14,563 Shares in Gentherm Inc $THRM Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in shares of Gentherm Inc (NASDAQ:THRM) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,563 shares of the auto parts company’s stock, valued at approximately $405,000.

Other hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 worth $2,904,000 after acquiring an additional 5,824 shares during the last quarter. Millennium Management LLC raised its position in shares of Gentherm by 93.4% in the 1st quarter. Millennium Management LLC now owns 155,617 shares of the auto parts company’s stock worth $4,161,000 after purchasing an additional 75,170 shares during the last quarter. Jane Street Group LLC boosted its stake in Gentherm by 389.2% in the 1st quarter. Jane Street Group LLC now owns 84,403 shares of the auto parts company’s stock worth $2,257,000 after purchasing an additional 67,150 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Gentherm by 1.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 108,251 shares of the auto parts company’s stock worth $3,062,000 after purchasing an additional 1,850 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Gentherm during the 2nd quarter valued at about $526,000. 97.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

THRM has been the subject of several recent analyst reports. Wall Street Zen raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Stifel Nicolaus increased their price target on shares of Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings raised shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. raised their price target on shares of Gentherm from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Robert W. Baird boosted their price objective on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.40.

Gentherm Price Performance

Shares of NASDAQ:THRM opened at $35.89 on Wednesday. Gentherm Inc has a fifty-two week low of $27.00 and a fifty-two week high of $39.48. The business has a 50-day simple moving average of $34.25 and a two-hundred day simple moving average of $32.85. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.97. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 47.85 and a beta of 1.38.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $363.81 million. During the same quarter last year, the firm posted $0.51 EPS. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts expect that Gentherm Inc will post 2.75 earnings per share for the current year.

About Gentherm

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.