Hennion & Walsh Asset Management Inc. Invests $208,000 in Gentherm Incorporated (NASDAQ:THRM)

Hennion & Walsh Asset Management Inc. acquired a new position in shares of Gentherm Incorporated (NASDAQ:THRM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,469 shares of the auto parts company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also made changes to their positions in THRM. Allspring Global Investments Holdings LLC grew its position in shares of Gentherm by 2,995.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 268,920 shares of the auto parts company’s stock worth $15,484,000 after buying an additional 260,233 shares in the last quarter. American Century Companies Inc. boosted its holdings in Gentherm by 119.4% in the second quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock valued at $12,783,000 after purchasing an additional 141,047 shares in the last quarter. Pembroke Management LTD boosted its holdings in Gentherm by 36.5% in the first quarter. Pembroke Management LTD now owns 273,827 shares of the auto parts company’s stock valued at $15,767,000 after purchasing an additional 73,227 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Gentherm by 265.7% in the second quarter. Harbor Capital Advisors Inc. now owns 94,247 shares of the auto parts company’s stock valued at $4,648,000 after purchasing an additional 68,477 shares in the last quarter. Finally, Roubaix Capital LLC acquired a new position in Gentherm in the first quarter valued at approximately $2,647,000. 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 company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 147,317 shares in the company, valued at $7,395,313.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.91% of the company’s stock.

Gentherm Price Performance

THRM stock opened at $42.20 on Thursday. The company has a market capitalization of $1.34 billion, a P/E ratio of 28.90 and a beta of 1.43. Gentherm Incorporated has a twelve month low of $38.21 and a twelve month high of $62.93. The business has a 50 day simple moving average of $45.68 and a 200-day simple moving average of $49.05. The company has a current ratio of 2.11, a quick ratio of 1.46 and a debt-to-equity ratio of 0.35.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. The business had revenue of $375.70 million during the quarter, compared to the consensus estimate of $375.82 million. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. The company’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share. As a group, equities analysts anticipate that Gentherm Incorporated will post 2.81 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. raised Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target for the company in a report on Monday, October 21st. Finally, Robert W. Baird lowered their price target on Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, July 12th.

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.