Amundi Has $595,000 Stake in Gentherm Incorporated (NASDAQ:THRM)

Amundi increased its position in Gentherm Incorporated (NASDAQ:THRM) by 185.5% in the fourth quarter, HoldingsChannel reports. The firm owned 15,143 shares of the auto parts company’s stock after acquiring an additional 9,839 shares during the period. Amundi’s holdings in Gentherm were worth $595,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in THRM. Barclays PLC lifted its stake in shares of Gentherm by 234.8% in the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock valued at $2,861,000 after purchasing an additional 43,108 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Gentherm by 46.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company’s stock valued at $3,158,000 after purchasing an additional 21,376 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Gentherm by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock valued at $21,452,000 after purchasing an additional 5,754 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its stake in shares of Gentherm by 23.8% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after purchasing an additional 150,310 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in Gentherm by 880.7% in the 3rd quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock worth $8,783,000 after acquiring an additional 169,443 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

Gentherm Price Performance

Shares of THRM stock opened at $30.37 on Friday. Gentherm Incorporated has a 1 year low of $29.75 and a 1 year high of $57.96. The firm’s 50 day moving average is $35.46 and its 200-day moving average is $40.39. The firm has a market capitalization of $935.06 million, a price-to-earnings ratio of 14.67 and a beta of 1.45. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). The business 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 company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. Sell-side analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Analyst Ratings Changes

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

Gentherm Company Profile

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.