Bastion Asset Management Inc. Makes New Investment in Gentherm Inc $THRM

Bastion Asset Management Inc. acquired a new stake in Gentherm Inc (NASDAQ:THRM) in the first quarter, Holdings Channel reports. The institutional investor acquired 210,206 shares of the auto parts company’s stock, valued at approximately $6,213,000. Gentherm accounts for approximately 1.9% of Bastion Asset Management Inc.’s portfolio, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Royce & Associates LP bought a new position in Gentherm during the 4th quarter worth approximately $12,080,000. Hillsdale Investment Management Inc. raised its stake in shares of Gentherm by 639.3% during the first quarter. Hillsdale Investment Management Inc. now owns 206,446 shares of the auto parts company’s stock valued at $5,735,000 after acquiring an additional 178,521 shares during the last quarter. Legato Capital Management LLC boosted its holdings in shares of Gentherm by 157.4% during the fourth quarter. Legato Capital Management LLC now owns 60,874 shares of the auto parts company’s stock worth $2,214,000 after purchasing an additional 37,223 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Gentherm by 6.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 303,557 shares of the auto parts company’s stock worth $11,180,000 after buying an additional 18,991 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Gentherm by 50.1% in the fourth quarter. SG Americas Securities LLC now owns 56,071 shares of the auto parts company’s stock valued at $2,039,000 after acquiring an additional 18,718 shares in the last quarter. 97.13% of the stock is owned by institutional investors.

Gentherm Stock Performance

NASDAQ:THRM opened at $37.13 on Friday. The stock has a market capitalization of $1.14 billion, a P/E ratio of 49.51 and a beta of 1.38. The company has a current ratio of 1.97, a quick ratio of 1.36 and a debt-to-equity ratio of 0.31. Gentherm Inc has a 12-month low of $27.00 and a 12-month high of $39.48. The stock has a 50-day moving average price of $34.49 and a 200 day moving average price of $32.85.

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, topping 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 during the quarter, compared to analyst estimates of $363.81 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. Gentherm’s revenue for the quarter was up 11.2% on a year-over-year basis. Equities research analysts forecast that Gentherm Inc will post 2.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on THRM. JPMorgan Chase & Co. upped their target price on Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. 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 objective on Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Roth Capital cut their target price on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Finally, Weiss Ratings upgraded shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.40.

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.