Dimensional Fund Advisors LP Purchases 37,365 Shares of Gentherm Incorporated (NASDAQ:THRM)

Dimensional Fund Advisors LP increased its position in Gentherm Incorporated (NASDAQ:THRM) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,146,375 shares of the auto parts company’s stock after purchasing an additional 37,365 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.62% of Gentherm worth $56,539,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Headlands Technologies LLC grew its position in shares of Gentherm by 86.1% during the 1st quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 242 shares in the last quarter. TFO Wealth Partners LLC boosted its position in shares of Gentherm by 44,050.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock worth $92,000 after acquiring an additional 1,762 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Gentherm during the 1st quarter worth approximately $347,000. ProShare Advisors LLC boosted its position in shares of Gentherm by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 6,610 shares of the auto parts company’s stock worth $381,000 after acquiring an additional 454 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Gentherm by 7.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the auto parts company’s stock worth $391,000 after acquiring an additional 581 shares in the last quarter. 97.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on THRM shares. StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Robert W. Baird dropped their price objective on shares of Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Gentherm from $60.00 to $56.00 and set an “underweight” rating for the company in a research note on Monday, July 22nd. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $62.00.

Insider Activity

In other news, CEO Phillip Eyler sold 4,402 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $7,395,313.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 34,402 shares of company stock valued at $1,727,430. Insiders own 1.91% of the company’s stock.

Gentherm Price Performance

Shares of NASDAQ:THRM opened at $48.00 on Friday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 32.88 and a beta of 1.43. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.46. The firm has a 50 day simple moving average of $49.51 and a 200 day simple moving average of $51.11. Gentherm Incorporated has a one year low of $38.21 and a one year high of $62.93.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. The firm had revenue of $375.70 million during the quarter, compared to the consensus estimate of $375.82 million. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 earnings per share. Research analysts predict that Gentherm Incorporated will post 2.81 earnings per share for the current fiscal 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.