First Trust Advisors LP Grows Holdings in Gentherm Inc (THRM)

First Trust Advisors LP raised its position in Gentherm Inc (NASDAQ:THRM) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,173 shares of the auto parts company’s stock after acquiring an additional 7,306 shares during the quarter. First Trust Advisors LP owned approximately 0.13% of Gentherm worth $1,561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. American International Group Inc. boosted its stake in shares of Gentherm by 5.8% in the 3rd quarter. American International Group Inc. now owns 29,043 shares of the auto parts company’s stock valued at $1,079,000 after buying an additional 1,591 shares during the period. TD Asset Management Inc. boosted its stake in shares of Gentherm by 3.2% in the 3rd quarter. TD Asset Management Inc. now owns 52,024 shares of the auto parts company’s stock valued at $1,933,000 after buying an additional 1,600 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Gentherm by 37.4% in the 3rd quarter. Victory Capital Management Inc. now owns 6,156 shares of the auto parts company’s stock valued at $229,000 after buying an additional 1,677 shares during the period. Rhumbline Advisers boosted its stake in shares of Gentherm by 2.4% in the 3rd quarter. Rhumbline Advisers now owns 74,902 shares of the auto parts company’s stock valued at $2,783,000 after buying an additional 1,760 shares during the period. Finally, Comerica Bank boosted its stake in shares of Gentherm by 4.1% in the 3rd quarter. Comerica Bank now owns 50,719 shares of the auto parts company’s stock valued at $1,671,000 after buying an additional 1,993 shares during the period. 98.38% of the stock is owned by institutional investors.

How to Become a New Pot Stock Millionaire

Several equities analysts have recently issued reports on THRM shares. BidaskClub upgraded Gentherm from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th. Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. BMO Capital Markets set a $40.00 price objective on Gentherm and gave the company a “buy” rating in a research note on Wednesday, February 28th. Craig Hallum upgraded Gentherm from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Finally, Susquehanna Bancshares set a $35.00 price objective on Gentherm and gave the company a “hold” rating in a research note on Wednesday, March 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $39.56.

Shares of THRM stock opened at $33.35 on Friday. The firm has a market capitalization of $1,255.45, a P/E ratio of 34.74, a P/E/G ratio of 0.60 and a beta of 1.82. Gentherm Inc has a 52 week low of $29.50 and a 52 week high of $40.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.98 and a current ratio of 2.69.

Gentherm (NASDAQ:THRM) last posted its earnings results on Tuesday, February 20th. The auto parts company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.08. The firm had revenue of $257.19 million during the quarter, compared to analysts’ expectations of $253.48 million. Gentherm had a return on equity of 11.81% and a net margin of 3.57%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. analysts forecast that Gentherm Inc will post 2.27 EPS for the current year.

WARNING: This article was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3295374/first-trust-advisors-lp-grows-holdings-in-gentherm-inc-thrm.html.

Gentherm Profile

Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.

Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

Receive News & Ratings for Gentherm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentherm and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

B. Riley Analysts Boost Earnings Estimates for Sutherland Asset Management Corp
B. Riley Analysts Boost Earnings Estimates for Sutherland Asset Management Corp
Q1 2018 EPS Estimates for Northern Oil and Gas Inc.  Decreased by SunTrust Banks
Q1 2018 EPS Estimates for Northern Oil and Gas Inc. Decreased by SunTrust Banks
Virtus Investment Partners Inc. to Post Q1 2018 Earnings of $2.41 Per Share, Jefferies Group Forecasts
Virtus Investment Partners Inc. to Post Q1 2018 Earnings of $2.41 Per Share, Jefferies Group Forecasts
Brokers Issue Forecasts for OceanaGold Co.’s Q1 2018 Earnings
Brokers Issue Forecasts for OceanaGold Co.’s Q1 2018 Earnings
UBS Group  Given a CHF 18 Price Target by Cfra Analysts
UBS Group Given a CHF 18 Price Target by Cfra Analysts
Canaccord Genuity Increases Detour Gold  Price Target to C$24.00
Canaccord Genuity Increases Detour Gold Price Target to C$24.00


© 2006-2018 Ticker Report. Google+.