Royal Bank of Canada Has $29.37 Million Holdings in Gentherm Inc (THRM)

Royal Bank of Canada grew its position in shares of Gentherm Inc (NASDAQ:THRM) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 757,023 shares of the auto parts company’s stock after purchasing an additional 10,484 shares during the quarter. Royal Bank of Canada owned about 2.06% of Gentherm worth $29,373,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its stake in shares of Gentherm by 70.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock valued at $106,000 after acquiring an additional 1,130 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Gentherm in the 1st quarter valued at $124,000. First Bank & Trust increased its stake in shares of Gentherm by 4.3% in the 2nd quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock valued at $137,000 after acquiring an additional 144 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Gentherm by 17.8% in the 1st quarter. Victory Capital Management Inc. now owns 3,975 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 602 shares in the last quarter. Finally, Cim Investment Mangement Inc. bought a new stake in shares of Gentherm in the 1st quarter valued at $202,000. Hedge funds and other institutional investors own 96.75% of the company’s stock.

Several analysts have recently weighed in on THRM shares. BidaskClub lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Gentherm from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Friday, July 7th. FBR & Co reiterated a “buy” rating on shares of Gentherm in a research note on Thursday, September 14th. TheStreet lowered shares of Gentherm from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Finally, Craig Hallum lowered shares of Gentherm from a “buy” rating to a “hold” rating and lowered their price objective for the company from $44.00 to $38.00 in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $40.75.

Shares of Gentherm Inc (THRM) opened at 37.00 on Monday. The firm has a market cap of $1.36 billion, a P/E ratio of 16.98 and a beta of 1.97. Gentherm Inc has a 52-week low of $26.60 and a 52-week high of $40.80. The company has a 50-day moving average of $33.28 and a 200 day moving average of $35.97.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.38). The firm had revenue of $243.40 million during the quarter, compared to the consensus estimate of $244.48 million. Gentherm had a return on equity of 16.34% and a net margin of 8.34%. Gentherm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS. On average, equities analysts expect that Gentherm Inc will post $2.07 earnings per share for the current year.

WARNING: “Royal Bank of Canada Has $29.37 Million Holdings in Gentherm Inc (THRM)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of US & in

Other institutional investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its stake in shares of Gentherm by 70.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock valued at $106,000 after acquiring an additional 1,130 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Gentherm in the 1st quarter valued at $124,000. First Bank & Trust increased its stake in shares of Gentherm by 4.3% in the 2nd quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock valued at $137,000 after acquiring an additional 144 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Gentherm by 17.8% in the 1st quarter. Victory Capital Management Inc. now owns 3,975 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 602 shares in the last quarter. Finally, Cim Investment Mangement Inc. bought a new stake in shares of Gentherm in the 1st quarter valued at $202,000. Hedge funds and other institutional investors own 96.75% of the company’s stock.

Several analysts have recently weighed in on THRM shares. BidaskClub lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Gentherm from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Friday, July 7th. FBR & Co reiterated a “buy” rating on shares of Gentherm in a research note on Thursday, September 14th. TheStreet lowered shares of Gentherm from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Finally, Craig Hallum lowered shares of Gentherm from a “buy” rating to a “hold” rating and lowered their price objective for the company from $44.00 to $38.00 in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $40.75.

Shares of Gentherm Inc (THRM) opened at 37.00 on Monday. The firm has a market cap of $1.36 billion, a P/E ratio of 16.98 and a beta of 1.97. Gentherm Inc has a 52-week low of $26.60 and a 52-week high of $40.80. The company has a 50-day moving average of $33.28 and a 200 day moving average of $35.97.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.38). The firm had revenue of $243.40 million during the quarter, compared to the consensus estimate of $244.48 million. Gentherm had a return on equity of 16.34% and a net margin of 8.34%. Gentherm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS. On average, equities analysts expect that Gentherm Inc will post $2.07 earnings per share for the current year.

WARNING: “Royal Bank of Canada Has $29.37 Million Holdings in Gentherm Inc (THRM)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/09/royal-bank-of-canada-has-29-37-million-holdings-in-gentherm-inc-thrm.html.

About Gentherm

Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.

Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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