Global Alpha Capital Management Ltd. Acquires 150,310 Shares of Gentherm Incorporated (NASDAQ:THRM)

Global Alpha Capital Management Ltd. lifted its holdings in Gentherm Incorporated (NASDAQ:THRM) by 23.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 782,983 shares of the auto parts company’s stock after purchasing an additional 150,310 shares during the quarter. Gentherm accounts for approximately 2.3% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 20th biggest holding. Global Alpha Capital Management Ltd. owned 2.53% of Gentherm worth $31,261,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. MQS Management LLC bought a new stake in Gentherm during the 3rd quarter worth about $240,000. Oppenheimer Asset Management Inc. increased its position in shares of Gentherm by 23.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,451 shares of the auto parts company’s stock worth $626,000 after purchasing an additional 2,516 shares during the last quarter. Zions Bancorporation N.A. raised its stake in shares of Gentherm by 18.3% during the 3rd quarter. Zions Bancorporation N.A. now owns 31,869 shares of the auto parts company’s stock worth $1,484,000 after purchasing an additional 4,923 shares in the last quarter. MeadowBrook Investment Advisors LLC boosted its holdings in shares of Gentherm by 8.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after buying an additional 260 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of Gentherm by 12.2% in the third quarter. Natixis Advisors LLC now owns 15,938 shares of the auto parts company’s stock valued at $742,000 after buying an additional 1,729 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

Gentherm Trading Up 1.9 %

THRM stock opened at $32.66 on Friday. Gentherm Incorporated has a one year low of $30.25 and a one year high of $57.96. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 15.78 and a beta of 1.45. The company has a fifty day moving average price of $37.03 and a two-hundred day moving average price of $41.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38.

Gentherm (NASDAQ:THRM) last announced its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.39). The company had revenue of $352.91 million for the quarter, compared to the consensus estimate of $360.29 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS. Equities analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on THRM. Robert W. Baird dropped their price target on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. StockNews.com cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price target on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th.

Insider Activity

In related news, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the completion of the sale, the senior vice president now directly owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This trade represents a 8.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.91% of the stock is owned by company insiders.

About Gentherm

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.