Intech Investment Management LLC Makes New Investment in Gentherm Incorporated (NASDAQ:THRM)

Intech Investment Management LLC purchased a new position in shares of Gentherm Incorporated (NASDAQ:THRM) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 32,942 shares of the auto parts company’s stock, valued at approximately $1,533,000. Intech Investment Management LLC owned about 0.11% of Gentherm as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in THRM. Nuance Investments LLC acquired a new position in shares of Gentherm during the 3rd quarter worth approximately $16,754,000. American Century Companies Inc. increased its position in shares of Gentherm by 119.4% during the 2nd quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock worth $12,783,000 after purchasing an additional 141,047 shares during the last quarter. Global Alpha Capital Management Ltd. increased its position in shares of Gentherm by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after purchasing an additional 116,500 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Gentherm by 265.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 94,247 shares of the auto parts company’s stock worth $4,648,000 after purchasing an additional 68,477 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Gentherm during the 3rd quarter worth approximately $2,658,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on THRM shares. 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 target price on the stock in a report on Monday, October 21st. Robert W. Baird decreased their target price on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Craig Hallum decreased their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $57.00.

Insiders Place Their Bets

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 147,317 shares in the company, valued at $7,395,313.40. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.91% of the company’s stock.

Gentherm Stock Up 0.9 %

THRM stock opened at $43.77 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. The stock 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 fifty day moving average price is $43.79 and its two-hundred day moving average price is $48.09. Gentherm Incorporated has a fifty-two week low of $39.86 and a fifty-two week high of $62.93.

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

Gentherm Company 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.