Gentherm Incorporated (NASDAQ:THRM) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in Gentherm Incorporated (NASDAQ:THRM) by 4.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 74,572 shares of the auto parts company’s stock after purchasing an additional 3,105 shares during the period. Envestnet Asset Management Inc. owned about 0.23% of Gentherm worth $4,214,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Global Retirement Partners LLC lifted its position in shares of Gentherm by 90.9% in the first quarter. Global Retirement Partners LLC now owns 691 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 329 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Gentherm by 192.7% in the first quarter. Tower Research Capital LLC TRC now owns 846 shares of the auto parts company’s stock valued at $51,000 after acquiring an additional 557 shares in the last quarter. SkyView Investment Advisors LLC purchased a new stake in shares of Gentherm in the first quarter valued at $60,000. XTX Topco Ltd purchased a new stake in shares of Gentherm in the first quarter valued at $200,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Gentherm in the third quarter valued at $200,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Argus reduced their price objective on Gentherm from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, August 28th. StockNews.com assumed coverage on Gentherm in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Craig Hallum reduced their price objective on Gentherm from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have issued 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 target price of $66.00.

Gentherm Stock Performance

NASDAQ THRM opened at $47.83 on Tuesday. The business’s 50-day moving average price is $50.98 and its 200 day moving average price is $55.65. Gentherm Incorporated has a twelve month low of $38.21 and a twelve month high of $76.13. The company has a market capitalization of $1.57 billion, a PE ratio of 88.58 and a beta of 1.41. The company has a current ratio of 2.24, a quick ratio of 1.58 and a debt-to-equity ratio of 0.31.

Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.04). Gentherm had a return on equity of 10.81% and a net margin of 1.25%. The business had revenue of $366.20 million for the quarter, compared to analysts’ expectations of $382.26 million. During the same quarter last year, the company posted $0.70 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, research analysts predict that Gentherm Incorporated will post 2.25 earnings per share for the current year.

Insider Transactions at Gentherm

In other news, SVP Thomas Stocker sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $56.81, for a total value of $170,430.00. Following the transaction, the senior vice president now directly owns 8,950 shares in the company, valued at approximately $508,449.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Thomas Stocker sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $56.81, for a total value of $170,430.00. Following the transaction, the senior vice president now directly owns 8,950 shares in the company, valued at approximately $508,449.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Wayne S. Kauffman III sold 2,605 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $59.86, for a total value of $155,935.30. Following the completion of the transaction, the senior vice president now owns 13,195 shares in the company, valued at $789,852.70. The disclosure for this sale can be found here. Company insiders own 1.32% of the company’s stock.

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.