Paradigm Capital Management Inc. NY Purchases New Holdings in Gentherm Inc $THRM

Paradigm Capital Management Inc. NY bought a new stake in Gentherm Inc (NASDAQ:THRM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,000 shares of the auto parts company’s stock, valued at approximately $512,000.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. raised its position in Gentherm by 50.5% during the 1st quarter. Bessemer Group Inc. now owns 129,695 shares of the auto parts company’s stock worth $3,603,000 after buying an additional 43,500 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Gentherm in the second quarter valued at about $802,000. Renaissance Technologies LLC increased its stake in shares of Gentherm by 24.5% during the first quarter. Renaissance Technologies LLC now owns 271,464 shares of the auto parts company’s stock worth $7,541,000 after acquiring an additional 53,400 shares during the period. Hillsdale Investment Management Inc. increased its stake in shares of Gentherm by 639.3% during the first quarter. Hillsdale Investment Management Inc. now owns 206,446 shares of the auto parts company’s stock worth $5,735,000 after acquiring an additional 178,521 shares during the period. Finally, Royce & Associates LP purchased a new position in Gentherm during the fourth quarter worth about $12,080,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Wall Street Analyst Weigh In

THRM has been the subject of several recent analyst reports. Wall Street Zen cut Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Zacks Research upgraded Gentherm from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. raised their target price on Gentherm from $41.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Freedom Capital cut shares of Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Finally, Roth Capital reiterated a “buy” rating and issued a $50.00 price objective on shares of Gentherm in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.80.

Gentherm Stock Performance

Shares of THRM stock opened at $39.45 on Tuesday. The stock has a fifty day moving average price of $38.42 and a 200 day moving average price of $33.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.49 and a current ratio of 2.06. The stock has a market cap of $1.21 billion, a PE ratio of 45.34 and a beta of 1.35. Gentherm Inc has a 1 year low of $27.00 and a 1 year high of $48.35.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.19. The business had revenue of $404.94 million during the quarter, compared to analysts’ expectations of $382.90 million. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. Sell-side analysts forecast that Gentherm Inc will post 2.92 earnings per share for the current fiscal year.

Gentherm declared that its Board of Directors has authorized a share repurchase program on Thursday, July 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the auto parts company to buy up to 36.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Gentherm

In other Gentherm news, SVP Wayne S. Kauffman III sold 4,700 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $43.21, for a total value of $203,087.00. Following the transaction, the senior vice president directly owned 27,421 shares in the company, valued at approximately $1,184,861.41. This represents a 14.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is currently owned by insiders.

About Gentherm

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.