SummerHaven Investment Management LLC Buys Shares of 27,267 Gentherm Inc $THRM

SummerHaven Investment Management LLC bought a new position in Gentherm Inc (NASDAQ:THRM) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 27,267 shares of the auto parts company’s stock, valued at approximately $929,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in Gentherm by 20.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,641 shares of the auto parts company’s stock valued at $56,000 after buying an additional 277 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Gentherm by 8.9% during the third quarter. GAMMA Investing LLC now owns 3,710 shares of the auto parts company’s stock valued at $126,000 after acquiring an additional 304 shares during the last quarter. Amalgamated Bank increased its holdings in Gentherm by 3.4% in the third quarter. Amalgamated Bank now owns 9,165 shares of the auto parts company’s stock valued at $312,000 after purchasing an additional 304 shares during the period. Diversified Trust Co raised its position in Gentherm by 6.2% during the 3rd quarter. Diversified Trust Co now owns 9,909 shares of the auto parts company’s stock worth $338,000 after purchasing an additional 575 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Gentherm by 3.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 20,247 shares of the auto parts company’s stock worth $573,000 after buying an additional 631 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $36.71 on Wednesday. The firm has a market capitalization of $1.12 billion, a P/E ratio of 36.71 and a beta of 1.35. The firm’s 50-day moving average price is $36.84 and its 200-day moving average price is $35.55. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 0.26. Gentherm Inc has a 1-year low of $22.75 and a 1-year high of $40.68.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on THRM. Roth Mkm restated a “buy” rating and set a $44.00 price objective on shares of Gentherm in a research report on Friday, October 24th. Weiss Ratings upgraded shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Robert W. Baird set a $42.00 price objective on shares of Gentherm in a research note on Friday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of Gentherm from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, October 20th. Finally, Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

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.