Global Alpha Capital Management Ltd. Acquires 41,900 Shares of Gentherm Incorporated (NASDAQ:THRM)

Global Alpha Capital Management Ltd. grew its position in Gentherm Incorporated (NASDAQ:THRM) by 13.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 362,073 shares of the auto parts company’s stock after buying an additional 41,900 shares during the period. Gentherm makes up about 1.5% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 27th largest holding. Global Alpha Capital Management Ltd. owned about 1.14% of Gentherm worth $20,848,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Gentherm by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,651,904 shares of the auto parts company’s stock worth $191,214,000 after buying an additional 16,513 shares during the last quarter. Trigran Investments Inc. raised its holdings in shares of Gentherm by 10.7% during the fourth quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock valued at $98,848,000 after purchasing an additional 183,170 shares during the last quarter. Granahan Investment Management LLC raised its holdings in shares of Gentherm by 61.2% during the fourth quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock valued at $21,623,000 after purchasing an additional 156,842 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Gentherm by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 412,338 shares of the auto parts company’s stock valued at $21,590,000 after purchasing an additional 20,600 shares during the last quarter. Finally, Mairs & Power Inc. increased its holdings in Gentherm by 9.3% during the fourth quarter. Mairs & Power Inc. now owns 395,006 shares of the auto parts company’s stock valued at $20,683,000 after buying an additional 33,570 shares during the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of Gentherm stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $54.04, for a total value of $810,600.00. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,961,010.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 45,000 shares of company stock valued at $2,338,650 in the last three months. Corporate insiders own 1.91% of the company’s stock.

Analyst Ratings Changes

THRM has been the topic of several recent research reports. Robert W. Baird decreased their price target on shares of Gentherm from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday. JPMorgan Chase & Co. decreased their price target on shares of Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $64.50.

Gentherm Price Performance

THRM traded up $2.14 during trading on Tuesday, hitting $53.68. 135,605 shares of the company traded hands, compared to its average volume of 172,927. The company has a market cap of $1.70 billion, a PE ratio of 36.77 and a beta of 1.46. The stock’s 50-day simple moving average is $50.91 and its two-hundred day simple moving average is $51.68. Gentherm Incorporated has a 1 year low of $38.21 and a 1 year high of $66.54. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM) last posted its earnings results on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.19. The company had revenue of $356.00 million during the quarter, compared to analysts’ expectations of $361.11 million. Gentherm had a net margin of 3.23% and a return on equity of 13.56%. Gentherm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the company posted $0.49 earnings per share. As a group, sell-side analysts anticipate that Gentherm Incorporated will post 2.94 earnings per share for the current fiscal year.

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.