Quest Partners LLC Decreases Holdings in Gentherm Incorporated (NASDAQ:THRM)

Quest Partners LLC lessened its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 41.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,421 shares of the auto parts company’s stock after selling 5,206 shares during the quarter. Quest Partners LLC’s holdings in Gentherm were worth $345,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Van Berkom & Associates Inc. increased its holdings in Gentherm by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 1,364,291 shares of the auto parts company’s stock worth $67,287,000 after buying an additional 20,371 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in shares of Gentherm by 0.7% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,146,620 shares of the auto parts company’s stock worth $56,551,000 after purchasing an additional 8,049 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Gentherm by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock worth $56,539,000 after purchasing an additional 37,365 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Gentherm by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock worth $46,943,000 after purchasing an additional 10,402 shares in the last quarter. Finally, Pembroke Management LTD increased its stake in shares of Gentherm by 16.6% in the second quarter. Pembroke Management LTD now owns 319,230 shares of the auto parts company’s stock worth $15,744,000 after purchasing an additional 45,403 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Wall Street Analyst Weigh In

THRM has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price for the company in a research note on Monday, October 21st. Robert W. Baird reduced their target price on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Craig Hallum reduced their price objective on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note 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. Based on data from MarketBeat.com, Gentherm currently has an average rating of “Hold” and a consensus price target of $57.00.

Gentherm Price Performance

Shares of NASDAQ:THRM opened at $43.77 on Tuesday. The company has a 50 day moving average of $43.79 and a 200 day moving average of $48.09. The stock has a market cap of $1.36 billion, a P/E ratio of 20.27 and a beta of 1.44. 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.

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

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of Gentherm stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total transaction of $220,980.40. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares in the company, valued at $7,395,313.40. The trade was a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.91% of the stock is currently owned by company insiders.

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.