2,904,000 after buying an additional 5,824 shares during the period. Millennium Management LLC boosted its holdings in Gentherm by 93.4% in the first quarter. Millennium Management LLC now owns 155,617 shares of the auto parts company’s stock valued at $4,161,000 after acquiring an additional 75,170 shares during the last quarter. Jane Street Group LLC increased its position in Gentherm by 389.2% during the 1st quarter. Jane Street Group LLC now owns 84,403 shares of the auto parts company’s stock valued at $2,257,000 after purchasing an additional 67,150 shares during the period. Nisa Investment Advisors LLC increased its position in Gentherm by 295.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 1,019 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in Gentherm by 16,716.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,009 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 1,003 shares during the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on THRM shares. Stifel Nicolaus began coverage on shares of Gentherm in a research note on Monday, February 23rd. They issued a “buy” rating and a $41.00 price objective on the stock. Wall Street Zen cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Robert W. Baird decreased their price target on Gentherm from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Loop Capital set a $38.00 price objective on Gentherm in a research report on Wednesday, February 25th. Finally, Argus raised Gentherm to a “hold” rating in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Gentherm presently has an average rating of “Hold” and an average price target of $40.40.

Gentherm Trading Down 0.7%

THRM opened at $30.54 on Friday. The company has a fifty day moving average price of $34.71 and a two-hundred day moving average price of $35.46. Gentherm Inc has a 1-year low of $22.75 and a 1-year high of $39.48. The company has a market cap of $932.39 million, a P/E ratio of 50.07 and a beta of 1.31. The company has a current ratio of 1.92, a quick ratio of 1.30 and a debt-to-equity ratio of 0.26.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, February 19th. The auto parts company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). Gentherm had a return on equity of 10.07% and a net margin of 1.22%.The firm had revenue of $382.79 million for the quarter, compared to analyst estimates of $371.91 million. During the same period in the previous year, the company earned $0.29 earnings per share. Gentherm’s revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts predict that Gentherm Inc will post 3.1 EPS for the current fiscal year.

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.