Global Alpha Capital Management Ltd. Sells 72,910 Shares of Gentherm Inc $THRM

Global Alpha Capital Management Ltd. cut its stake in shares of Gentherm Inc (NASDAQ:THRM) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,030,673 shares of the auto parts company’s stock after selling 72,910 shares during the quarter. Gentherm makes up about 2.3% of Global Alpha Capital Management Ltd.’s portfolio, making the stock its 17th largest position. Global Alpha Capital Management Ltd.’s holdings in Gentherm were worth $37,486,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Gentherm by 160.3% during the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 500 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in Gentherm during the fourth quarter worth $50,000. Nisa Investment Advisors LLC boosted its stake in Gentherm by 21.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock worth $73,000 after acquiring an additional 353 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Gentherm by 232.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock worth $89,000 after acquiring an additional 2,204 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new position in Gentherm during the third quarter worth $111,000. 97.13% of the stock is owned by institutional investors.

Gentherm Stock Performance

Shares of THRM stock opened at $36.25 on Friday. The firm has a 50-day moving average of $30.79 and a 200-day moving average of $33.03. The company has a market cap of $1.11 billion, a P/E ratio of 48.33 and a beta of 1.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.97 and a quick ratio of 1.36. Gentherm Inc has a one year low of $26.95 and a one year high of $39.48.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) 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 business had revenue of $393.71 million during the quarter, compared to the consensus estimate of $363.82 million. During the same quarter last year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts forecast that Gentherm Inc will post 2.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on THRM. Argus upgraded shares of Gentherm to a “hold” rating in a report on Friday, February 27th. Robert W. Baird upped their price objective on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Roth Mkm lowered their price objective on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. JPMorgan Chase & Co. upped their price objective on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Stifel Nicolaus upped their price objective on shares of Gentherm from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Gentherm currently has a consensus rating of “Hold” and an average target price of $37.40.

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.