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

Global Alpha Capital Management Ltd. lifted its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 23.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 782,983 shares of the auto parts company’s stock after purchasing an additional 150,310 shares during the quarter. Gentherm accounts for 2.3% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 20th largest position. Global Alpha Capital Management Ltd.’s holdings in Gentherm were worth $31,261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MeadowBrook Investment Advisors LLC increased its stake in Gentherm by 8.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after acquiring an additional 260 shares during the period. Rhumbline Advisers increased its position in shares of Gentherm by 0.3% in the fourth quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company’s stock worth $3,623,000 after purchasing an additional 277 shares during the period. Captrust Financial Advisors increased its position in shares of Gentherm by 3.9% in the third quarter. Captrust Financial Advisors now owns 8,296 shares of the auto parts company’s stock worth $386,000 after purchasing an additional 314 shares during the period. Quarry LP raised its stake in Gentherm by 952.9% in the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 486 shares in the last quarter. Finally, KBC Group NV lifted its position in Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after purchasing an additional 822 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 13,413 shares in the company, valued at $576,490.74. The trade was a 8.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.91% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased 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. StockNews.com cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird cut their target price on Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th.

Gentherm Stock Performance

Gentherm stock opened at $32.66 on Friday. The stock has a market cap of $1.01 billion, a PE ratio of 15.78 and a beta of 1.45. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. Gentherm Incorporated has a 12-month low of $30.25 and a 12-month high of $57.96. The business’s 50-day moving average price is $37.03 and its two-hundred day moving average price is $41.61.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $352.91 million for the quarter, compared to analyst estimates of $360.29 million. During the same quarter in the prior year, the company earned $0.90 earnings per share. Gentherm’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Gentherm 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.