Inspire Investing LLC Grows Position in Gentherm Incorporated (NASDAQ:THRM)

Inspire Investing LLC boosted its stake in Gentherm Incorporated (NASDAQ:THRM) by 14.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,164 shares of the auto parts company’s stock after buying an additional 905 shares during the period. Inspire Investing LLC’s holdings in Gentherm were worth $353,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Gentherm by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,651,904 shares of the auto parts company’s stock valued at $191,214,000 after acquiring an additional 16,513 shares during the last quarter. Trigran Investments Inc. increased its holdings in Gentherm by 10.7% in the 4th quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock valued at $98,848,000 after purchasing an additional 183,170 shares during the last quarter. Van Berkom & Associates Inc. raised its position in Gentherm by 1.5% in the second quarter. Van Berkom & Associates Inc. now owns 1,364,291 shares of the auto parts company’s stock valued at $67,287,000 after purchasing an additional 20,371 shares during the period. Dimensional Fund Advisors LP lifted its stake in Gentherm by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock worth $56,539,000 after purchasing an additional 37,365 shares in the last quarter. Finally, Granahan Investment Management LLC boosted its position in shares of Gentherm by 61.2% during the fourth quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock worth $21,623,000 after buying an additional 156,842 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

Analysts Set New Price Targets

THRM has been the topic of several research analyst reports. Robert W. Baird cut their price objective on Gentherm from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. dropped their price objective 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Gentherm presently has an average rating of “Hold” and an average price target of $62.00.

Insider Activity

In related news, CEO Phillip Eyler sold 4,402 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total transaction of $220,980.40. Following the completion of the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $7,395,313.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 34,402 shares of company stock worth $1,727,430. 1.91% of the stock is currently owned by corporate insiders.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $48.57 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.46. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 33.27 and a beta of 1.43. The stock’s 50-day moving average is $49.93 and its two-hundred day moving average is $51.32. Gentherm Incorporated has a 1-year low of $38.21 and a 1-year high of $62.93.

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 net margin of 4.61% and a return on equity of 14.03%. The firm had revenue of $375.70 million for the quarter, compared to analyst estimates of $375.82 million. During the same period in the prior year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Analysts forecast that Gentherm Incorporated will post 2.81 EPS for the current fiscal year.

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.