Rhumbline Advisers Boosts Holdings in Gentherm Incorporated (NASDAQ:THRM)

Rhumbline Advisers increased its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 4.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 98,558 shares of the auto parts company’s stock after buying an additional 3,804 shares during the period. Rhumbline Advisers owned about 0.30% of Gentherm worth $5,955,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Gentherm by 0.5% in the first quarter. BlackRock Inc. now owns 5,083,926 shares of the auto parts company’s stock worth $371,330,000 after purchasing an additional 23,053 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Gentherm by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,558,992 shares of the auto parts company’s stock worth $176,989,000 after purchasing an additional 14,046 shares in the last quarter. State Street Corp increased its stake in shares of Gentherm by 2.7% in the first quarter. State Street Corp now owns 1,105,979 shares of the auto parts company’s stock worth $80,781,000 after purchasing an additional 28,569 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Gentherm by 0.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 991,137 shares of the auto parts company’s stock worth $61,857,000 after purchasing an additional 8,371 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Gentherm by 171.9% in the first quarter. Invesco Ltd. now owns 988,683 shares of the auto parts company’s stock worth $72,213,000 after purchasing an additional 625,083 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Insider Activity

In other news, CAO Breisacher Nicholas sold 400 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were 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 of the company’s stock, valued at approximately $128,676.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Breisacher Nicholas sold 400 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were 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 of the company’s stock, valued at approximately $128,676.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Wayne S. Kauffman III sold 2,605 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $59.86, for a total transaction of $155,935.30. Following the completion of the sale, the senior vice president now directly owns 13,195 shares of the company’s stock, valued at approximately $789,852.70. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

Gentherm Trading Down 1.0 %

Shares of Gentherm stock opened at $57.19 on Thursday. Gentherm Incorporated has a 1 year low of $49.45 and a 1 year high of $76.13. The firm has a market cap of $1.89 billion, a PE ratio of 163.40 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.31 and a quick ratio of 1.63. The company has a 50 day simple moving average of $58.83 and a two-hundred day simple moving average of $58.93.

Gentherm (NASDAQ:THRM) last announced its earnings results 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 business had revenue of $372.30 million during the quarter, compared to analyst estimates of $368.93 million. Gentherm had a net margin of 0.85% and a return on equity of 11.25%. Gentherm’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. Analysts expect that Gentherm Incorporated will post 2.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Argus reduced their target price on shares of Gentherm from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, August 28th. Robert W. Baird lowered shares of Gentherm from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $73.00 to $65.00 in a research report on Tuesday, July 11th. Finally, StockNews.com lowered shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.67.

Gentherm Company 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.