Creative Planning Reduces Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

Creative Planning reduced its position in Gentherm Incorporated (NASDAQ:THRM) by 33.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,804 shares of the auto parts company’s stock after selling 2,928 shares during the quarter. Creative Planning’s holdings in Gentherm were worth $270,000 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. Van Berkom & Associates Inc. increased its holdings in Gentherm by 1.5% in the 2nd 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 during the last quarter. Disciplined Growth Investors Inc. MN boosted its position in Gentherm by 0.7% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,146,620 shares of the auto parts company’s stock worth $56,551,000 after purchasing an additional 8,049 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Gentherm by 3.4% in 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. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Gentherm by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock valued at $46,943,000 after purchasing an additional 10,402 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its stake in shares of 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 valued at $20,848,000 after buying an additional 41,900 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

Insider Transactions at Gentherm

In other news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total value of $220,980.40. Following the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,395,313.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.91% of the company’s stock.

Gentherm Price Performance

THRM opened at $43.55 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The stock has a market capitalization of $1.35 billion, a PE ratio of 20.35 and a beta of 1.44. The stock’s 50 day moving average price is $44.63 and its 200-day moving average price is $48.67. Gentherm Incorporated has a 52-week low of $39.86 and a 52-week high of $62.93.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The business had revenue of $371.50 million during the quarter, compared to analyst estimates of $372.89 million. During the same period last year, the business posted $0.64 earnings per share. Gentherm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts predict that Gentherm Incorporated will post 2.71 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on THRM shares. JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a research note on Monday, October 21st. Robert W. Baird decreased their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Craig Hallum cut their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Gentherm currently has a consensus rating of “Hold” and an average price target of $57.00.

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.