Envestnet Asset Management Inc. increased its stake in Gentherm Incorporated (NASDAQ:THRM – Free Report) by 4.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,572 shares of the auto parts company’s stock after acquiring an additional 3,105 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Gentherm were worth $4,214,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the stock. Invesco Ltd. grew its holdings in shares of Gentherm by 171.9% during the first quarter. Invesco Ltd. now owns 988,683 shares of the auto parts company’s stock valued at $72,213,000 after buying an additional 625,083 shares in the last quarter. Robeco Schweiz AG purchased a new position in shares of Gentherm during the first quarter valued at $30,991,000. Rockefeller Capital Management L.P. grew its holdings in shares of Gentherm by 1,762.9% during the first quarter. Rockefeller Capital Management L.P. now owns 403,123 shares of the auto parts company’s stock valued at $24,356,000 after buying an additional 381,483 shares in the last quarter. Norges Bank purchased a new position in shares of Gentherm during the fourth quarter valued at $17,802,000. Finally, Capital International Investors grew its holdings in shares of Gentherm by 67.0% during the first quarter. Capital International Investors now owns 668,977 shares of the auto parts company’s stock valued at $48,862,000 after buying an additional 268,477 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on THRM shares. StockNews.com started coverage on Gentherm in a report on Thursday, October 5th. They set a “hold” rating on the stock. Argus lowered their price target on Gentherm from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, August 28th. Finally, Craig Hallum reduced their price objective on Gentherm from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $66.00.
Insiders Place Their Bets
In other news, SVP Thomas Stocker sold 3,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $56.81, for a total value of $170,430.00. Following the transaction, the senior vice president now owns 8,950 shares of the company’s stock, valued at approximately $508,449.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Wayne S. Kauffman III sold 2,605 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $59.86, for a total value of $155,935.30. Following the transaction, the senior vice president now directly owns 13,195 shares in the company, valued at approximately $789,852.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas Stocker sold 3,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $56.81, for a total value of $170,430.00. Following the sale, the senior vice president now directly owns 8,950 shares in the company, valued at approximately $508,449.50. The disclosure for this sale can be found here. Company insiders own 1.32% of the company’s stock.
Gentherm Price Performance
THRM opened at $47.83 on Tuesday. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 88.58 and a beta of 1.41. Gentherm Incorporated has a 1 year low of $38.21 and a 1 year high of $76.13. The company has a current ratio of 2.24, a quick ratio of 1.58 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $50.98 and a 200 day moving average price of $55.65.
Gentherm (NASDAQ:THRM – Get Free Report) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.04). Gentherm had a return on equity of 10.81% and a net margin of 1.25%. The firm had revenue of $366.20 million for the quarter, compared to analyst estimates of $382.26 million. During the same period in the prior year, the company posted $0.70 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts forecast that Gentherm Incorporated will post 2.25 EPS for the current fiscal year.
Gentherm Incorporated designs, develops, manufactures, and markets thermal management technologies. 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 that utilize proprietary electronics technology and software; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.
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