Oppenheimer Asset Management Inc. Grows Position in Gentherm Incorporated (NASDAQ:THRM)

Oppenheimer Asset Management Inc. lifted its holdings in Gentherm Incorporated (NASDAQ:THRM) by 23.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,451 shares of the auto parts company’s stock after buying an additional 2,516 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Gentherm were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of THRM. American Century Companies Inc. boosted its holdings in shares of Gentherm by 119.4% during the 2nd quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock worth $12,783,000 after purchasing an additional 141,047 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Gentherm by 265.7% during the second quarter. Harbor Capital Advisors Inc. now owns 94,247 shares of the auto parts company’s stock worth $4,648,000 after buying an additional 68,477 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Gentherm during the third quarter worth $2,658,000. Pembroke Management LTD grew its holdings in Gentherm by 16.6% in the 2nd quarter. Pembroke Management LTD now owns 319,230 shares of the auto parts company’s stock valued at $15,744,000 after buying an additional 45,403 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Gentherm by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock worth $56,539,000 after acquiring an additional 37,365 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on THRM. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. 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 research note on Monday, October 21st. Craig Hallum reduced their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Robert W. Baird lowered their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Gentherm currently has an average rating of “Hold” and an average target price of $57.00.

Insider Activity at Gentherm

In related news, CEO Phillip Eyler sold 4,402 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was 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 directly owns 147,317 shares in the company, valued at $7,395,313.40. This trade represents a 2.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.91% of the company’s stock.

Gentherm Trading Down 2.0 %

Shares of THRM stock opened at $41.43 on Wednesday. The company has a 50-day moving average of $44.09 and a two-hundred day moving average of $48.34. The firm has a market cap of $1.28 billion, a PE ratio of 19.36 and a beta of 1.44. Gentherm Incorporated has a 1-year low of $39.86 and a 1-year high of $62.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38.

Gentherm (NASDAQ:THRM) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating 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 firm had revenue of $371.50 million during the quarter, compared to the consensus estimate of $372.89 million. During the same quarter last year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict that Gentherm Incorporated will post 2.71 EPS for the current year.

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.