Cove Street Capital LLC raised its position in Gentherm Inc (NASDAQ:THRM) by 181.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 21,493 shares of the auto parts company’s stock after buying an additional 13,847 shares during the quarter. Cove Street Capital LLC owned about 0.06% of Gentherm worth $845,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Engineers Gate Manager LP acquired a new position in Gentherm in the 2nd quarter valued at $343,000. Marcato Capital Management LP acquired a new position in Gentherm in the 1st quarter valued at $7,512,000. Reinhart Partners Inc. boosted its position in shares of Gentherm by 3.2% during the 2nd quarter. Reinhart Partners Inc. now owns 91,010 shares of the auto parts company’s stock worth $3,577,000 after purchasing an additional 2,830 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of Gentherm during the 1st quarter worth $15,125,000. Finally, Evermore Global Advisors LLC purchased a new stake in shares of Gentherm during the 2nd quarter worth $3,046,000. 98.73% of the stock is currently owned by institutional investors.
In related news, VP Kenneth John Phillips sold 17,619 shares of the business’s stock in a transaction dated Wednesday, June 27th. The shares were sold at an average price of $39.09, for a total value of $688,726.71. Following the sale, the vice president now directly owns 31,198 shares in the company, valued at approximately $1,219,529.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Barry G. Steele sold 50,000 shares of the business’s stock in a transaction dated Thursday, July 5th. The stock was sold at an average price of $40.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the chief financial officer now owns 88,234 shares in the company, valued at $3,529,360. The disclosure for this sale can be found here. Insiders sold a total of 117,619 shares of company stock worth $4,839,627 over the last quarter. Insiders own 3.10% of the company’s stock.
Shares of NASDAQ THRM opened at $49.40 on Wednesday. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 21.13 and a beta of 1.63. Gentherm Inc has a one year low of $30.17 and a one year high of $49.80. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.91 and a current ratio of 2.60.
Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, July 26th. The auto parts company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.52 by $0.06. Gentherm had a net margin of 3.04% and a return on equity of 11.97%. The company had revenue of $263.78 million for the quarter, compared to analyst estimates of $264.18 million. During the same period in the previous year, the firm earned $0.53 EPS. The business’s revenue was up 8.4% on a year-over-year basis. analysts forecast that Gentherm Inc will post 2.34 EPS for the current year.
Several brokerages have commented on THRM. Roth Capital boosted their target price on shares of Gentherm from $32.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 27th. Barrington Research restated a “buy” rating and set a $50.00 target price on shares of Gentherm in a research report on Thursday, July 26th. Longbow Research restated a “sell” rating and set a $26.00 target price on shares of Gentherm in a research report on Thursday, June 14th. Zacks Investment Research upgraded shares of Gentherm from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Wednesday, August 29th. Finally, BidaskClub upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Thursday, June 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $44.09.
Gentherm Company Profile
Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.
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