American Century Companies Inc. Boosts Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

American Century Companies Inc. boosted its position in Gentherm Incorporated (NASDAQ:THRM) by 119.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 259,185 shares of the auto parts company’s stock after buying an additional 141,047 shares during the quarter. American Century Companies Inc. owned approximately 0.82% of Gentherm worth $12,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Gentherm by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,651,904 shares of the auto parts company’s stock valued at $191,214,000 after buying an additional 16,513 shares in the last quarter. Trigran Investments Inc. lifted its position in shares of Gentherm by 10.7% during the fourth quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock worth $98,848,000 after acquiring an additional 183,170 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in shares of Gentherm by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 1,364,291 shares of the auto parts company’s stock worth $67,287,000 after acquiring an additional 20,371 shares in the last quarter. Granahan Investment Management LLC boosted its holdings in shares of Gentherm by 61.2% in the fourth quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock worth $21,623,000 after acquiring an additional 156,842 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position 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 valued at $21,590,000 after purchasing an additional 20,600 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Phillip Eyler sold 15,000 shares of Gentherm stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $50.03, for a total value of $750,450.00. Following the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $7,370,269.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 34,402 shares of company stock worth $1,727,430 in the last 90 days. 1.91% of the stock is owned by company insiders.

Gentherm Stock Performance

NASDAQ THRM opened at $48.57 on Friday. Gentherm Incorporated has a 52-week low of $38.21 and a 52-week high of $62.93. The company has a fifty day moving average of $49.93 and a 200-day moving average of $51.36. The company has a market capitalization of $1.54 billion, a P/E ratio of 33.27 and a beta of 1.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.46 and a current ratio of 2.11.

Gentherm (NASDAQ:THRM) last released its earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. The company had revenue of $375.70 million during the quarter, compared to the consensus estimate of $375.82 million. During the same quarter in the previous year, the company posted $0.58 EPS. Gentherm’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities research analysts predict that Gentherm Incorporated will post 2.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.