Gentherm Incorporated (NASDAQ:THRM) Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC lessened its stake in Gentherm Incorporated (NASDAQ:THRMGet Rating) by 63.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,256 shares of the auto parts company’s stock after selling 141,268 shares during the quarter. Granahan Investment Management LLC owned approximately 0.25% of Gentherm worth $6,008,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in THRM. Advisor Group Holdings Inc. increased its holdings in Gentherm by 87.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,057 shares of the auto parts company’s stock worth $180,000 after acquiring an additional 959 shares in the last quarter. WINTON GROUP Ltd increased its holdings in Gentherm by 29.9% in the 4th quarter. WINTON GROUP Ltd now owns 9,189 shares of the auto parts company’s stock worth $799,000 after acquiring an additional 2,113 shares in the last quarter. Aviva PLC increased its holdings in Gentherm by 49.7% in the 4th quarter. Aviva PLC now owns 30,559 shares of the auto parts company’s stock worth $2,656,000 after acquiring an additional 10,147 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Gentherm by 16.2% in the 4th quarter. Teacher Retirement System of Texas now owns 6,383 shares of the auto parts company’s stock worth $555,000 after acquiring an additional 888 shares in the last quarter. Finally, TD Asset Management Inc. grew its holdings in shares of Gentherm by 78.6% during the fourth quarter. TD Asset Management Inc. now owns 40,790 shares of the auto parts company’s stock worth $3,545,000 after buying an additional 17,955 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Insider Activity at Gentherm

In other Gentherm news, SVP Thomas Stocker sold 2,500 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $70.06, for a total value of $175,150.00. Following the transaction, the senior vice president now owns 9,410 shares of the company’s stock, valued at $659,264.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Gentherm news, SVP Thomas Stocker sold 2,500 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $70.06, for a total value of $175,150.00. Following the transaction, the senior vice president now owns 9,410 shares of the company’s stock, valued at $659,264.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Phillip Eyler sold 4,268 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $62.01, for a total transaction of $264,658.68. Following the completion of the transaction, the chief executive officer now directly owns 103,839 shares in the company, valued at approximately $6,439,056.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,491 shares of company stock valued at $1,873,616. 1.32% of the stock is owned by company insiders.

Gentherm Trading Up 6.2 %

Shares of THRM opened at $60.06 on Friday. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.05. Gentherm Incorporated has a 12-month low of $55.02 and a 12-month high of $99.00. The firm has a 50-day moving average price of $61.66 and a 200 day moving average price of $66.43. The firm has a market capitalization of $1.99 billion, a P/E ratio of 36.85 and a beta of 1.19.

Gentherm (NASDAQ:THRMGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.16). Gentherm had a net margin of 5.35% and a return on equity of 9.13%. The firm had revenue of $260.70 million during the quarter, compared to analysts’ expectations of $258.79 million. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Sell-side analysts forecast that Gentherm Incorporated will post 1.92 EPS for the current year.

Wall Street Analysts Forecast Growth

THRM has been the subject of a number of research reports. Craig Hallum dropped their target price on shares of Gentherm to $80.00 in a report on Tuesday, August 9th. TheStreet lowered shares of Gentherm from a “b” rating to a “c+” rating in a report on Friday, May 20th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.20.

Gentherm Company Profile

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Gentherm Incorporated designs, develops, manufactures, and markets thermal management technologies. 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 that utilize proprietary electronics technology and software; and other climate comfort systems, including neck conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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