Hillsdale Investment Management Inc. Invests $1.02 Million in Gentherm Inc $THRM

Hillsdale Investment Management Inc. bought a new position in Gentherm Inc (NASDAQ:THRM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,925 shares of the auto parts company’s stock, valued at approximately $1,016,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Intech Investment Management LLC increased its position in shares of Gentherm by 118.1% in the 4th quarter. Intech Investment Management LLC now owns 44,502 shares of the auto parts company’s stock worth $1,619,000 after purchasing an additional 24,095 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in shares of Gentherm in the 4th quarter worth about $413,000. Royce & Associates LP bought a new stake in shares of Gentherm in the 4th quarter worth about $12,080,000. Connors Investor Services Inc. increased its position in shares of Gentherm by 6.0% in the 4th quarter. Connors Investor Services Inc. now owns 52,578 shares of the auto parts company’s stock worth $1,912,000 after purchasing an additional 2,986 shares during the last quarter. Finally, Legato Capital Management LLC increased its position in shares of Gentherm by 157.4% in the 4th quarter. Legato Capital Management LLC now owns 60,874 shares of the auto parts company’s stock worth $2,214,000 after purchasing an additional 37,223 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Gentherm Price Performance

Shares of NASDAQ:THRM opened at $35.58 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.97 and a debt-to-equity ratio of 0.31. Gentherm Inc has a fifty-two week low of $25.76 and a fifty-two week high of $39.48. The firm has a 50-day simple moving average of $30.08 and a 200 day simple moving average of $32.98. The company has a market cap of $1.09 billion, a PE ratio of 47.44 and a beta of 1.38.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.31. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The business had revenue of $393.71 million during the quarter, compared to the consensus estimate of $363.82 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Gentherm Inc will post 2.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on THRM shares. Wall Street Zen raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Robert W. Baird boosted their target price on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Argus raised shares of Gentherm to a “hold” rating in a research report on Friday, February 27th. Weiss Ratings raised shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Finally, Loop Capital set a $38.00 price objective on shares of Gentherm in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $37.40.

Gentherm Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.