Harvey Partners LLC Buys 431,072 Shares of Gentherm Inc $THRM

Harvey Partners LLC lifted its stake in Gentherm Inc (NASDAQ:THRM) by 72.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,024,500 shares of the auto parts company’s stock after buying an additional 431,072 shares during the quarter. Gentherm makes up about 3.1% of Harvey Partners LLC’s investment portfolio, making the stock its 11th largest position. Harvey Partners LLC’s holdings in Gentherm were worth $34,894,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Allworth Financial LP boosted its holdings in shares of Gentherm by 1,609.1% during the 2nd quarter. Allworth Financial LP now owns 940 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 885 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Gentherm by 168.7% in the second quarter. PNC Financial Services Group Inc. now owns 1,913 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 1,201 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Gentherm by 20.3% during the third 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. Tower Research Capital LLC TRC grew its holdings in Gentherm by 232.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock valued at $89,000 after buying an additional 2,204 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new stake in Gentherm in the 3rd quarter worth approximately $111,000. 97.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wall Street Zen cut Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. Robert W. Baird reduced their price target on shares of Gentherm from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Argus raised shares of Gentherm to a “hold” rating in a research note on Friday, February 27th. Weiss Ratings cut shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. Finally, Loop Capital set a $38.00 target price on shares of Gentherm in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $40.40.

Gentherm Stock Down 1.5%

NASDAQ THRM opened at $27.82 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.92 and a debt-to-equity ratio of 0.26. Gentherm Inc has a 52 week low of $22.75 and a 52 week high of $39.48. The firm has a market capitalization of $849.34 million, a price-to-earnings ratio of 45.61 and a beta of 1.31. The company has a fifty day moving average of $33.73 and a two-hundred day moving average of $35.14.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, February 19th. The auto parts company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.08). The firm had revenue of $382.79 million during the quarter, compared to analysts’ expectations of $371.91 million. Gentherm had a net margin of 1.22% and a return on equity of 10.07%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. On average, analysts predict that Gentherm Inc will post 3.1 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.