Advisors Asset Management Inc. Boosts Stake in Gentherm Incorporated (NASDAQ:THRM)

Advisors Asset Management Inc. raised its position in Gentherm Incorporated (NASDAQ:THRM) by 43.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,297 shares of the auto parts company’s stock after buying an additional 3,427 shares during the period. Advisors Asset Management Inc.’s holdings in Gentherm were worth $526,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. boosted its position in Gentherm by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock valued at $29,451,000 after buying an additional 116,500 shares during the last quarter. Gladius Capital Management LP bought a new position in shares of Gentherm during the third quarter worth about $44,000. Natixis Advisors LLC lifted its position in shares of Gentherm by 12.2% during the third quarter. Natixis Advisors LLC now owns 15,938 shares of the auto parts company’s stock worth $742,000 after purchasing an additional 1,729 shares during the last quarter. MeadowBrook Investment Advisors LLC lifted its position in shares of Gentherm by 8.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 260 shares during the last quarter. Finally, Zions Bancorporation N.A. lifted its position in shares of Gentherm by 18.3% during the third quarter. Zions Bancorporation N.A. now owns 31,869 shares of the auto parts company’s stock worth $1,484,000 after purchasing an additional 4,923 shares during the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the sale, the chief executive officer now owns 147,317 shares in the company, valued at approximately $7,395,313.40. This trade represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.91% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on THRM. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research 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 on the stock in a research report 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 reduced their price target on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $57.00.

Gentherm Price Performance

THRM opened at $42.11 on Thursday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 19.68 and a beta of 1.44. Gentherm Incorporated has a fifty-two week low of $39.86 and a fifty-two week high of $62.93. The company’s 50-day moving average price is $43.41 and its 200 day moving average price is $47.93. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $371.50 million for the quarter, compared to analyst estimates of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. Gentherm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. As a group, sell-side analysts expect that Gentherm Incorporated will post 2.71 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.