Cerity Partners LLC Invests $483,000 in Gentherm Incorporated (NASDAQ:THRM)

Cerity Partners LLC acquired a new stake in shares of Gentherm Incorporated (NASDAQ:THRM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,519 shares of the auto parts company’s stock, valued at approximately $483,000.

A number of other hedge funds also recently made changes to their positions in THRM. Amalgamated Bank lifted its stake in shares of Gentherm by 0.9% during the 4th quarter. Amalgamated Bank now owns 16,237 shares of the auto parts company’s stock valued at $1,060,000 after buying an additional 151 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Gentherm by 2.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,815 shares of the auto parts company’s stock valued at $510,000 after purchasing an additional 167 shares during the period. MetLife Investment Management LLC raised its stake in Gentherm by 1.0% during the 4th quarter. MetLife Investment Management LLC now owns 17,707 shares of the auto parts company’s stock valued at $1,156,000 after purchasing an additional 179 shares during the period. Great West Life Assurance Co. Can raised its stake in Gentherm by 0.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 28,849 shares of the auto parts company’s stock valued at $2,157,000 after purchasing an additional 181 shares during the period. Finally, US Bancorp DE raised its stake in Gentherm by 9.8% during the 1st quarter. US Bancorp DE now owns 2,805 shares of the auto parts company’s stock valued at $206,000 after purchasing an additional 251 shares during the period. 97.13% of the stock is currently owned by institutional investors.

Insider Activity at Gentherm

In related news, CAO Breisacher Nicholas sold 400 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $64.89, for a total value of $25,956.00. Following the completion of the sale, the chief accounting officer now owns 1,983 shares in the company, valued at $128,676.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Breisacher Nicholas sold 400 shares of Gentherm stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $64.89, for a total value of $25,956.00. Following the completion of the sale, the chief accounting officer now directly owns 1,983 shares in the company, valued at $128,676.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Wayne S. Kauffman III sold 2,605 shares of Gentherm stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $59.86, for a total value of $155,935.30. Following the completion of the sale, the senior vice president now owns 13,195 shares of the company’s stock, valued at $789,852.70. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

THRM has been the subject of several research analyst reports. StockNews.com cut shares of Gentherm from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Argus dropped their price target on Gentherm from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, August 28th. Finally, Robert W. Baird lowered Gentherm from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $73.00 to $65.00 in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.67.

Gentherm Stock Down 1.0 %

NASDAQ THRM opened at $57.19 on Thursday. The company has a quick ratio of 1.63, a current ratio of 2.31 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 163.40 and a beta of 1.34. Gentherm Incorporated has a 52 week low of $49.45 and a 52 week high of $76.13. The company has a fifty day moving average of $58.83 and a two-hundred day moving average of $58.93.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. The company had revenue of $372.30 million during the quarter, compared to analysts’ expectations of $368.93 million. Gentherm had a net margin of 0.85% and a return on equity of 11.25%. The firm’s quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. On average, analysts predict that Gentherm Incorporated will post 2.53 earnings per share for the current year.

Gentherm Profile

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 and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.