Assenagon Asset Management S.A. Purchases New Holdings in Gentherm Incorporated (NASDAQ:THRM)

Assenagon Asset Management S.A. purchased a new stake in Gentherm Incorporated (NASDAQ:THRM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 57,098 shares of the auto parts company’s stock, valued at approximately $2,658,000. Assenagon Asset Management S.A. owned approximately 0.18% of Gentherm at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Gentherm in the first quarter valued at approximately $1,089,000. SG Americas Securities LLC grew its holdings in Gentherm by 1,317.7% during the 2nd quarter. SG Americas Securities LLC now owns 25,590 shares of the auto parts company’s stock worth $1,262,000 after acquiring an additional 23,785 shares during the period. Vanguard Group Inc. grew its holdings in Gentherm by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,651,904 shares of the auto parts company’s stock worth $191,214,000 after acquiring an additional 16,513 shares during the period. Global Alpha Capital Management Ltd. grew its holdings in Gentherm by 13.1% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 362,073 shares of the auto parts company’s stock worth $20,848,000 after acquiring an additional 41,900 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Gentherm by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock worth $46,943,000 after acquiring an additional 10,402 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Robert W. Baird decreased their price target on shares of Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, July 12th. JPMorgan Chase & Co. raised shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target for the company in a report on Monday, October 21st. Finally, StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th.

Insider Activity at Gentherm

In related news, CEO Phillip Eyler sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $50.03, for a total value of $750,450.00. Following the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,370,269.51. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.91% of the stock is currently owned by insiders.

Gentherm Price Performance

Shares of THRM stock opened at $42.20 on Thursday. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 28.90 and a beta of 1.43. Gentherm Incorporated has a 12-month low of $38.21 and a 12-month high of $62.93. The firm has a fifty day moving average of $45.68 and a 200-day moving average of $49.05. The company has a quick ratio of 1.46, a current ratio of 2.11 and a debt-to-equity ratio of 0.35.

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

Gentherm Company 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.