Rhumbline Advisers Cuts Position in Gentherm Incorporated (NASDAQ:THRM)

Rhumbline Advisers trimmed its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,401 shares of the auto parts company’s stock after selling 3,029 shares during the period. Rhumbline Advisers owned approximately 0.30% of Gentherm worth $4,656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of THRM. Charles Schwab Investment Management Inc. grew its stake in shares of Gentherm by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 412,338 shares of the auto parts company’s stock worth $21,590,000 after acquiring an additional 20,600 shares in the last quarter. Boston Partners acquired a new position in Gentherm during the 4th quarter worth $326,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Gentherm by 18.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 13,797 shares of the auto parts company’s stock worth $691,000 after purchasing an additional 2,130 shares during the period. Quadrant Capital Group LLC raised its position in Gentherm by 211.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company’s stock valued at $60,000 after purchasing an additional 780 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Gentherm during the fourth quarter worth about $10,991,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Stock Performance

NASDAQ THRM opened at $47.78 on Monday. The business has a 50 day moving average price of $49.94 and a 200 day moving average price of $51.58. The company has a market capitalization of $1.50 billion, a P/E ratio of 32.73 and a beta of 1.43. Gentherm Incorporated has a 1-year low of $38.21 and a 1-year high of $62.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.46.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. The company had revenue of $375.70 million for the quarter, compared to the consensus estimate of $375.82 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Sell-side analysts expect that Gentherm Incorporated will post 2.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of Gentherm stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $50.40, for a total value of $756,000.00. Following the completion of the sale, the chief executive officer now owns 147,317 shares in the company, valued at approximately $7,424,776.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on THRM. JPMorgan Chase & Co. lowered their price target on shares of Gentherm from $60.00 to $56.00 and set an “underweight” rating for the company in a report on Monday, July 22nd. StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Robert W. Baird decreased their price target on Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.00.

Gentherm Profile

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.