Quest Partners LLC Has $345,000 Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Quest Partners LLC reduced its holdings in Gentherm Incorporated (NASDAQ:THRM) by 41.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm 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 SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in THRM. Gladius Capital Management LP acquired a new position in Gentherm in the 3rd quarter valued at approximately $44,000. Headlands Technologies LLC increased its position in shares of Gentherm by 134.0% during the second quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock worth $60,000 after buying an additional 701 shares during the period. Palouse Capital Management Inc. acquired a new stake in shares of Gentherm during the second quarter worth $92,000. MeadowBrook Investment Advisors LLC increased its position in shares of Gentherm by 8.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after buying an additional 260 shares during the period. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Gentherm during the third quarter worth $208,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Stock Up 0.9 %

Shares of NASDAQ THRM opened at $43.77 on Tuesday. The firm has a market cap of $1.36 billion, a PE 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’s fifty day simple moving average is $43.79 and its 200 day simple moving average is $48.09. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34.

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

Insider Buying and Selling at Gentherm

In related news, CEO Phillip Eyler sold 4,402 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total transaction of $220,980.40. Following the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at $7,395,313.40. This trade represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.91% of the company’s stock.

Wall Street Analyst Weigh In

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

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.