MKD Wealth Coaches LLC Purchases New Stake in Gentherm Incorporated (NASDAQ:THRM)

MKD Wealth Coaches LLC bought a new stake in Gentherm Incorporated (NASDAQ:THRM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 18,618 shares of the auto parts company’s stock, valued at approximately $743,000. Gentherm accounts for approximately 0.8% of MKD Wealth Coaches LLC’s portfolio, making the stock its 9th biggest holding.

Several other institutional investors also recently made changes to their positions in the stock. Raymond James & Associates increased its stake in Gentherm by 18.9% in the 3rd quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock valued at $5,980,000 after purchasing an additional 20,401 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Gentherm in the third quarter valued at $208,000. Assenagon Asset Management S.A. acquired a new position in shares of Gentherm during the 3rd quarter worth $2,658,000. MQS Management LLC purchased a new stake in shares of Gentherm in the 3rd quarter worth about $240,000. Finally, Oppenheimer Asset Management Inc. grew its stake in Gentherm by 23.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,451 shares of the auto parts company’s stock valued at $626,000 after acquiring an additional 2,516 shares during the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on THRM. Craig Hallum cut their target price on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Robert W. Baird reduced their target price on Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Finally, StockNews.com downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Gentherm Price Performance

Gentherm stock opened at $33.58 on Thursday. The stock has a market capitalization of $1.03 billion, a P/E ratio of 16.22 and a beta of 1.42. Gentherm Incorporated has a 12-month low of $30.25 and a 12-month high of $58.17. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The firm’s 50-day moving average is $38.08 and its two-hundred day moving average is $42.51.

Gentherm (NASDAQ:THRM) last announced its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). The firm had revenue of $352.91 million for the quarter, compared to analyst estimates of $360.29 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. Equities analysts predict that Gentherm Incorporated will post 3.1 earnings per share for the current year.

Insider Activity

In related news, SVP Thomas Stocker sold 1,295 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total transaction of $55,659.10. Following the completion of the transaction, the senior vice president now owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total transaction of $105,000.00. Following the transaction, the senior vice president now directly owns 18,947 shares in the company, valued at approximately $795,774. This represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.91% of the company’s stock.

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.