Oppenheimer Asset Management Inc. Purchases 1,706 Shares of Gentherm Incorporated (NASDAQ:THRM)

Oppenheimer Asset Management Inc. boosted its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 18.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,935 shares of the auto parts company’s stock after purchasing an additional 1,706 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Gentherm were worth $539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in THRM. American Century Companies Inc. grew its stake in shares of Gentherm by 119.4% during the second quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock valued at $12,783,000 after buying an additional 141,047 shares during the last quarter. ClariVest Asset Management LLC bought a new position in Gentherm in the 2nd quarter valued at $1,227,000. Headlands Technologies LLC increased its stake in Gentherm by 134.0% in the second quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock worth $60,000 after purchasing an additional 701 shares during the period. Van Berkom & Associates Inc. lifted its position in shares of Gentherm by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 1,364,291 shares of the auto parts company’s stock worth $67,287,000 after purchasing an additional 20,371 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in shares of Gentherm by 116.8% during the second quarter. Quest Partners LLC now owns 12,627 shares of the auto parts company’s stock valued at $623,000 after purchasing an additional 6,802 shares during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on THRM shares. JPMorgan Chase & Co. decreased 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. Robert W. Baird lowered their price target on Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Finally, StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Gentherm currently has an average rating of “Hold” and an average price target of $62.00.

Gentherm Trading Down 4.4 %

NASDAQ THRM opened at $48.57 on Friday. Gentherm Incorporated has a one year low of $38.21 and a one year high of $62.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.46 and a current ratio of 2.11. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 33.27 and a beta of 1.43. The company’s 50-day simple moving average is $49.93 and its two-hundred day simple moving average is $51.39.

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

Insider Activity

In related news, CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $50.40, for a total transaction of $756,000.00. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares in the company, valued at approximately $7,424,776.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 company insiders.

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.