Intech Investment Management LLC Invests $1.53 Million in Gentherm Incorporated (NASDAQ:THRM)

Intech Investment Management LLC bought a new position in shares of Gentherm Incorporated (NASDAQ:THRM) during the 3rd quarter, HoldingsChannel reports. The fund bought 32,942 shares of the auto parts company’s stock, valued at approximately $1,533,000.

Several other large investors also recently modified their holdings of the stock. Hsbc Holdings PLC grew its holdings in shares of Gentherm by 3.5% during the 2nd quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock worth $337,000 after purchasing an additional 229 shares in the last quarter. MeadowBrook Investment Advisors LLC boosted its stake in Gentherm by 8.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after buying an additional 260 shares in the last quarter. Guinness Atkinson Asset Management Inc boosted its stake in Gentherm by 3.2% in the third quarter. Guinness Atkinson Asset Management Inc now owns 17,929 shares of the auto parts company’s stock valued at $835,000 after buying an additional 553 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Gentherm by 7.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the auto parts company’s stock valued at $391,000 after buying an additional 581 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Gentherm by 0.6% in the second quarter. Victory Capital Management Inc. now owns 93,462 shares of the auto parts company’s stock valued at $4,610,000 after buying an additional 596 shares in the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Gentherm

In other news, CEO Phillip Eyler sold 4,402 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total transaction of $220,980.40. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares in the company, valued at $7,395,313.40. This trade represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.91% of the stock is owned by corporate insiders.

Gentherm Stock Performance

Shares of THRM stock opened at $43.77 on Tuesday. Gentherm Incorporated has a 12 month low of $39.86 and a 12 month high of $62.93. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 20.45 and a beta of 1.44. The business’s 50-day moving average price is $43.79 and its 200-day moving average price is $48.09.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The company had revenue of $371.50 million during the quarter, compared to the consensus estimate of $372.89 million. During the same period last year, the company earned $0.64 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts forecast that Gentherm Incorporated will post 2.71 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. raised 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. Robert W. Baird cut their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Craig Hallum cut their price target on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Gentherm currently has an average rating of “Hold” and a consensus target price of $57.00.

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.