Creative Planning Has $270,000 Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

Creative Planning reduced its holdings in Gentherm Incorporated (NASDAQ:THRM) by 33.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,804 shares of the auto parts company’s stock after selling 2,928 shares during the quarter. Creative Planning’s holdings in Gentherm were worth $270,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Susquehanna Fundamental Investments LLC acquired a new position in Gentherm during the 1st quarter worth about $1,089,000. SG Americas Securities LLC boosted its holdings in Gentherm by 1,317.7% in the second quarter. SG Americas Securities LLC now owns 25,590 shares of the auto parts company’s stock valued at $1,262,000 after acquiring an additional 23,785 shares during the last quarter. Global Alpha Capital Management Ltd. increased its position in Gentherm by 13.1% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 362,073 shares of the auto parts company’s stock valued at $20,848,000 after purchasing an additional 41,900 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Gentherm by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock worth $46,943,000 after purchasing an additional 10,402 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Gentherm in the 1st quarter worth approximately $693,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

Gentherm Stock Performance

Shares of THRM stock opened at $43.55 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $44.63 and a two-hundred day simple moving average of $48.67. Gentherm Incorporated has a 12 month low of $39.86 and a 12 month high of $62.93. The firm has a market capitalization of $1.35 billion, a PE ratio of 20.35 and a beta of 1.44.

Gentherm (NASDAQ:THRM) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $371.50 million for the quarter, compared to analyst estimates of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 EPS. Analysts forecast that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

Insider Activity at Gentherm

In other news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the completion of the sale, the chief executive officer now owns 147,317 shares in the company, valued at $7,395,313.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.91% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on THRM. JPMorgan Chase & Co. raised Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a research report on Monday, October 21st. Craig Hallum lowered their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Robert W. Baird cut their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $57.00.

Gentherm 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.