Gentherm Inc (THRM) Shares Bought by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB grew its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 20.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,816 shares of the auto parts company’s stock after acquiring an additional 2,000 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Gentherm were worth $537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. grace capital acquired a new position in Gentherm during the second quarter worth about $157,000. Zions Bancorporation raised its stake in Gentherm by 55.2% during the second quarter. Zions Bancorporation now owns 4,275 shares of the auto parts company’s stock worth $168,000 after acquiring an additional 1,520 shares in the last quarter. Sei Investments Co. raised its stake in Gentherm by 59.0% during the second quarter. Sei Investments Co. now owns 4,915 shares of the auto parts company’s stock worth $193,000 after acquiring an additional 1,824 shares in the last quarter. First Mercantile Trust Co. raised its stake in Gentherm by 634.3% during the second quarter. First Mercantile Trust Co. now owns 5,140 shares of the auto parts company’s stock worth $202,000 after acquiring an additional 4,440 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in Gentherm during the second quarter worth about $212,000.

In other news, insider Frithjof Oldorff sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $49.15, for a total value of $983,000.00. Following the completion of the transaction, the insider now owns 57,442 shares of the company’s stock, valued at $2,823,274.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.10% of the company’s stock.

THRM has been the subject of several research analyst reports. TheStreet raised Gentherm from a “c+” rating to a “b” rating in a research note on Friday, July 27th. ValuEngine raised Gentherm from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Barrington Research reissued a “buy” rating and set a $50.00 target price on shares of Gentherm in a research note on Thursday, July 26th. BidaskClub downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 8th. Finally, Zacks Investment Research raised Gentherm from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Gentherm presently has an average rating of “Hold” and an average target price of $44.20.

Gentherm stock opened at $43.98 on Wednesday. Gentherm Inc has a 1 year low of $30.17 and a 1 year high of $50.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.55 and a quick ratio of 1.94. The company has a market capitalization of $1.61 billion, a PE ratio of 19.04 and a beta of 1.38.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, October 25th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.05). Gentherm had a net margin of 2.31% and a return on equity of 14.28%. The firm had revenue of $258.94 million during the quarter, compared to analyst estimates of $261.61 million. On average, sell-side analysts predict that Gentherm Inc will post 2.24 EPS for the current fiscal year.

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Gentherm Profile

Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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