Gentherm Incorporated (NASDAQ:THRM) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC raised its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 880.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,683 shares of the auto parts company’s stock after purchasing an additional 169,443 shares during the period. Cerity Partners LLC’s holdings in Gentherm were worth $8,783,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eagle Asset Management Inc. boosted its position in shares of Gentherm by 2.6% during the third quarter. Eagle Asset Management Inc. now owns 235,563 shares of the auto parts company’s stock worth $10,259,000 after buying an additional 5,925 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Gentherm by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock valued at $21,452,000 after acquiring an additional 5,754 shares in the last quarter. Intech Investment Management LLC acquired a new position in Gentherm during the 3rd quarter worth $1,533,000. Nuance Investments LLC bought a new position in shares of Gentherm in the third quarter worth $16,754,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Gentherm by 43.5% during the third quarter. Advisors Asset Management Inc. now owns 11,297 shares of the auto parts company’s stock valued at $526,000 after purchasing an additional 3,427 shares during the period. Institutional investors own 97.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on THRM shares. Robert W. Baird reduced their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective on the stock in a research note on Monday, October 21st. Finally, 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 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, the stock has an average rating of “Hold” and an average price target of $57.00.

Insiders Place Their Bets

In related news, CEO Phillip Eyler sold 4,402 shares of Gentherm stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total value of $220,980.40. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at $7,395,313.40. The trade was a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.91% of the company’s stock.

Gentherm Price Performance

NASDAQ:THRM opened at $42.06 on Wednesday. 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 Incorporated has a one year low of $39.86 and a one year high of $62.93. The company has a fifty day moving average price of $43.55 and a 200 day moving average price of $47.97. The stock has a market cap of $1.30 billion, a P/E ratio of 19.65 and a beta of 1.44.

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, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $371.50 million for the quarter, compared to analyst estimates of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. Analysts anticipate that Gentherm Incorporated will post 2.71 earnings per share for the current year.

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.