Brevan Howard Capital Management LP Purchases Shares of 5,138 Gentherm Incorporated (NASDAQ:THRM)

Brevan Howard Capital Management LP purchased a new stake in shares of Gentherm Incorporated (NASDAQ:THRM) during the fourth quarter, Holdings Channel reports. The fund purchased 5,138 shares of the auto parts company’s stock, valued at approximately $205,000.

A number of other institutional investors have also bought and sold shares of THRM. Raymond James Financial Inc. bought a new stake in Gentherm during the fourth quarter valued at $15,400,000. HITE Hedge Asset Management LLC bought a new stake in Gentherm during the fourth quarter valued at $9,832,000. Segall Bryant & Hamill LLC boosted its position in Gentherm by 42.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company’s stock valued at $20,962,000 after acquiring an additional 157,544 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its position in Gentherm by 23.8% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after acquiring an additional 150,310 shares during the last quarter. Finally, Trigran Investments Inc. boosted its position in Gentherm by 7.3% during the fourth quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company’s stock valued at $79,488,000 after acquiring an additional 135,458 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Insider Activity at Gentherm

In other Gentherm news, CEO William T. Presley purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average price of $24.67 per share, with a total value of $74,010.00. Following the transaction, the chief executive officer now owns 161,103 shares in the company, valued at $3,974,411.01. The trade was a 1.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. StockNews.com cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th. Robert W. Baird upped their price target on shares of Gentherm from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th.

Gentherm Stock Performance

Shares of THRM opened at $27.94 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The stock has a 50-day moving average of $27.10 and a 200-day moving average of $35.18. The company has a market cap of $862.23 million, a PE ratio of 13.50 and a beta of 1.44. Gentherm Incorporated has a one year low of $22.75 and a one year high of $56.68.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business posted $0.62 EPS. On average, equities research analysts predict that Gentherm Incorporated will post 3.1 EPS 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.