Westwood Holdings Group Inc. Has $1.82 Million Position in Gentherm Incorporated (NASDAQ:THRM)

Westwood Holdings Group Inc. increased its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 28.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,816 shares of the auto parts company’s stock after purchasing an additional 8,135 shares during the period. Westwood Holdings Group Inc.’s holdings in Gentherm were worth $1,816,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Gentherm by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,651,904 shares of the auto parts company’s stock valued at $191,214,000 after purchasing an additional 16,513 shares in the last quarter. Trigran Investments Inc. lifted its stake in Gentherm by 10.7% in the 4th quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock valued at $98,848,000 after acquiring an additional 183,170 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in Gentherm by 1.5% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,364,291 shares of the auto parts company’s stock valued at $67,287,000 after acquiring an additional 20,371 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Gentherm by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock valued at $56,539,000 after acquiring an additional 37,365 shares in the last quarter. Finally, Granahan Investment Management LLC lifted its stake in Gentherm by 61.2% in the 4th quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock valued at $21,623,000 after acquiring an additional 156,842 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Robert W. Baird dropped their price objective on Gentherm from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. JPMorgan Chase & Co. dropped their price objective on Gentherm from $60.00 to $56.00 and set an “underweight” rating on the stock in a research note on Monday, July 22nd. Finally, StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.00.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $50.03, for a total value of $750,450.00. Following the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,370,269.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 34,402 shares of company stock valued at $1,727,430 in the last ninety days. 1.91% of the stock is currently owned by corporate insiders.

Gentherm Stock Down 4.4 %

THRM stock opened at $48.57 on Monday. The company has a current ratio of 2.11, a quick ratio of 1.46 and a debt-to-equity ratio of 0.35. The business’s 50 day simple moving average is $49.93 and its 200 day simple moving average is $51.32. Gentherm Incorporated has a 1-year low of $38.21 and a 1-year high of $62.93. The firm has a market capitalization of $1.54 billion, a PE ratio of 33.27 and a beta of 1.43.

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

About Gentherm

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.