Disciplined Growth Investors Inc. MN Increases Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Disciplined Growth Investors Inc. MN lifted its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 1,146,620 shares of the auto parts company’s stock after acquiring an additional 8,049 shares during the period. Gentherm makes up 1.1% of Disciplined Growth Investors Inc. MN’s holdings, making the stock its 28th largest holding. Disciplined Growth Investors Inc. MN’s holdings in Gentherm were worth $56,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in THRM. Hsbc Holdings PLC increased its stake in Gentherm by 3.5% in the 2nd quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock valued at $337,000 after buying an additional 229 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Gentherm by 86.1% during the first quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 242 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in Gentherm by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 28,703 shares of the auto parts company’s stock worth $1,653,000 after acquiring an additional 372 shares during the period. Bridge City Capital LLC lifted its holdings in Gentherm by 0.8% during the first quarter. Bridge City Capital LLC now owns 56,156 shares of the auto parts company’s stock worth $3,233,000 after acquiring an additional 443 shares during the period. Finally, ProShare Advisors LLC boosted its position in Gentherm by 7.4% in the first quarter. ProShare Advisors LLC now owns 6,610 shares of the auto parts company’s stock worth $381,000 after purchasing an additional 454 shares during the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Trading Up 1.0 %

Gentherm stock opened at $48.00 on Friday. 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 Incorporated has a fifty-two week low of $38.21 and a fifty-two week high of $62.93. The stock has a market cap of $1.52 billion, a P/E ratio of 32.88 and a beta of 1.43. The firm’s fifty day moving average price is $49.51 and its 200-day moving average price is $51.11.

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of Gentherm stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $50.03, for a total transaction of $750,450.00. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares in the company, valued at $7,370,269.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 34,402 shares of company stock worth $1,727,430. Insiders own 1.91% of the company’s stock.

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.